Nutrien Ltd. (NYSE:NTR) Stock Position Lessened by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd reduced its stake in shares of Nutrien Ltd. (NYSE:NTR) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,144 shares of the company’s stock after selling 3,554 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Nutrien were worth $3,774,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Blume Capital Management Inc. raised its position in shares of Nutrien by 0.7% during the 1st quarter. Blume Capital Management Inc. now owns 31,796 shares of the company’s stock worth $1,579,000 after buying an additional 220 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Nutrien by 2.9% during the fourth quarter. Tidal Investments LLC now owns 10,262 shares of the company’s stock valued at $459,000 after acquiring an additional 293 shares during the period. PKO Investment Management Joint Stock Co raised its holdings in Nutrien by 2.5% during the first quarter. PKO Investment Management Joint Stock Co now owns 16,296 shares of the company’s stock worth $811,000 after purchasing an additional 400 shares in the last quarter. Allworth Financial LP lifted its position in Nutrien by 117.1% in the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares during the period. Finally, Cadence Wealth Management LLC lifted its position in Nutrien by 4.1% in the first quarter. Cadence Wealth Management LLC now owns 12,873 shares of the company’s stock worth $639,000 after purchasing an additional 511 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of NTR opened at $60.09 on Monday. The company has a market capitalization of $29.27 billion, a PE ratio of 56.16, a PEG ratio of 1.09 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. The company’s 50 day moving average price is $60.04 and its 200 day moving average price is $54.91. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The company’s revenue was down 5.4% on a year-over-year basis. Research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.63%. The ex-dividend date was Monday, June 30th. Nutrien’s payout ratio is currently 203.74%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NTR shares. BNP Paribas upgraded Nutrien to a “strong-buy” rating in a research report on Wednesday, April 9th. Berenberg Bank lifted their target price on Nutrien from $54.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, April 15th. The Goldman Sachs Group upped their price target on shares of Nutrien from $53.00 to $59.00 and gave the company a “sell” rating in a report on Friday, May 9th. Bank of America lifted their price objective on shares of Nutrien from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Finally, TD Securities increased their target price on shares of Nutrien from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.22.

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.