Thomson Reuters Co. $TRI Shares Sold by Capital Investment Counsel LLC

Capital Investment Counsel LLC decreased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 58,277 shares of the business services provider’s stock after selling 2,857 shares during the period. Thomson Reuters comprises approximately 1.7% of Capital Investment Counsel LLC’s portfolio, making the stock its 14th biggest holding. Capital Investment Counsel LLC’s holdings in Thomson Reuters were worth $10,068,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TRI. Cullen Frost Bankers Inc. grew its holdings in Thomson Reuters by 772.2% in the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 139 shares during the last quarter. Investment Management Corp VA ADV acquired a new stake in Thomson Reuters in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. grew its holdings in Thomson Reuters by 41.3% in the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 69 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Thomson Reuters by 25.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 84 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Thomson Reuters by 42.8% in the first quarter. Fifth Third Bancorp now owns 484 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analysts Set New Price Targets

TRI has been the topic of several research reports. Wells Fargo & Company lowered their target price on Thomson Reuters from $213.00 to $187.00 and set an “equal weight” rating on the stock in a report on Thursday, August 7th. Canaccord Genuity Group increased their price objective on Thomson Reuters from $181.00 to $182.00 and gave the company a “hold” rating in a research note on Thursday, August 7th. CIBC raised Thomson Reuters from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 19th. Royal Bank Of Canada decreased their price objective on Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 7th. Finally, TD Securities raised Thomson Reuters from a “hold” rating to a “buy” rating and increased their price objective for the company from $275.00 to $285.00 in a research note on Thursday. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $201.90.

Thomson Reuters Stock Performance

NYSE TRI opened at $177.61 on Monday. The business’s 50-day moving average price is $192.48 and its 200 day moving average price is $185.55. Thomson Reuters Co. has a twelve month low of $151.60 and a twelve month high of $218.42. The company has a market capitalization of $80.04 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th will be given a dividend of $0.595 per share. The ex-dividend date is Tuesday, August 19th. This represents a $2.38 annualized dividend and a yield of 1.3%. Thomson Reuters’s dividend payout ratio is 65.75%.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.