Physician Wealth Advisors Inc. Invests $47,000 in The Campbell Soup Company (NASDAQ:CPB)

Physician Wealth Advisors Inc. acquired a new stake in The Campbell Soup Company (NASDAQ:CPB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,124 shares of the company’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Campbell Soup by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company’s stock worth $989,440,000 after buying an additional 447,203 shares in the last quarter. State Street Corp boosted its position in Campbell Soup by 3.1% during the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after acquiring an additional 298,203 shares during the last quarter. Van ECK Associates Corp grew its stake in Campbell Soup by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after acquiring an additional 531,281 shares during the period. Beutel Goodman & Co Ltd. raised its holdings in Campbell Soup by 0.5% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company’s stock valued at $290,034,000 after acquiring an additional 35,160 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock worth $256,827,000 after purchasing an additional 322,951 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Insider Transactions at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 20.19% of the company’s stock.

Campbell Soup Price Performance

CPB stock opened at $39.92 on Tuesday. The stock has a 50-day simple moving average of $39.10 and a 200-day simple moving average of $42.92. The firm has a market cap of $11.90 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 3.91%. Campbell Soup’s dividend payout ratio is presently 90.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CPB shares. Stifel Nicolaus lowered their price objective on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Citigroup lowered their price target on Campbell Soup from $39.00 to $37.00 and set a “sell” rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. lowered shares of Campbell Soup from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. Bank of America decreased their target price on shares of Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a research report on Thursday, March 6th. Finally, Morgan Stanley began coverage on shares of Campbell Soup in a research report on Monday, March 24th. They set an “equal weight” rating and a $40.00 price target for the company. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.86.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.