UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Tootsie Roll Industries, Inc. (NYSE:TR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,145 shares of the company’s stock after selling 2,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Tootsie Roll Industries were worth $781,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC lifted its stake in shares of Tootsie Roll Industries by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 45,215 shares of the company’s stock valued at $1,462,000 after purchasing an additional 377 shares during the period. LPL Financial LLC lifted its stake in shares of Tootsie Roll Industries by 5.4% in the fourth quarter. LPL Financial LLC now owns 7,859 shares of the company’s stock valued at $254,000 after purchasing an additional 404 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of Tootsie Roll Industries by 6.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 7,049 shares of the company’s stock valued at $228,000 after purchasing an additional 407 shares during the period. Sei Investments Co. lifted its stake in shares of Tootsie Roll Industries by 2.5% in the fourth quarter. Sei Investments Co. now owns 28,194 shares of the company’s stock valued at $912,000 after purchasing an additional 695 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Tootsie Roll Industries by 5.8% in the fourth quarter. American Century Companies Inc. now owns 14,863 shares of the company’s stock valued at $481,000 after purchasing an additional 815 shares during the period. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Trading Down 2.8%

Shares of TR opened at $33.94 on Wednesday. The stock has a market cap of $2.48 billion, a P/E ratio of 27.82 and a beta of 0.42. The company has a 50-day moving average of $32.81 and a two-hundred day moving average of $32.06. Tootsie Roll Industries, Inc. has a 12-month low of $26.78 and a 12-month high of $36.25.

Tootsie Roll Industries (NYSE:TR) last announced its earnings results on Thursday, April 24th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $146.52 million during the quarter. Tootsie Roll Industries had a net margin of 12.14% and a return on equity of 10.23%.

Tootsie Roll Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 19th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, June 18th. Tootsie Roll Industries’s payout ratio is currently 29.51%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 16th.

Tootsie Roll Industries Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.