Los Angeles Capital Management LLC Has $2.54 Million Stock Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Los Angeles Capital Management LLC reduced its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 94,274 shares of the company’s stock after selling 3,107 shares during the period. Los Angeles Capital Management LLC’s holdings in Reynolds Consumer Products were worth $2,544,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in Reynolds Consumer Products in the 3rd quarter valued at approximately $29,000. Blue Trust Inc. raised its holdings in shares of Reynolds Consumer Products by 115.2% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock valued at $35,000 after purchasing an additional 698 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Reynolds Consumer Products in the fourth quarter valued at approximately $40,000. Capital Performance Advisors LLP bought a new stake in shares of Reynolds Consumer Products in the third quarter worth $70,000. Finally, Venturi Wealth Management LLC boosted its holdings in Reynolds Consumer Products by 93.7% during the third quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock worth $80,000 after purchasing an additional 1,239 shares during the last quarter. Institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Price Performance

REYN stock opened at $24.40 on Friday. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 14.52 and a beta of 0.50. The company’s fifty day simple moving average is $26.24 and its 200 day simple moving average is $28.38. Reynolds Consumer Products Inc. has a 12-month low of $23.61 and a 12-month high of $32.65.

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

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Friday, February 14th. Reynolds Consumer Products’s dividend payout ratio (DPR) is 54.76%.

Insider Activity

In related news, Director Rolf Stangl bought 6,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the acquisition, the director now directly owns 16,889 shares of the company’s stock, valued at $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 SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on REYN shares. UBS Group lowered their target price on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Evercore ISI lowered their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price objective on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus lowered their target price on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price target on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.38.

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.