Hudson Value Partners LLC Sells 786 Shares of Franco-Nevada Corporation $FNV

Hudson Value Partners LLC lowered its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,732 shares of the basic materials company’s stock after selling 786 shares during the quarter. Franco-Nevada comprises approximately 1.7% of Hudson Value Partners LLC’s investment portfolio, making the stock its 23rd biggest holding. Hudson Value Partners LLC’s holdings in Franco-Nevada were worth $5,038,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FNV. SBI Securities Co. Ltd. raised its position in Franco-Nevada by 10.3% during the first quarter. SBI Securities Co. Ltd. now owns 683 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 64 shares in the last quarter. Beacon Financial Group raised its position in Franco-Nevada by 1.0% during the second quarter. Beacon Financial Group now owns 7,169 shares of the basic materials company’s stock worth $1,175,000 after acquiring an additional 72 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in Franco-Nevada by 22.7% during the second quarter. Physician Wealth Advisors Inc. now owns 513 shares of the basic materials company’s stock worth $84,000 after acquiring an additional 95 shares in the last quarter. Signaturefd LLC raised its position in Franco-Nevada by 3.1% during the second quarter. Signaturefd LLC now owns 3,292 shares of the basic materials company’s stock worth $540,000 after acquiring an additional 99 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in Franco-Nevada by 0.5% during the first quarter. Public Sector Pension Investment Board now owns 18,550 shares of the basic materials company’s stock worth $2,917,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Price Performance

NYSE:FNV opened at $222.37 on Thursday. The firm’s fifty day moving average price is $187.85 and its two-hundred day moving average price is $171.61. Franco-Nevada Corporation has a one year low of $112.70 and a one year high of $225.64. The company has a market cap of $42.85 billion, a P/E ratio of 54.64, a P/E/G ratio of 2.92 and a beta of 0.42.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.10 by $0.14. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The business had revenue of $369.40 million for the quarter, compared to the consensus estimate of $382.70 million. During the same period in the prior year, the company posted $0.75 earnings per share. Franco-Nevada’s revenue was up 42.0% compared to the same quarter last year. As a group, equities research analysts expect that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a $0.38 dividend. The ex-dividend date was Thursday, September 11th. This represents a $1.52 annualized dividend and a dividend yield of 0.7%. Franco-Nevada’s dividend payout ratio is 37.35%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FNV. TD Securities upped their price target on shares of Franco-Nevada from $182.00 to $184.00 and gave the stock a “hold” rating in a research report on Tuesday, August 12th. Scotiabank upped their price objective on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a “sector perform” rating in a report on Tuesday, August 12th. Zacks Research downgraded shares of Franco-Nevada from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Wall Street Zen upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Finally, Raymond James Financial upped their price objective on shares of Franco-Nevada from $203.00 to $218.00 and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Franco-Nevada presently has a consensus rating of “Moderate Buy” and an average price target of $194.57.

Franco-Nevada Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.