Compass Wealth Management LLC Purchases 22,513 Shares of The Scotts Miracle-Gro Company $SMG

Compass Wealth Management LLC grew its position in The Scotts Miracle-Gro Company (NYSE:SMG) by 23.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,234 shares of the basic materials company’s stock after purchasing an additional 22,513 shares during the period. Scotts Miracle-Gro makes up approximately 1.7% of Compass Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Compass Wealth Management LLC’s holdings in Scotts Miracle-Gro were worth $6,899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SMG. Captrust Financial Advisors raised its holdings in Scotts Miracle-Gro by 12,034.5% during the second quarter. Captrust Financial Advisors now owns 1,008,623 shares of the basic materials company’s stock worth $66,529,000 after acquiring an additional 1,000,311 shares in the last quarter. AQR Capital Management LLC increased its position in Scotts Miracle-Gro by 458.7% during the second quarter. AQR Capital Management LLC now owns 822,743 shares of the basic materials company’s stock worth $54,268,000 after buying an additional 675,493 shares during the last quarter. Brandes Investment Partners LP increased its position in Scotts Miracle-Gro by 362.8% during the fourth quarter. Brandes Investment Partners LP now owns 737,546 shares of the basic materials company’s stock worth $43,036,000 after buying an additional 578,174 shares during the last quarter. Norges Bank acquired a new position in Scotts Miracle-Gro during the fourth quarter worth approximately $32,595,000. Finally, Ameriprise Financial Inc. increased its position in Scotts Miracle-Gro by 163.0% during the second quarter. Ameriprise Financial Inc. now owns 899,690 shares of the basic materials company’s stock worth $59,344,000 after buying an additional 557,647 shares during the last quarter. Institutional investors own 74.07% of the company’s stock.

Scotts Miracle-Gro Trading Down 0.1%

Scotts Miracle-Gro stock opened at $59.55 on Thursday. The Scotts Miracle-Gro Company has a 12 month low of $52.00 and a 12 month high of $72.35. The stock’s 50 day moving average is $61.14 and its 200-day moving average is $61.77. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 33.27 and a beta of 1.84.

Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $4.53 EPS for the quarter, beating the consensus estimate of $3.97 by $0.56. Scotts Miracle-Gro had a negative return on equity of 79.61% and a net margin of 3.27%.The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the business earned $3.98 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that The Scotts Miracle-Gro Company will post 4.36 earnings per share for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a $0.66 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.64 annualized dividend and a dividend yield of 4.4%. Scotts Miracle-Gro’s dividend payout ratio is presently 147.49%.

Analyst Upgrades and Downgrades

SMG has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $79.00 price target on shares of Scotts Miracle-Gro in a research report on Wednesday, April 29th. UBS Group reissued a “neutral” rating and set a $63.00 price target on shares of Scotts Miracle-Gro in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. downgraded Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $70.00 to $67.00 in a research report on Thursday, March 26th. Stifel Nicolaus lowered their price target on Scotts Miracle-Gro from $76.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Scotts Miracle-Gro in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.67.

Scotts Miracle-Gro Profile

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.