Prospera Financial Services Inc Cuts Position in Nutrien Ltd. (NYSE:NTR)

Prospera Financial Services Inc trimmed its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 52.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,891 shares of the company's stock after selling 15,589 shares during the period. Prospera Financial Services Inc's holdings in Nutrien were worth $668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NTR. Central Pacific Bank Trust Division acquired a new stake in Nutrien in the 3rd quarter worth approximately $28,000. Family Firm Inc. purchased a new position in shares of Nutrien in the second quarter worth about $32,000. Trust Co. of Vermont boosted its position in Nutrien by 50.0% in the second quarter. Trust Co. of Vermont now owns 900 shares of the company's stock valued at $46,000 after buying an additional 300 shares during the last quarter. Andra AP fonden acquired a new position in Nutrien in the 2nd quarter worth approximately $51,000. Finally, Oakworth Capital Inc. purchased a new position in Nutrien during the 2nd quarter worth approximately $52,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Trading Up 0.1 %

Shares of NYSE NTR traded up $0.06 during trading on Friday, reaching $46.93. The stock had a trading volume of 1,403,974 shares, compared to its average volume of 2,320,350. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company has a market cap of $23.18 billion, a P/E ratio of 31.50, a PEG ratio of 1.65 and a beta of 0.82. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The business's 50-day moving average price is $48.01 and its 200-day moving average price is $50.15.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion for the quarter, compared to analysts' expectations of $5.26 billion. During the same quarter last year, the company earned $0.35 earnings per share. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities research analysts predict that Nutrien Ltd. will post 3.56 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a $0.939 dividend. This represents a $3.76 annualized dividend and a yield of 8.00%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Nutrien's previous quarterly dividend of $0.54. Nutrien's dividend payout ratio (DPR) is currently 144.97%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. The Goldman Sachs Group lowered Nutrien from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. BMO Capital Markets decreased their price objective on Nutrien from $80.00 to $75.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. HSBC lowered Nutrien from a "hold" rating to a "reduce" rating in a research report on Friday, August 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a research report on Friday, September 20th. Finally, UBS Group lowered Nutrien from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Nutrien presently has an average rating of "Hold" and a consensus price target of $60.33.

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.