Pacer Advisors Inc. lessened its position in shares of Brunswick Corporation (NYSE:BC – Free Report) by 12.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 320,484 shares of the company’s stock after selling 44,172 shares during the period. Pacer Advisors Inc.’s holdings in Brunswick were worth $23,793,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in Brunswick by 2.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,572,892 shares of the company’s stock valued at $265,252,000 after acquiring an additional 78,228 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Brunswick by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,848,415 shares of the company’s stock worth $211,469,000 after acquiring an additional 98,972 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Brunswick by 56.4% in the third quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock valued at $145,637,000 after purchasing an additional 830,451 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Brunswick by 30.6% in the fourth quarter. Marshall Wace LLP now owns 1,921,479 shares of the company’s stock valued at $142,651,000 after purchasing an additional 449,943 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its position in shares of Brunswick by 0.8% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,866,872 shares of the company’s stock valued at $138,597,000 after purchasing an additional 14,822 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
Brunswick Stock Down 0.2%
BC stock opened at $83.41 on Friday. The company has a 50 day moving average price of $80.39 and a two-hundred day moving average price of $79.19. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.62 and a current ratio of 1.38. The stock has a market capitalization of $5.42 billion, a P/E ratio of -39.72 and a beta of 1.33. Brunswick Corporation has a one year low of $54.19 and a one year high of $90.25.
Brunswick Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, May 18th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, May 18th. Brunswick’s dividend payout ratio is presently -83.81%.
Insiders Place Their Bets
In related news, CEO David M. Foulkes sold 25,853 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $83.12, for a total transaction of $2,148,901.36. Following the transaction, the chief executive officer directly owned 267,528 shares in the company, valued at approximately $22,236,927.36. This represents a 8.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.99% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently issued reports on BC. Morgan Stanley upped their target price on Brunswick from $82.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. JPMorgan Chase & Co. upped their price objective on Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. DA Davidson reaffirmed a “neutral” rating and set a $76.00 price objective on shares of Brunswick in a research note on Monday, May 18th. Wall Street Zen cut Brunswick from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Texas Capital raised shares of Brunswick from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.00.
Read Our Latest Research Report on Brunswick
Brunswick Profile
Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.
Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.
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