State of Wyoming Sells 1,341 Shares of Thomson Reuters Co. (NYSE:TRI)

State of Wyoming lowered its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 54.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,117 shares of the business services provider's stock after selling 1,341 shares during the period. State of Wyoming's holdings in Thomson Reuters were worth $179,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Strategic Investment Advisors MI lifted its stake in Thomson Reuters by 2.7% in the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock valued at $372,000 after acquiring an additional 62 shares during the last quarter. NewSquare Capital LLC grew its stake in Thomson Reuters by 1.5% in the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock valued at $695,000 after buying an additional 62 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Thomson Reuters by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider's stock worth $192,000 after purchasing an additional 64 shares during the period. Addison Advisors LLC increased its position in Thomson Reuters by 5.7% during the 4th quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock worth $204,000 after buying an additional 68 shares during the period. Finally, Cookson Peirce & Co. Inc. boosted its holdings in Thomson Reuters by 2.1% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,810 shares of the business services provider's stock valued at $611,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TRI shares. The Goldman Sachs Group raised their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a report on Friday, February 7th. CIBC boosted their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. TD Securities increased their target price on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Bank of America started coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Thomson Reuters currently has a consensus rating of "Hold" and a consensus price target of $183.70.

Thomson Reuters Trading Up 0.4%

Shares of TRI traded up $0.86 during mid-day trading on Friday, hitting $197.25. 117,757 shares of the company's stock traded hands, compared to its average volume of 429,152. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $88.86 billion, a P/E ratio of 40.35, a PEG ratio of 5.67 and a beta of 0.75. The business's 50-day moving average price is $181.56 and its 200-day moving average price is $172.33. Thomson Reuters Co. has a 1 year low of $150.01 and a 1 year high of $198.05.

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

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.595 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.21%. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

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.