Philip James Wealth Mangement LLC Purchases 6,154 Shares of The J. M. Smucker Company (NYSE:SJM)

Philip James Wealth Mangement LLC lifted its position in The J. M. Smucker Company (NYSE:SJM) by 302.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,190 shares of the company’s stock after acquiring an additional 6,154 shares during the period. Philip James Wealth Mangement LLC’s holdings in J. M. Smucker were worth $902,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in shares of J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after acquiring an additional 226 shares during the last quarter. Kentucky Trust Co bought a new stake in shares of J. M. Smucker in the 4th quarter worth about $28,000. Kieckhefer Group LLC bought a new stake in shares of J. M. Smucker in the 4th quarter worth about $33,000. Catalyst Capital Advisors LLC bought a new stake in shares of J. M. Smucker in the 3rd quarter worth about $39,000. Finally, Eastern Bank bought a new stake in shares of J. M. Smucker in the 3rd quarter worth about $40,000. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on SJM shares. Stifel Nicolaus reduced their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Barclays reduced their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Wells Fargo & Company raised their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, J. M. Smucker currently has an average rating of “Hold” and an average target price of $126.78.

J. M. Smucker Trading Down 2.9 %

NYSE SJM opened at $102.07 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 3.15 and a beta of 0.27. The company’s 50-day simple moving average is $107.27 and its two-hundred day simple moving average is $113.94. The J. M. Smucker Company has a one year low of $99.81 and a one year high of $127.59.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the firm earned $2.59 EPS. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. Equities analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s payout ratio is currently 87.45%.

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. The trade was a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.40% of the company’s stock.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.