Altshuler Shaham Ltd Sells 1,285 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Altshuler Shaham Ltd trimmed its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 48.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,381 shares of the company’s stock after selling 1,285 shares during the quarter. Altshuler Shaham Ltd’s holdings in Reynolds Consumer Products were worth $37,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of REYN. Ceredex Value Advisors LLC boosted its position in shares of Reynolds Consumer Products by 58.1% during the 4th quarter. Ceredex Value Advisors LLC now owns 468,360 shares of the company’s stock worth $12,641,000 after purchasing an additional 172,136 shares in the last quarter. Guggenheim Capital LLC bought a new position in Reynolds Consumer Products in the fourth quarter worth approximately $212,000. Raymond James Financial Inc. acquired a new stake in Reynolds Consumer Products in the fourth quarter valued at approximately $528,000. Martingale Asset Management L P increased its holdings in shares of Reynolds Consumer Products by 7.3% during the fourth quarter. Martingale Asset Management L P now owns 81,002 shares of the company’s stock valued at $2,186,000 after acquiring an additional 5,527 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Reynolds Consumer Products by 6.6% during the fourth quarter. Invesco Ltd. now owns 141,726 shares of the company’s stock worth $3,825,000 after purchasing an additional 8,768 shares during the period. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Rolf Stangl purchased 6,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the purchase, the director now directly owns 16,889 shares in the company, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

REYN has been the subject of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 price target on shares of Reynolds Consumer Products in a research note on Monday, February 3rd. Evercore ISI lowered their target price on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus cut their price target on Reynolds Consumer Products from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. UBS Group lowered their price objective on Reynolds Consumer Products from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their target price on Reynolds Consumer Products from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $29.00.

Reynolds Consumer Products Price Performance

Shares of NASDAQ REYN opened at $23.65 on Friday. The company has a market capitalization of $4.97 billion, a PE ratio of 14.08 and a beta of 0.64. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average price is $23.85 and its 200-day moving average price is $26.48. Reynolds Consumer Products Inc. has a twelve month low of $21.90 and a twelve month high of $32.65.

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

Reynolds Consumer Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.89%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 54.76%.

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.