Nutrien Ltd. $NTR Position Trimmed by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. reduced its stake in Nutrien Ltd. by 29.4%, selling 4,419 shares in the first quarter, leaving it with 10,602 shares valued at $527,000.
• Institutional investors now hold 63.10% of Nutrien's stock, with significant increases in stakes from firms like Harbour Investments Inc. and Caitong International Asset Management Co. Ltd.
• Nutrien recently declared a quarterly dividend of $0.545, representing an annual yield of 3.8%, with the next payment scheduled for October 17th.

Northwestern Mutual Wealth Management Co. cut its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 29.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,602 shares of the company's stock after selling 4,419 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Nutrien were worth $527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NTR. Harbour Investments Inc. increased its holdings in shares of Nutrien by 94.8% in the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after acquiring an additional 348 shares during the last quarter. Allworth Financial LP increased its holdings 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 acquiring an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Nutrien by 1,074.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company's stock valued at $51,000 after acquiring an additional 935 shares during the last quarter. GAMMA Investing LLC increased its holdings 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 acquiring an additional 1,022 shares during the last quarter. Finally, HM Payson & Co. bought a new stake in shares of Nutrien in the 1st quarter valued at approximately $65,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Trading Up 0.3%

Shares of NYSE NTR traded up $0.19 during mid-day trading on Thursday, hitting $56.97. 2,619,228 shares of the company traded hands, compared to its average volume of 2,267,447. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The stock has a market capitalization of $27.69 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.97 and a beta of 0.77. 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 business has a 50 day moving average of $58.71 and a two-hundred day moving average of $56.05.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating 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 business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. During the same period in the prior year, the business posted $2.34 earnings per share. Nutrien's revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays boosted their price target on Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Oppenheimer upped their price objective on Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada restated an "outperform" rating on shares of Nutrien in a research note on Monday, July 14th. UBS Group lowered their price objective on Nutrien from $64.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Finally, Bank of America increased 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. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Nutrien currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.65.

Nutrien Company 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.