Mitchell & Pahl Private Wealth LLC Sells 233 Shares of Nutrien Ltd. (NYSE:NTR)

Mitchell & Pahl Private Wealth LLC decreased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,303 shares of the company’s stock after selling 233 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Nutrien were worth $611,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NTR. Exchange Traded Concepts LLC boosted its stake in Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 416 shares in the last quarter. HHM Wealth Advisors LLC grew its holdings in shares of Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after buying an additional 480 shares during the last quarter. Brown Lisle Cummings Inc. increased its position in shares of Nutrien by 77.2% during the fourth quarter. Brown Lisle Cummings Inc. now owns 16,618 shares of the company’s stock valued at $744,000 after acquiring an additional 7,240 shares in the last quarter. ARGA Investment Management LP raised its holdings in Nutrien by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock worth $270,396,000 after acquiring an additional 1,236,671 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in Nutrien by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 16,776 shares of the company’s stock worth $751,000 after acquiring an additional 855 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Price Performance

Shares of Nutrien stock opened at $59.05 on Monday. The stock’s fifty day moving average is $54.14 and its 200 day moving average is $51.05. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock has a market cap of $28.83 billion, a P/E ratio of 43.10, a P/E/G ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Nutrien’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. Sell-side analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien’s dividend payout ratio (DPR) is presently 203.74%.

Analyst Ratings Changes

NTR has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. BNP Paribas raised Nutrien to a “strong-buy” rating in a research report on Wednesday, April 9th. Royal Bank of Canada lifted their price objective on Nutrien from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, May 12th. TD Securities upped their target price on shares of Nutrien from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Finally, CIBC boosted their price objective on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Nutrien has a consensus rating of “Hold” and a consensus price target of $61.44.

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.