19,544 Shares in Reynolds Consumer Products Inc. (NASDAQ:REYN) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 19,544 shares of the company’s stock, valued at approximately $528,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Reynolds Consumer Products by 115.2% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock worth $35,000 after purchasing an additional 698 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Reynolds Consumer Products in the fourth quarter worth $40,000. Venturi Wealth Management LLC boosted its holdings in Reynolds Consumer Products by 36.0% in the fourth quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company’s stock worth $94,000 after acquiring an additional 921 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Reynolds Consumer Products by 29.5% in the fourth quarter. Global Retirement Partners LLC now owns 6,953 shares of the company’s stock worth $188,000 after acquiring an additional 1,584 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Reynolds Consumer Products during the third quarter valued at $299,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Rolf Stangl bought 6,000 shares of the company’s stock in a transaction on Monday, February 10th. The shares were bought at an average price of $24.89 per share, with a total value of $149,340.00. Following the transaction, the director now owns 16,889 shares in the company, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Reynolds Consumer Products Trading Down 3.9 %

NASDAQ REYN opened at $22.99 on Tuesday. The stock has a market cap of $4.84 billion, a PE ratio of 13.68 and a beta of 0.64. Reynolds Consumer Products Inc. has a 12 month low of $22.83 and a 12 month high of $32.65. The company’s 50-day moving average price is $24.54 and its 200-day moving average price is $26.94. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. Equities research analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.92 annualized dividend and a yield of 4.00%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 54.76%.

Wall Street Analyst Weigh In

REYN has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Evercore ISI reduced their price target on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Barclays lowered their price objective on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus reduced their target price on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. decreased their price target on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Reynolds Consumer Products presently has an average rating of “Hold” and a consensus target price of $30.38.

Reynolds Consumer Products Profile

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.