Tyler Stone Wealth Management Grows Holdings in Nutrien Ltd. (NYSE:NTR)

Tyler Stone Wealth Management grew its holdings in Nutrien Ltd. (NYSE:NTR) by 24.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,640 shares of the company’s stock after buying an additional 5,470 shares during the quarter. Tyler Stone Wealth Management’s holdings in Nutrien were worth $1,237,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Uncommon Cents Investing LLC raised its position in Nutrien by 2.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after purchasing an additional 235 shares during the period. Rhumbline Advisers raised its position in Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after purchasing an additional 247 shares during the period. FFT Wealth Management LLC lifted its stake in Nutrien by 0.9% during the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock worth $1,330,000 after acquiring an additional 277 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Nutrien by 23.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company’s stock valued at $81,000 after purchasing an additional 348 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its position in shares of Nutrien by 3.3% during the third quarter. Kingsview Wealth Management LLC now owns 11,317 shares of the company’s stock worth $544,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NTR. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Monday, February 24th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Mizuho boosted their price objective on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Oppenheimer initiated coverage on Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Nutrien in a research report on Thursday, March 13th. They set a “sell” rating and a $53.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and a consensus target price of $60.13.

Nutrien Stock Performance

Shares of NTR opened at $50.19 on Wednesday. Nutrien Ltd. has a 52-week low of $43.70 and a 52-week high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm has a market cap of $24.56 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 1.19 and a beta of 0.81. The business’s 50 day moving average is $51.67 and its two-hundred day moving average is $48.91.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is presently 159.12%.

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.