2 weeks Ago By ABMN Staff
Legal & General Group Plc trimmed its holdings in shares of Reynolds Consumer Products Inc. ( NASDAQ:REYN – Free Report ) by 12.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 61,290 shares of the company’s stock after selling 8,817 shares during the period. Legal & General Group Plc’s holdings in Reynolds Consumer Products were worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors have also added to or reduced their stakes in the business.
Isthmus Partners LLC lifted its position in shares of Reynolds Consumer Products by 0.6% in the 4th quarter. Isthmus Partners LLC now owns 87,307 shares of the company’s stock worth $2,356,000 after purchasing an additional 533 shares during the period.
Envestnet Portfolio Solutions Inc. lifted its holdings in Reynolds Consumer Products by 4.4% during the fourth quarter.
Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company’s stock worth $363,000 after buying an additional 566 shares during the period. Blue Trust Inc.
boosted its position in Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc.
now owns 1,304 shares of the company’s stock valued at $35,000 after acquiring an additional 698 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Reynolds Consumer Products by 5.2% in the 4th quarter.
Kestra Private Wealth Services LLC now owns 16,419 shares of the company’s stock valued at $443,000 after acquiring an additional 814 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Reynolds Consumer Products by 0.7% in the 4th quarter.
Swiss National Bank now owns 124,000 shares of the company’s stock valued at $3,347,000 after acquiring an additional 900 shares during the period. Hedge funds and other institutional investors own 26.81% of the company’s stock.
Analyst Ratings Changes REYN has been the topic of a number of recent research reports. Barclays dropped their price objective on Reynolds Consumer Products from $27.00 to $25.
00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price objective on shares of Reynolds Consumer Products in a research report on Monday, February 3rd.
Stifel Nicolaus decreased their target price on shares of Reynolds Consumer Products from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, April 10th.
Evercore ISI cut their price target on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th.
Finally, UBS Group decreased their price objective on Reynolds Consumer Products from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 17th.
Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.
78. Reynolds Consumer Products Price Performance Shares of REYN opened at $23.22 on Friday.
The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.
99. The company’s fifty day moving average price is $23.78 and its 200-day moving average price is $26.
22. Reynolds Consumer Products Inc. has a 1-year low of $21.
90 and a 1-year high of $32.65. The firm has a market capitalization of $4.
88 billion, a PE ratio of 13.82 and a beta of 0.64.
Reynolds Consumer Products ( NASDAQ:REYN – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.
58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.
56%. On average, equities research analysts predict that Reynolds Consumer Products Inc. will post 1.
66 EPS for the current year. Reynolds Consumer Products Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.
23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.
96%. The ex-dividend date is Friday, May 16th. Reynolds Consumer Products’s dividend payout ratio is presently 54.
76%. Insider Buying and Selling at Reynolds Consumer Products In other Reynolds Consumer Products news, Director Rolf Stangl bought 6,000 shares of Reynolds Consumer Products stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of $24.
89 per share, with a total value of $149,340.00. Following the completion of the acquisition, the director now directly owns 16,889 shares in the company, valued at approximately $420,367.
21. This trade represents a 55.10 % increase in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Company insiders own 0.15% of the company’s stock.
Reynolds Consumer Products Company Profile ( Free Report ) Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.
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