Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 591,906 shares of the company's stock after buying an additional 19,044 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.28% of Reynolds Consumer Products worth $15,976,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. MML Investors Services LLC raised its position in Reynolds Consumer Products by 1.3% in the third quarter. MML Investors Services LLC now owns 48,700 shares of the company's stock valued at $1,515,000 after purchasing an additional 641 shares during the period. Blue Trust Inc. raised its holdings in Reynolds Consumer Products by 115.2% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock valued at $35,000 after buying an additional 698 shares during the period. Kestra Private Wealth Services LLC raised its holdings in Reynolds Consumer Products by 5.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 16,419 shares of the company's stock valued at $443,000 after buying an additional 814 shares during the period. Venturi Wealth Management LLC lifted its position in Reynolds Consumer Products by 36.0% in the fourth quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company's stock valued at $94,000 after buying an additional 921 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in Reynolds Consumer Products during the third quarter worth about $29,000. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Barclays lowered their price target on Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus cut their price objective on Reynolds Consumer Products from $32.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Canaccord Genuity Group lowered their target price on Reynolds Consumer Products from $31.00 to $30.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Finally, UBS Group cut their price target on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Reynolds Consumer Products has a consensus rating of "Hold" and an average target price of $30.38.

Insider Activity at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 6,000 shares of the stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $24.89 per share, with a total value of $149,340.00. Following the transaction, the director now owns 16,889 shares in the company, valued at $420,367.21. The trade was a 55.10 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

Reynolds Consumer Products Stock Down 0.5 %

NASDAQ REYN traded down $0.13 during trading hours on Monday, hitting $23.54. 1,024,948 shares of the company were exchanged, compared to its average volume of 565,602. The company has a 50 day moving average of $25.30 and a two-hundred day moving average of $27.57. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 14.01 and a beta of 0.56. Reynolds Consumer Products Inc. has a 52-week low of $23.13 and a 52-week high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. Equities research analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.91%. Reynolds Consumer Products's payout ratio is currently 54.76%.

About Reynolds Consumer Products

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.