TD Private Client Wealth LLC Grows Holdings in Nutrien Ltd. (NYSE:NTR)

TD Private Client Wealth LLC grew its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 16.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,614 shares of the company's stock after purchasing an additional 6,988 shares during the quarter. TD Private Client Wealth LLC's holdings in Nutrien were worth $2,512,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NTR. Envestnet Asset Management Inc. lifted its holdings in Nutrien by 27.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 222,727 shares of the company's stock valued at $11,060,000 after buying an additional 48,464 shares in the last quarter. Minneapolis Portfolio Management Group LLC raised its stake in shares of Nutrien by 0.3% during the first quarter. Minneapolis Portfolio Management Group LLC now owns 368,065 shares of the company's stock valued at $18,282,000 after acquiring an additional 1,117 shares in the last quarter. HM Payson & Co. bought a new stake in shares of Nutrien during the first quarter valued at approximately $65,000. Bank of New York Mellon Corp boosted its holdings in shares of Nutrien by 9.4% in the first quarter. Bank of New York Mellon Corp now owns 499,678 shares of the company's stock valued at $24,819,000 after purchasing an additional 42,810 shares during the period. Finally, World Investment Advisors bought a new position in Nutrien in the first quarter worth approximately $209,000. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NTR has been the subject of a number of research analyst reports. TD Securities lifted their target price on Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Morgan Stanley upped their price objective on shares of Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Bank of America increased their target price on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Raymond James Financial cut shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price target for the company. in a research report on Tuesday, June 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $62.29.

Nutrien Trading Up 1.0%

Nutrien stock opened at $60.75 on Tuesday. The stock has a 50-day moving average of $59.05 and a two-hundred day moving average of $53.49. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. Nutrien Ltd. has a one year low of $43.70 and a one year high of $65.08. The stock has a market cap of $29.59 billion, a PE ratio of 56.78, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80.

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

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is presently 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.

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