UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,320 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 8.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 129,763 shares of the company’s stock after selling 11,320 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Reynolds Consumer Products were worth $4,036,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in REYN. Abich Financial Wealth Management LLC bought a new stake in Reynolds Consumer Products in the second quarter worth approximately $54,000. Capital Performance Advisors LLP bought a new stake in shares of Reynolds Consumer Products during the 3rd quarter worth $70,000. Venturi Wealth Management LLC boosted its holdings in shares of Reynolds Consumer Products by 93.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock worth $80,000 after buying an additional 1,239 shares during the period. nVerses Capital LLC bought a new stake in shares of Reynolds Consumer Products during the 2nd quarter worth $90,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Reynolds Consumer Products by 3,009.9% during the 3rd quarter. International Assets Investment Management LLC now owns 2,830 shares of the company’s stock worth $91,000 after buying an additional 2,739 shares during the period. 26.81% of the stock is owned by institutional investors.

Reynolds Consumer Products Price Performance

NASDAQ:REYN opened at $28.16 on Friday. The stock has a market cap of $5.92 billion, a P/E ratio of 16.09 and a beta of 0.50. Reynolds Consumer Products Inc. has a one year low of $26.26 and a one year high of $32.65. The company has a fifty day moving average price of $28.45 and a 200 day moving average price of $28.99. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $910.00 million for the quarter, compared to analyst estimates of $902.88 million. Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. Reynolds Consumer Products’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 earnings per share. Analysts anticipate that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio is 52.57%.

Insider Activity

In other Reynolds Consumer Products news, Director Helen Golding acquired 1,190 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of $27.58 per share, for a total transaction of $32,820.20. Following the purchase, the director now owns 1,190 shares in the company, valued at $32,820.20. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Rolf Stangl acquired 7,207 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of $27.25 per share, with a total value of $196,390.75. Following the purchase, the director now owns 7,207 shares in the company, valued at approximately $196,390.75. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

REYN has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Jefferies Financial Group initiated coverage on shares of Reynolds Consumer Products in a report on Thursday, August 29th. They set a “buy” rating and a $38.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.17.

About Reynolds Consumer Products

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.