First National Bank of Mount Dora Trust Investment Services Lowers Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

First National Bank of Mount Dora Trust Investment Services trimmed its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 15.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,845 shares of the business services provider's stock after selling 7,246 shares during the period. Thomson Reuters makes up about 1.5% of First National Bank of Mount Dora Trust Investment Services' holdings, making the stock its 21st largest holding. First National Bank of Mount Dora Trust Investment Services' holdings in Thomson Reuters were worth $6,798,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its stake in Thomson Reuters by 3.0% during the second quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider's stock worth $385,000 after purchasing an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Thomson Reuters by 1.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider's stock valued at $1,252,000 after acquiring an additional 74 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Thomson Reuters by 4.8% in the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider's stock valued at $277,000 after acquiring an additional 75 shares in the last quarter. Avitas Wealth Management LLC raised its stake in shares of Thomson Reuters by 0.4% in the second quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider's stock valued at $3,508,000 after acquiring an additional 79 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Thomson Reuters by 76.9% in the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider's stock valued at $28,000 after acquiring an additional 80 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

NYSE:TRI traded up $0.24 during mid-day trading on Monday, reaching $165.02. The stock had a trading volume of 330,654 shares, compared to its average volume of 352,794. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $74.24 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 5.51 and a beta of 0.73. Thomson Reuters Co. has a twelve month low of $127.15 and a twelve month high of $176.03. The business has a 50 day simple moving average of $168.79 and a 200 day simple moving average of $166.46.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.03. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The firm's revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. On average, analysts expect that Thomson Reuters Co. will post 3.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TRI. Royal Bank of Canada increased their price objective on Thomson Reuters from $168.00 to $171.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 23rd. National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. Scotiabank raised Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $164.00 to $182.00 in a report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. raised their price target on Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $175.56.

About Thomson Reuters

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.