Tyler Stone Wealth Management Acquires 12,485 Shares of Nutrien Ltd. (NYSE:NTR)

Tyler Stone Wealth Management lifted its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 128.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,170 shares of the company's stock after buying an additional 12,485 shares during the quarter. Tyler Stone Wealth Management's holdings in Nutrien were worth $1,065,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new stake in Nutrien in the 3rd quarter worth $28,000. Family Firm Inc. purchased a new stake in Nutrien in the 2nd quarter worth $32,000. Trust Co. of Vermont lifted its stake in Nutrien by 50.0% in the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company's stock worth $46,000 after purchasing an additional 300 shares in the last quarter. Covestor Ltd lifted its stake in Nutrien by 33.3% in the 1st quarter. Covestor Ltd now owns 932 shares of the company's stock worth $50,000 after purchasing an additional 233 shares in the last quarter. Finally, Andra AP fonden purchased a new stake in Nutrien in the 2nd quarter worth $51,000. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Trading Down 1.3 %

Shares of NYSE NTR traded down $0.62 during mid-day trading on Friday, reaching $48.32. The company had a trading volume of 2,325,769 shares, compared to its average volume of 2,094,178. The business's 50-day moving average is $47.98 and its 200-day moving average is $50.60. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The stock has a market cap of $23.86 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities analysts expect that Nutrien Ltd. will post 3.82 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This represents a $3.76 annualized dividend and a yield of 7.77%. This is a boost from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nutrien's dividend payout ratio is presently 144.97%.

Analyst Upgrades and Downgrades

NTR has been the topic of several research analyst reports. Scotiabank decreased their price target on shares of Nutrien from $66.00 to $59.00 and set a "sector outperform" rating on the stock in a research note on Monday, August 12th. Hsbc Global Res cut shares of Nutrien from a "hold" rating to a "moderate sell" rating in a research report on Friday, August 2nd. Royal Bank of Canada restated an "outperform" rating and set a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th. TD Securities decreased their target price on shares of Nutrien from $64.00 to $63.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, UBS Group cut shares of Nutrien from a "buy" rating to a "neutral" rating and decreased their target price for the company from $66.00 to $51.00 in a research 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's stock. Based on data from MarketBeat.com, Nutrien has an average rating of "Hold" and a consensus price target of $60.44.

Nutrien Profile

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.