KKM Financial LLC Buys 2,045 Shares of Nutrien Ltd. (NYSE:NTR)

KKM Financial LLC boosted its stake in Nutrien Ltd. (NYSE:NTR) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,297 shares of the company’s stock after acquiring an additional 2,045 shares during the quarter. KKM Financial LLC’s holdings in Nutrien were worth $1,841,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in Nutrien in the 3rd quarter valued at $28,000. Family Firm Inc. bought a new stake in Nutrien during the 2nd quarter worth about $32,000. Trust Co. of Vermont lifted its position in Nutrien by 50.0% during the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock worth $46,000 after buying an additional 300 shares in the last quarter. Covestor Ltd lifted its position in Nutrien by 33.3% during the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after buying an additional 233 shares in the last quarter. Finally, Andra AP fonden bought a new stake in Nutrien during the 2nd quarter worth about $51,000. 63.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NTR has been the topic of several analyst reports. Mizuho cut their price target on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company cut shares of Nutrien from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $62.00 to $50.00 in a research report on Tuesday, September 24th. Scotiabank dropped their target price on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Monday, August 12th. Hsbc Global Res cut shares of Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Finally, HSBC cut shares of Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.33.

Nutrien Stock Performance

Shares of NYSE:NTR opened at $46.93 on Friday. The company’s 50 day moving average price is $48.01 and its two-hundred day moving average price is $50.18. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month high of $60.87. The firm has a market cap of $23.18 billion, a PE ratio of 31.50, a PEG ratio of 1.65 and a beta of 0.82. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the previous year, the company earned $0.35 EPS. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities research analysts predict that Nutrien Ltd. will post 3.56 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio is presently 144.97%.

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.