Thomson Reuters Co. (NYSE:TRI) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,007 shares of the business services provider’s stock after selling 157 shares during the quarter. Blair William & Co. IL’s holdings in Thomson Reuters were worth $347,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Rhumbline Advisers lifted its position in shares of Thomson Reuters by 1.5% during the first quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider’s stock worth $770,000 after purchasing an additional 68 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock worth $41,000 after purchasing an additional 69 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Thomson Reuters by 25.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider’s stock worth $71,000 after purchasing an additional 84 shares in the last quarter. Sara Bay Financial lifted its position in shares of Thomson Reuters by 3.3% during the first quarter. Sara Bay Financial now owns 3,275 shares of the business services provider’s stock worth $560,000 after purchasing an additional 104 shares in the last quarter. Finally, Spire Wealth Management lifted its position in shares of Thomson Reuters by 5.3% during the first quarter. Spire Wealth Management now owns 2,074 shares of the business services provider’s stock worth $358,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock opened at $174.77 on Tuesday. The firm has a market capitalization of $78.76 billion, a P/E ratio of 35.74, a P/E/G ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a 52 week low of $151.60 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 firm’s 50 day moving average is $198.29 and its two-hundred day moving average is $185.31.

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

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. Thomson Reuters’s dividend payout ratio (DPR) is 65.75%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TRI. Wall Street Zen lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd. Canaccord Genuity Group upped 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. JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. National Bankshares restated an “outperform” rating on shares of Thomson Reuters in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada cut their target price on shares of 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $194.20.

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.