Advisors Asset Management Inc. Sells 1,640 Shares of Brunswick Co. (NYSE:BC)

Advisors Asset Management Inc. lowered its position in shares of Brunswick Co. (NYSE:BCGet Rating) by 26.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,580 shares of the company’s stock after selling 1,640 shares during the quarter. Advisors Asset Management Inc.’s holdings in Brunswick were worth $299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BC. BlackRock Inc. increased its holdings in Brunswick by 0.7% in the first quarter. BlackRock Inc. now owns 6,426,552 shares of the company’s stock valued at $519,843,000 after purchasing an additional 46,519 shares during the last quarter. Cantillon Capital Management LLC increased its holdings in Brunswick by 5.4% in the second quarter. Cantillon Capital Management LLC now owns 4,346,374 shares of the company’s stock valued at $284,166,000 after purchasing an additional 223,574 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Brunswick by 11.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,681,652 shares of the company’s stock valued at $216,920,000 after purchasing an additional 281,290 shares during the last quarter. State Street Corp increased its holdings in Brunswick by 2.6% in the first quarter. State Street Corp now owns 2,121,553 shares of the company’s stock valued at $171,612,000 after purchasing an additional 53,083 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Brunswick by 22.8% in the first quarter. American Century Companies Inc. now owns 2,000,325 shares of the company’s stock valued at $161,807,000 after purchasing an additional 371,973 shares during the last quarter. Institutional investors own 93.32% of the company’s stock.

Brunswick Stock Performance

Shares of NYSE BC opened at $73.04 on Monday. The stock has a 50 day moving average price of $70.13 and a 200 day moving average price of $72.73. Brunswick Co. has a 52 week low of $61.89 and a 52 week high of $103.43. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.84 and a current ratio of 1.88. The stock has a market capitalization of $5.30 billion, a PE ratio of 8.76 and a beta of 1.58.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 23rd will be given a dividend of $0.365 per share. The ex-dividend date is Tuesday, November 22nd. This represents a $1.46 annualized dividend and a yield of 2.00%. Brunswick’s dividend payout ratio (DPR) is presently 17.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BC shares. StockNews.com downgraded Brunswick from a “buy” rating to a “hold” rating in a report on Friday, October 7th. JPMorgan Chase & Co. lowered their price target on Brunswick from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. B. Riley increased their price target on Brunswick from $83.00 to $88.00 in a report on Friday, October 28th. Citigroup lowered their price target on Brunswick from $106.00 to $104.00 in a report on Friday, October 28th. Finally, MKM Partners lowered their price target on Brunswick from $96.00 to $91.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Brunswick has an average rating of “Moderate Buy” and a consensus target price of $97.38.

Brunswick Profile

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Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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