Thomson Reuters Co. (NYSE:TRI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 48.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,298 shares of the business services provider's stock after selling 7,847 shares during the quarter. Wellington Management Group LLP's holdings in Thomson Reuters were worth $1,332,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRI. NewSquare Capital LLC lifted its stake in shares of Thomson Reuters by 1.5% in the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock worth $695,000 after acquiring an additional 62 shares during the period. Addison Advisors LLC raised its holdings in Thomson Reuters by 5.7% during the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock worth $204,000 after purchasing an additional 68 shares in the last quarter. Cookson Peirce & Co. Inc. raised its holdings in Thomson Reuters by 2.1% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 3,810 shares of the business services provider's stock worth $611,000 after purchasing an additional 78 shares in the last quarter. Atria Investments Inc lifted its position in Thomson Reuters by 2.1% in the fourth quarter. Atria Investments Inc now owns 4,577 shares of the business services provider's stock valued at $734,000 after purchasing an additional 93 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Thomson Reuters by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 11,349 shares of the business services provider's stock valued at $1,821,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Price Performance

NYSE TRI traded down $0.61 during trading hours on Tuesday, reaching $192.05. The company's stock had a trading volume of 473,785 shares, compared to its average volume of 435,543. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The company's 50-day moving average is $185.04 and its two-hundred day moving average is $174.15. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $199.11. The stock has a market cap of $86.51 billion, a PE ratio of 39.27, a PEG ratio of 5.67 and a beta of 0.77.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 EPS. Analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.24%. Thomson Reuters's dividend payout ratio is presently 49.69%.

Wall Street Analyst Weigh In

Several analysts have recently commented on TRI shares. Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Bank of America started coverage on Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective for the company. Royal Bank of Canada boosted their target price on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Scotiabank reiterated a "sector perform" rating and issued a $188.00 price target on shares of Thomson Reuters in a report on Friday, May 2nd. Finally, TD Securities raised their price objective on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. One 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $183.70.

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.