Cwm LLC Reduces Position in Thomson Reuters Co. (NYSE:TRI)

Cwm LLC lessened its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,987 shares of the business services provider's stock after selling 2,036 shares during the quarter. Cwm LLC's holdings in Thomson Reuters were worth $6,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Rhumbline Advisers boosted its stake in shares of Thomson Reuters by 1.5% during the 1st quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider's stock worth $770,000 after acquiring an additional 68 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Thomson Reuters by 25.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock valued at $71,000 after purchasing an additional 84 shares during the period. HighTower Advisors LLC raised its position in shares of Thomson Reuters by 0.9% during the 4th quarter. HighTower Advisors LLC now owns 11,349 shares of the business services provider's stock valued at $1,821,000 after purchasing an additional 102 shares during the period. Sara Bay Financial raised its position in shares of Thomson Reuters by 3.3% during the 1st quarter. Sara Bay Financial now owns 3,275 shares of the business services provider's stock valued at $560,000 after purchasing an additional 104 shares during the period. Finally, PDS Planning Inc raised its position in shares of Thomson Reuters by 4.7% during the 4th quarter. PDS Planning Inc now owns 2,342 shares of the business services provider's stock valued at $376,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

Shares of NYSE TRI opened at $210.39 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market cap of $94.79 billion, a P/E ratio of 43.02, a P/E/G ratio of 5.67 and a beta of 0.76. The firm's fifty day moving average is $195.87 and its two-hundred day moving average is $180.06. Thomson Reuters Co. has a 52-week low of $150.01 and a 52-week high of $218.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $1.11 EPS. The business's quarterly revenue was up .8% on a year-over-year basis. As a group, analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.595 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.13%. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

Wall Street Analyst Weigh In

TRI has been the topic of several recent analyst reports. Barclays raised their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. National Bankshares restated an "outperform" rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Scotiabank restated a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a research report on Friday, May 2nd. Finally, Bank of America began coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $187.30.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.

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