Chancellor Financial Group WB LP Increases Holdings in Nutrien Ltd. (NYSE:NTR)

Chancellor Financial Group WB LP grew its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 89.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,500 shares of the company's stock after purchasing an additional 4,950 shares during the period. Chancellor Financial Group WB LP's holdings in Nutrien were worth $522,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in shares of Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after purchasing an additional 506 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after purchasing an additional 1,022 shares during the last quarter. Summit Securities Group LLC increased its stake in shares of Nutrien by 225.0% in the fourth quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock worth $58,000 after purchasing an additional 900 shares in the last quarter. HM Payson & Co. purchased a new position in shares of Nutrien in the first quarter valued at $65,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Nutrien during the 4th quarter valued at about $67,000. Institutional investors and hedge funds own 63.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NTR. The Goldman Sachs Group boosted their price objective on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research note on Friday, May 9th. TD Securities upped their price objective on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Bank of America boosted their target price on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Scotiabank cut shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective on the stock. in a report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $62.78.

Nutrien Price Performance

Shares of NYSE NTR traded down $0.79 during midday trading on Monday, hitting $59.23. 1,191,681 shares of the company's stock were exchanged, compared to its average volume of 2,187,729. The business's fifty day moving average price is $59.77 and its two-hundred day moving average price is $54.49. The company has a market cap of $28.85 billion, a price-to-earnings ratio of 55.35, a PEG ratio of 1.11 and a beta of 0.80. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The business had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. During the same period last year, the business earned $0.46 earnings per share. The company's revenue was down 5.4% on a year-over-year basis. As a group, research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.

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.