Franklin Resources Inc. Reduces Holdings in Nutrien Ltd. (NYSE:NTR)

Franklin Resources Inc. trimmed its position in shares of Nutrien Ltd. (NYSE:NTRGet Rating) by 23.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,550,936 shares of the company’s stock after selling 482,906 shares during the quarter. Franklin Resources Inc. owned approximately 0.29% of Nutrien worth $123,511,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd purchased a new stake in shares of Nutrien during the first quarter worth approximately $30,000. Zions Bancorporation N.A. grew its holdings in Nutrien by 55.2% in the 1st quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock valued at $31,000 after buying an additional 107 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in Nutrien in the 2nd quarter valued at $32,000. SJS Investment Consulting Inc. grew its holdings in Nutrien by 242.4% in the 1st quarter. SJS Investment Consulting Inc. now owns 404 shares of the company’s stock valued at $42,000 after buying an additional 286 shares in the last quarter. Finally, Proffitt & Goodson Inc. purchased a new stake in Nutrien in the 1st quarter valued at $42,000. 63.51% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Price Performance

NTR opened at $80.05 on Thursday. The stock’s 50-day moving average price is $82.30 and its 200 day moving average price is $86.16. Nutrien Ltd. has a 12-month low of $65.84 and a 12-month high of $117.25. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 0.27. The firm has a market cap of $41.89 billion, a price-to-earnings ratio of 5.70, a PEG ratio of 0.74 and a beta of 0.87.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Thursday, December 29th. Nutrien’s dividend payout ratio is currently 13.67%.

Analysts Set New Price Targets

Several analysts have issued reports on NTR shares. Credit Suisse Group dropped their target price on Nutrien from $70.00 to $68.00 and set an “underperform” rating for the company in a report on Thursday, November 3rd. HSBC cut Nutrien from a “buy” rating to a “hold” rating in a report on Friday, October 21st. Royal Bank of Canada dropped their target price on Nutrien from $135.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, November 7th. Mizuho dropped their target price on Nutrien from $124.00 to $113.00 and set a “neutral” rating for the company in a report on Tuesday, November 1st. Finally, Scotiabank cut Nutrien from a “sector outperform” rating to a “sector perform” rating and set a $110.00 price target for the company. in a report on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.71.

Nutrien Company Profile

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Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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