TD Asset Management Inc. Has $418.91 Million Stock Holdings in Nutrien Ltd (NYSE:NTR)
TD Asset Management Inc. decreased its holdings in shares of Nutrien Ltd (NYSE:NTR) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,815,258 shares of the company’s stock after selling 451,519 shares during the period. Nutrien makes up 0.6% of TD Asset Management Inc.’s holdings, making the stock its 28th largest position. TD Asset Management Inc. owned 1.35% of Nutrien worth $418,914,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC boosted its stake in shares of Nutrien by 3.6% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 16,975 shares of the company’s stock worth $908,000 after buying an additional 594 shares during the last quarter. Wrapmanager Inc. bought a new position in shares of Nutrien during the second quarter worth approximately $311,000. Saturna Capital CORP increased its holdings in shares of Nutrien by 4.8% during the second quarter. Saturna Capital CORP now owns 218,808 shares of the company’s stock worth $11,697,000 after purchasing an additional 9,990 shares during the period. Tocqueville Asset Management L.P. increased its holdings in shares of Nutrien by 4.7% during the second quarter. Tocqueville Asset Management L.P. now owns 1,145,791 shares of the company’s stock worth $61,254,000 after purchasing an additional 51,911 shares during the period. Finally, Cutter & CO Brokerage Inc. bought a new position in shares of Nutrien during the second quarter worth approximately $2,749,000. Institutional investors own 68.37% of the company’s stock.
Shares of NTR traded down $0.21 on Tuesday, reaching $50.17. The company’s stock had a trading volume of 176,494 shares, compared to its average volume of 1,614,101. Nutrien Ltd has a 12-month low of $43.96 and a 12-month high of $58.99. The stock has a market capitalization of $30.14 billion, a PE ratio of 18.64, a P/E/G ratio of 2.32 and a beta of 0.87. The company’s 50 day moving average price is $52.21.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a dividend of $0.45 per share. This is a boost from Nutrien’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, September 27th. This represents a $1.80 dividend on an annualized basis and a yield of 3.59%. Nutrien’s payout ratio is 63.94%.
A number of brokerages have weighed in on NTR. Raymond James restated a “strong-buy” rating and issued a $70.00 target price on shares of Nutrien in a research report on Tuesday, July 30th. Citigroup set a $61.00 target price on shares of Nutrien and gave the company a “buy” rating in a research report on Wednesday, July 31st. TD Securities lifted their price target on shares of Nutrien from $68.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Cowen reiterated an “outperform” rating and set a $63.00 price target (down previously from $66.00) on shares of Nutrien in a report on Tuesday, April 23rd. Finally, BMO Capital Markets set a $60.00 target price on shares of Nutrien and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $62.00.
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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