KKM Financial LLC Has $1.84 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

KKM Financial LLC increased its position in shares of Nutrien Ltd. (NYSE:NTR) by 5.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 38,297 shares of the company’s stock after purchasing an additional 2,045 shares during the period. KKM Financial LLC’s holdings in Nutrien were worth $1,841,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in shares of Nutrien during the 3rd quarter worth approximately $28,000. Family Firm Inc. acquired a new stake in shares of Nutrien during the 2nd quarter worth approximately $32,000. Trust Co. of Vermont boosted its position in shares of Nutrien by 50.0% during the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares in the last quarter. Covestor Ltd boosted its position in shares of Nutrien by 33.3% during the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after acquiring an additional 233 shares in the last quarter. Finally, Andra AP fonden bought a new position in Nutrien in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Up 0.1 %

NTR opened at $46.93 on Friday. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average of $48.01 and a 200-day moving average of $50.18. The stock has a market cap of $23.18 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 1.65 and a beta of 0.82.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter last year, the company earned $0.35 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, sell-side analysts predict that Nutrien Ltd. will post 3.56 EPS for the current year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.939 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a dividend yield of 8.00%. Nutrien’s dividend payout ratio is 144.97%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. Barclays dropped their price objective on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 16th. Mizuho dropped their price objective on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research note on Friday, September 20th. Finally, BMO Capital Markets dropped their price objective on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.33.

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.