Johnson Financial Group Inc. Has $124,000 Stock Holdings in Newmont Co. (NYSE:NEM)

Johnson Financial Group Inc. trimmed its holdings in Newmont Co. (NYSE:NEM - Free Report) by 74.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,337 shares of the basic materials company's stock after selling 9,728 shares during the period. Johnson Financial Group Inc.'s holdings in Newmont were worth $124,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. HHM Wealth Advisors LLC raised its position in shares of Newmont by 66.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 350 shares in the last quarter. Redwood Park Advisors LLC acquired a new position in shares of Newmont during the fourth quarter valued at $37,000. Promus Capital LLC bought a new position in shares of Newmont during the fourth quarter worth about $38,000. McIlrath & Eck LLC increased its holdings in shares of Newmont by 80.6% in the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after acquiring an additional 361 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in Newmont during the 4th quarter valued at about $43,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Trading Down 0.5 %

NYSE:NEM traded down $0.27 during trading hours on Wednesday, hitting $52.69. 7,640,696 shares of the stock were exchanged, compared to its average volume of 9,853,254. The company's 50 day moving average is $48.12 and its two-hundred day moving average is $45.12. The company has a market capitalization of $59.40 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. Newmont Co. has a twelve month low of $36.86 and a twelve month high of $58.72. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30.

Newmont (NYSE:NEM - Get Free Report) last released 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. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The business had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $4.82 billion. During the same quarter in the previous year, the business posted $0.55 EPS. On average, sell-side analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on NEM. Raymond James reissued an "outperform" rating and set a $66.00 target price on shares of Newmont in a research note on Friday, April 25th. Royal Bank of Canada upped their price target on shares of Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a research note on Friday, April 4th. The Goldman Sachs Group began coverage on shares of Newmont in a research note on Monday, January 13th. They issued a "buy" rating and a $47.20 price target for the company. Argus set a $63.00 price target on shares of Newmont in a research note on Friday, April 25th. Finally, TD Securities reduced their price target on shares of Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $55.63.

Insider Activity

In other Newmont news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $128,670.00. Following the sale, the executive vice president now owns 79,596 shares in the company, valued at approximately $3,413,872.44. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $89,082.53. Following the transaction, the director now directly owns 49,993 shares in the company, valued at $2,144,199.77. This trade represents a 3.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,154 shares of company stock worth $825,678 in the last 90 days. Corporate insiders own 0.05% of the company's stock.

Newmont Company 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.