Boyce & Associates Wealth Consulting Inc. Decreases Holdings in Nutrien Ltd. (NYSE:NTR)

Boyce & Associates Wealth Consulting Inc. reduced its stake in shares of Nutrien Ltd. (NYSE:NTR) by 8.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,910 shares of the company’s stock after selling 430 shares during the period. Boyce & Associates Wealth Consulting Inc.’s holdings in Nutrien were worth $220,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NTR. Central Pacific Bank Trust Division purchased a new stake in Nutrien during the third quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Nutrien during the 2nd quarter valued at approximately $52,000. Larson Financial Group LLC boosted its holdings in Nutrien by 1,370.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock worth $77,000 after buying an additional 1,494 shares during the period. Cromwell Holdings LLC boosted its holdings in Nutrien by 113.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock worth $82,000 after buying an additional 900 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Nutrien by 56.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock valued at $86,000 after acquiring an additional 605 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NTR stock opened at $48.46 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $60.87. The firm has a market cap of $23.86 billion, a P/E ratio of 32.52, a P/E/G ratio of 1.73 and a beta of 0.81. The business’s 50 day moving average price is $46.87 and its 200-day moving average price is $47.85.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the prior year, the company posted $0.35 EPS. The firm’s revenue was down 5.0% on a year-over-year basis. On average, equities research analysts anticipate that Nutrien Ltd. will post 3.5 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This represents a $3.76 annualized dividend and a dividend yield of 7.75%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 144.97%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NTR. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. TD Securities decreased their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Oppenheimer assumed coverage on shares of Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective for the company. Wells Fargo & Company lowered shares of Nutrien from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $62.00 to $50.00 in a report on Tuesday, September 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price target on shares of Nutrien in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.05.

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.