Nutrien Ltd. $NTR Stake Decreased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lessened its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 69.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,006 shares of the company's stock after selling 13,507 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Nutrien were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Nutrien by 5.2% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 12,946 shares of the company's stock valued at $754,000 after buying an additional 643 shares during the last quarter. Weatherly Asset Management L. P. raised its holdings in shares of Nutrien by 0.7% during the second quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company's stock valued at $2,280,000 after buying an additional 266 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Nutrien by 264.7% during the second quarter. Exchange Traded Concepts LLC now owns 89,587 shares of the company's stock valued at $5,218,000 after buying an additional 65,022 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Nutrien by 111.4% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 182,586 shares of the company's stock valued at $10,618,000 after buying an additional 96,200 shares during the last quarter. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of Nutrien by 75.8% during the second quarter. Bruce G. Allen Investments LLC now owns 2,052 shares of the company's stock valued at $120,000 after buying an additional 885 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Trading Up 1.0%

Nutrien stock opened at $58.76 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The firm has a market cap of $28.51 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 0.95 and a beta of 0.77. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The firm's 50 day moving average price is $57.79 and its two-hundred day moving average price is $56.71.

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

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be given a $0.545 dividend. The ex-dividend date is Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.7%. Nutrien's payout ratio is 78.14%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Raymond James Financial cut Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price target on the stock. in a report on Tuesday, June 17th. UBS Group dropped their target price on Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. TD Securities boosted their target price on Nutrien from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Oppenheimer boosted their target price on Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Wells Fargo & Company boosted their target price on Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $62.39.

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.

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