Citigroup Inc. Has $15.81 Million Stake in Nutrien Ltd. (NYSE:NTR)

Citigroup Inc. lowered its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 19.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,500 shares of the company's stock after selling 75,980 shares during the quarter. Citigroup Inc. owned 0.07% of Nutrien worth $15,805,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Harbour Investments Inc. boosted its stake in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after buying an additional 348 shares in the last quarter. Allworth Financial LP boosted its position in shares of Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock valued at $50,000 after purchasing an additional 506 shares during the period. GAMMA Investing LLC boosted its position in shares of Nutrien by 4,866.7% in 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 period. HM Payson & Co. acquired a new position in shares of Nutrien in the 1st quarter valued at $65,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Nutrien during the 1st quarter worth about $77,000. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Performance

NYSE NTR traded up $0.19 during trading on Friday, hitting $57.10. The company's stock had a trading volume of 1,677,696 shares, compared to its average volume of 2,045,624. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average price of $59.57 and a 200 day moving average price of $55.50. The firm has a market cap of $27.80 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 0.98 and a beta of 0.81. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same period in the previous year, the business posted $2.34 EPS. The company's revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.8%. Nutrien's payout ratio is currently 78.14%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NTR. TD Securities raised their price objective on Nutrien from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Wells Fargo & Company raised their price objective on Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Barclays raised their price objective on Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Bank of America raised their price target on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, The Goldman Sachs Group raised their price target on Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $62.65.

Nutrien Profile

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.