Bank of America Corp DE Sells 64,302 Shares of Nu Skin Enterprises, Inc. (NYSE:NUS)

Bank of America Corp DE reduced its position in Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,835 shares of the company's stock after selling 64,302 shares during the quarter. Bank of America Corp DE owned approximately 0.31% of Nu Skin Enterprises worth $1,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NUS. Rhumbline Advisers lifted its position in Nu Skin Enterprises by 70.9% in the 4th quarter. Rhumbline Advisers now owns 138,477 shares of the company's stock valued at $954,000 after purchasing an additional 57,443 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Nu Skin Enterprises by 18.5% during the fourth quarter. Bank of New York Mellon Corp now owns 613,330 shares of the company's stock worth $4,226,000 after buying an additional 95,938 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Nu Skin Enterprises during the 4th quarter worth $115,000. US Bancorp DE increased its stake in Nu Skin Enterprises by 424.2% in the 4th quarter. US Bancorp DE now owns 7,460 shares of the company's stock worth $51,000 after purchasing an additional 6,037 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Nu Skin Enterprises in the fourth quarter worth approximately $157,000. 82.84% of the stock is owned by institutional investors and hedge funds.

Nu Skin Enterprises Stock Up 4.3%

Shares of NUS traded up $0.35 during midday trading on Tuesday, reaching $8.39. 477,313 shares of the stock were exchanged, compared to its average volume of 833,766. The company has a market cap of $414.33 million, a price-to-earnings ratio of -2.84 and a beta of 0.98. The firm has a 50 day simple moving average of $6.74 and a 200-day simple moving average of $7.08. Nu Skin Enterprises, Inc. has a 12-month low of $5.32 and a 12-month high of $13.70. The company has a quick ratio of 1.17, a current ratio of 1.82 and a debt-to-equity ratio of 0.56.

Nu Skin Enterprises (NYSE:NUS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. Nu Skin Enterprises had a negative net margin of 8.46% and a positive return on equity of 5.86%. The firm had revenue of $364.49 million for the quarter, compared to the consensus estimate of $352.06 million. Research analysts forecast that Nu Skin Enterprises, Inc. will post 1.05 EPS for the current year.

Nu Skin Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Friday, May 30th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.24 annualized dividend and a yield of 2.86%. Nu Skin Enterprises's dividend payout ratio (DPR) is presently -30.00%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Nu Skin Enterprises from a "hold" rating to a "buy" rating in a report on Monday, May 12th.

Insider Transactions at Nu Skin Enterprises

In other Nu Skin Enterprises news, Director Edwina D. Woodbury sold 4,532 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $8.44, for a total value of $38,250.08. Following the sale, the director now owns 42,947 shares of the company's stock, valued at $362,472.68. The trade was a 9.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven Keith Hatchett bought 6,500 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was acquired at an average cost of $7.54 per share, for a total transaction of $49,010.00. Following the purchase, the insider now owns 162,065 shares of the company's stock, valued at $1,221,970.10. This trade represents a 4.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by corporate insiders.

Nu Skin Enterprises Profile

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.