Impact Partnership Wealth LLC Increases Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Impact Partnership Wealth LLC increased its position in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 19.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,850 shares of the company’s stock after buying an additional 1,617 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Reynolds Consumer Products were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of REYN. True Wealth Design LLC bought a new stake in shares of Reynolds Consumer Products in the 3rd quarter worth approximately $29,000. Eagle Bay Advisors LLC bought a new stake in Reynolds Consumer Products in the fourth quarter worth $40,000. Capital Performance Advisors LLP bought a new stake in shares of Reynolds Consumer Products in the 3rd quarter valued at about $70,000. Abich Financial Wealth Management LLC lifted its position in Reynolds Consumer Products by 21.3% in the third quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock valued at $73,000 after purchasing an additional 414 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Reynolds Consumer Products by 93.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock valued at $80,000 after buying an additional 1,239 shares during the period. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Helen Golding purchased 1,190 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of $27.58 per share, for a total transaction of $32,820.20. Following the completion of the acquisition, the director now directly owns 1,190 shares in the company, valued at $32,820.20. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rolf Stangl bought 3,682 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $27.50 per share, for a total transaction of $101,255.00. Following the completion of the purchase, the director now owns 10,889 shares in the company, valued at approximately $299,447.50. The trade was a 51.09 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 12,079 shares of company stock valued at $330,466. 0.20% of the stock is currently owned by corporate insiders.

Reynolds Consumer Products Stock Down 0.5 %

Shares of Reynolds Consumer Products stock opened at $27.50 on Friday. Reynolds Consumer Products Inc. has a 1 year low of $25.88 and a 1 year high of $32.65. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 15.71 and a beta of 0.50. The company has a 50-day moving average of $27.33 and a 200 day moving average of $28.76. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89.

Reynolds Consumer Products (NASDAQ:REYN) last announced its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $910.00 million for the quarter, compared to the consensus estimate of $902.88 million. Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. Reynolds Consumer Products’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. As a group, sell-side analysts anticipate that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group reduced their price target on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays reduced their price objective on shares of Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. cut their target price on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $30.86.

Reynolds Consumer Products Profile

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.