Philip James Wealth Mangement LLC Has $204,000 Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Philip James Wealth Mangement LLC lifted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 923 shares of the company’s stock after purchasing an additional 68 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in Constellation Brands were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands during the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $28,000. Versant Capital Management Inc boosted its stake in Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after buying an additional 142 shares in the last quarter. Eastern Bank bought a new stake in Constellation Brands in the third quarter valued at $39,000. Finally, FSA Wealth Management LLC bought a new stake in Constellation Brands in the third quarter valued at $42,000. 77.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on STZ. Roth Capital reduced their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Morgan Stanley reduced their price target on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. UBS Group dropped their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a report on Friday, January 17th. TD Cowen reduced their target price on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a report on Monday, January 27th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $254.29.

Insiders Place Their Bets

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ opened at $162.69 on Tuesday. The stock has a market cap of $29.40 billion, a P/E ratio of 43.73, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The stock’s 50-day moving average price is $201.35 and its two-hundred day moving average price is $228.19. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the business earned $3.19 EPS. The firm’s revenue was down .3% compared to the same quarter last year. On average, equities analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.48%. The ex-dividend date is Friday, February 7th. Constellation Brands’s payout ratio is presently 108.60%.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.