DORCHESTER WEALTH MANAGEMENT Co Boosts Stock Holdings in Nutrien Ltd. (NYSE:NTR)

DORCHESTER WEALTH MANAGEMENT Co grew its position in shares of Nutrien Ltd. (NYSE:NTR) by 24.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,635 shares of the company’s stock after purchasing an additional 2,284 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Nutrien were worth $502,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Goodman Financial Corp increased its holdings in shares of Nutrien by 4.6% during the 3rd quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock valued at $12,201,000 after purchasing an additional 11,058 shares in the last quarter. CORDA Investment Management LLC. increased its holdings in shares of Nutrien by 7.0% during the 3rd quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock valued at $23,777,000 after purchasing an additional 32,541 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Nutrien by 10.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock valued at $83,812,000 after purchasing an additional 157,932 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Nutrien by 335.0% during the 3rd quarter. Stephens Inc. AR now owns 70,301 shares of the company’s stock valued at $3,379,000 after purchasing an additional 54,138 shares in the last quarter. Finally, Covea Finance increased its holdings in shares of Nutrien by 21.9% during the 4th quarter. Covea Finance now owns 55,600 shares of the company’s stock valued at $2,485,000 after purchasing an additional 10,000 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NTR shares. Scotiabank lifted their price target on shares of Nutrien from $59.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Monday, February 10th. Wells Fargo & Company lifted their price target on shares of Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. TD Securities dropped their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Finally, Oppenheimer started coverage on shares of Nutrien in a research note on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Nutrien has an average rating of “Moderate Buy” and a consensus price target of $59.39.

Nutrien Trading Down 0.9 %

Shares of NTR stock opened at $52.68 on Friday. The company’s 50-day moving average price is $49.41 and its 200-day moving average price is $48.24. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The stock has a market cap of $25.80 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, equities analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.14%. Nutrien’s payout ratio is 157.67%.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.