Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 2,026,721 Newmont Co. (NYSE:NEM)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Newmont Co. (NYSE:NEM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,026,721 shares of the basic materials company's stock, valued at approximately $75,435,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.18% of Newmont at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC lifted its position in shares of Newmont by 66.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock worth $33,000 after purchasing an additional 350 shares in the last quarter. Redwood Park Advisors LLC bought a new stake in shares of Newmont in the fourth quarter worth $37,000. Promus Capital LLC bought a new stake in shares of Newmont in the fourth quarter worth $38,000. Kestra Investment Management LLC bought a new stake in shares of Newmont in the fourth quarter worth $43,000. Finally, Assetmark Inc. increased its stake in shares of Newmont by 185.9% in the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock worth $47,000 after buying an additional 820 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Price Performance

NYSE NEM traded down $0.31 during trading on Thursday, reaching $52.54. The company's stock had a trading volume of 9,172,192 shares, compared to its average volume of 10,121,058. Newmont Co. has a one year low of $36.86 and a one year high of $58.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The stock has a market capitalization of $58.47 billion, a PE ratio of 17.93, a P/E/G ratio of 0.41 and a beta of 0.31. The firm has a fifty day moving average of $51.29 and a 200 day moving average of $45.38.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.54. The firm had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $4.82 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. During the same quarter last year, the company posted $0.55 EPS. Analysts expect that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. Newmont's dividend payout ratio (DPR) is currently 22.42%.

Insider Activity at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the completion of the sale, the executive vice president now directly owns 86,526 shares in the company, valued at approximately $3,782,051.46. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $51.48, for a total transaction of $106,923.96. Following the transaction, the director now directly owns 47,257 shares in the company, valued at $2,432,790.36. This represents a 4.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,154 shares of company stock valued at $328,840 in the last three months. Company insiders own 0.05% of the company's stock.

Analysts Set New Price Targets

NEM has been the topic of a number of research reports. Wall Street Zen cut Newmont from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. TD Securities dropped their price objective on shares of Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. Cfra Research upgraded shares of Newmont to a "strong-buy" rating in a research report on Friday, April 25th. National Bankshares reiterated a "sector perform" rating on shares of Newmont in a research report on Wednesday, April 23rd. Finally, Argus set a $63.00 price objective on shares of Newmont in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Newmont has a consensus rating of "Moderate Buy" and a consensus price target of $56.52.

Newmont Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.