Thomson Reuters Co. (NYSE:TRI) Shares Sold by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services cut its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,163 shares of the business services provider's stock after selling 1,682 shares during the quarter. Thomson Reuters comprises approximately 1.4% of First National Bank of Mount Dora Trust Investment Services' investment portfolio, making the stock its 24th biggest position. First National Bank of Mount Dora Trust Investment Services' holdings in Thomson Reuters were worth $6,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRI. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters during the fourth quarter worth about $26,000. Asset Dedication LLC grew its position in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock valued at $40,000 after acquiring an additional 130 shares in the last quarter. Clean Yield Group purchased a new position in shares of Thomson Reuters in the third quarter valued at approximately $42,000. Ashton Thomas Securities LLC acquired a new position in shares of Thomson Reuters in the third quarter valued at approximately $47,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Thomson Reuters by 104.4% in the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider's stock valued at $56,000 after purchasing an additional 167 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on TRI shares. Scotiabank boosted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, November 6th. StockNews.com raised Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Wednesday, January 8th. CIBC increased their price target on Thomson Reuters from $164.00 to $165.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Royal Bank of Canada boosted their price objective on Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company started coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They issued an "equal weight" rating and a $165.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $176.10.

Thomson Reuters Stock Up 0.8 %

Shares of NYSE TRI traded up $1.22 during mid-day trading on Friday, reaching $159.37. The company had a trading volume of 206,689 shares, compared to its average volume of 177,189. The firm has a 50 day simple moving average of $163.04 and a two-hundred day simple moving average of $165.37. Thomson Reuters Co. has a 52-week low of $148.08 and a 52-week high of $176.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a market cap of $71.71 billion, a P/E ratio of 31.37, a PEG ratio of 4.89 and a beta of 0.72.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Sell-side analysts predict that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were issued a $0.54 dividend. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, November 21st. Thomson Reuters's dividend payout ratio is presently 42.52%.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.