Venturi Wealth Management LLC Acquires 921 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Venturi Wealth Management LLC raised its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 36.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,482 shares of the company’s stock after purchasing an additional 921 shares during the period. Venturi Wealth Management LLC’s holdings in Reynolds Consumer Products were worth $94,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC bought a new position in Reynolds Consumer Products in the 3rd quarter worth approximately $29,000. Blue Trust Inc. lifted its holdings in shares of Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock worth $35,000 after acquiring an additional 698 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of Reynolds Consumer Products during the 4th quarter valued at about $40,000. Capital Performance Advisors LLP bought a new stake in Reynolds Consumer Products in the third quarter valued at about $70,000. Finally, Abich Financial Wealth Management LLC raised 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 worth $73,000 after purchasing an additional 414 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Reynolds Consumer Products Trading Up 1.6 %

REYN stock opened at $24.51 on Monday. Reynolds Consumer Products Inc. has a one year low of $23.61 and a one year high of $32.65. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 14.59 and a beta of 0.50. The company has a fifty day moving average price of $26.47 and a two-hundred day moving average price of $28.51. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.99.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. Equities analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, February 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.75%. Reynolds Consumer Products’s dividend payout ratio is presently 54.76%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on REYN. Evercore ISI decreased their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Barclays dropped their price objective on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. UBS Group reduced their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus lowered their target price on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.38.

Insiders Place Their Bets

In other news, Director Rolf Stangl acquired 6,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average cost of $24.89 per share, with a total value of $149,340.00. Following the completion of the purchase, the director now directly owns 16,889 shares of the company’s stock, valued at $420,367.21. The trade was a 55.10 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

About Reynolds Consumer Products

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.