Nutrien Ltd. (NYSE:NTR) Shares Acquired by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,536 shares of the company’s stock after buying an additional 1,013 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Nutrien were worth $561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new position in Nutrien during the third quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Nutrien during the second quarter valued at $52,000. Larson Financial Group LLC lifted its position in Nutrien by 1,370.6% during the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after purchasing an additional 1,494 shares during the period. Cromwell Holdings LLC lifted its position in Nutrien by 113.4% during the third quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after purchasing an additional 900 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Nutrien by 56.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock valued at $86,000 after purchasing an additional 605 shares during the period. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Down 0.6 %

Shares of NYSE NTR opened at $51.29 on Wednesday. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $60.87. The stock has a market cap of $25.19 billion, a PE ratio of 34.42, a P/E/G ratio of 1.15 and a beta of 0.81. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $47.12 and a 200 day moving average of $47.88.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the prior year, the company posted $0.35 EPS. The firm’s revenue was down 5.0% on a year-over-year basis. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.5 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.939 per share. This represents a $3.76 annualized dividend and a yield of 7.32%. The ex-dividend date was Tuesday, December 31st. This is a boost from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio is currently 144.97%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTR. Wells Fargo & Company cut shares of Nutrien from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. CIBC reaffirmed an “outperformer” rating and issued a $55.00 price objective (down previously from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. TD Securities cut their price objective on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Oppenheimer began coverage on shares of Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective for the company. Finally, Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.39.

About Nutrien

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.