Alpha Omega Wealth Management LLC Sells 182 Shares of Constellation Brands, Inc. (NYSE:STZ)

Alpha Omega Wealth Management LLC lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,374 shares of the company’s stock after selling 182 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Constellation Brands were worth $3,619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Grimes & Company Inc. purchased a new position in Constellation Brands during the fourth quarter worth about $6,099,000. Paloma Partners Management Co boosted its stake in shares of Constellation Brands by 568.4% in the 3rd quarter. Paloma Partners Management Co now owns 30,000 shares of the company’s stock worth $7,731,000 after buying an additional 25,512 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Constellation Brands by 3.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 84,204 shares of the company’s stock valued at $21,699,000 after acquiring an additional 2,980 shares in the last quarter. Empowered Funds LLC lifted its holdings in Constellation Brands by 318.8% during the third quarter. Empowered Funds LLC now owns 10,184 shares of the company’s stock worth $2,624,000 after acquiring an additional 7,752 shares during the period. Finally, WealthPlan Investment Management LLC boosted its position in Constellation Brands by 29.5% in the third quarter. WealthPlan Investment Management LLC now owns 30,160 shares of the company’s stock worth $7,772,000 after purchasing an additional 6,867 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Price Performance

Constellation Brands stock opened at $180.87 on Friday. The stock has a market cap of $32.69 billion, a price-to-earnings ratio of 48.62, a PEG ratio of 1.60 and a beta of 0.91. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The business has a 50-day simple moving average of $215.42 and a 200 day simple moving average of $233.96. Constellation Brands, Inc. has a 52 week low of $176.51 and a 52 week high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.19 EPS. On average, research analysts forecast that Constellation Brands, Inc. will post 13.52 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is currently 108.60%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP James A. Jr. Sabia sold 36,086 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the transaction, the executive vice president now directly owns 16,042 shares in the company, valued at approximately $3,898,045.58. This represents a 69.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,746 shares of company stock valued at $15,017,097. Insiders own 12.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on STZ. BMO Capital Markets decreased their price objective on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. UBS Group decreased their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. BNP Paribas initiated coverage on Constellation Brands in a research note on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective on the stock. Bank of America reissued a “neutral” rating and issued a $255.00 target price (down from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $257.14.

Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.