KDT Advisors LLC Sells 1,947 Shares of Thomson Reuters Co. $TRI

KDT Advisors LLC trimmed its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 48.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,043 shares of the business services provider’s stock after selling 1,947 shares during the quarter. KDT Advisors LLC’s holdings in Thomson Reuters were worth $411,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Wellington Shields Capital Management LLC bought a new position in Thomson Reuters in the second quarter worth approximately $201,000. Westside Investment Management Inc. purchased a new stake in shares of Thomson Reuters during the 2nd quarter worth $34,000. Assetmark Inc. lifted its stake in shares of Thomson Reuters by 3.3% during the 2nd quarter. Assetmark Inc. now owns 77,837 shares of the business services provider’s stock worth $15,655,000 after purchasing an additional 2,495 shares during the last quarter. World Investment Advisors purchased a new stake in shares of Thomson Reuters during the 2nd quarter worth $222,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Thomson Reuters by 129.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 369,984 shares of the business services provider’s stock valued at $74,404,000 after buying an additional 208,404 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

NYSE:TRI opened at $153.06 on Monday. Thomson Reuters Co. has a 52 week low of $149.47 and a 52 week high of $218.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $68.37 billion, a P/E ratio of 31.30, a P/E/G ratio of 5.67 and a beta of 0.74. The stock’s fifty day moving average is $163.34 and its two-hundred day moving average is $182.08.

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

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were given a dividend of $0.595 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.6%. Thomson Reuters’s dividend payout ratio (DPR) is presently 65.75%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Huber Research raised Thomson Reuters to an “overweight” rating in a research note on Monday, October 20th. Morgan Stanley dropped their price target on Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating for the company in a research report on Thursday, September 11th. Canaccord Genuity Group raised their target price on shares of Thomson Reuters from $181.00 to $182.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. Finally, CIBC set a $198.00 target price on shares of Thomson Reuters and gave the stock an “outperform” rating in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $200.00.

Thomson Reuters Company Profile

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.