Wealth Enhancement Advisory Services LLC Has $515,000 Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Wealth Enhancement Advisory Services LLC reduced its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 11.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,572 shares of the company’s stock after selling 2,813 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Reynolds Consumer Products were worth $515,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. lifted its stake in Reynolds Consumer Products by 4.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company’s stock valued at $363,000 after acquiring an additional 566 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Reynolds Consumer Products by 1,493.1% in the first quarter. GAMMA Investing LLC now owns 20,233 shares of the company’s stock worth $483,000 after purchasing an additional 18,963 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Reynolds Consumer Products by 214.8% in the fourth quarter. Ameriprise Financial Inc. now owns 20,870 shares of the company’s stock worth $563,000 after purchasing an additional 14,241 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Reynolds Consumer Products by 65.0% in the fourth quarter. Stifel Financial Corp now owns 153,845 shares of the company’s stock worth $4,152,000 after purchasing an additional 60,616 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Reynolds Consumer Products in the fourth quarter worth $424,000. 26.81% of the stock is owned by institutional investors.

Reynolds Consumer Products Stock Down 0.3%

Reynolds Consumer Products stock opened at $21.76 on Friday. The stock has a market cap of $4.58 billion, a P/E ratio of 13.60 and a beta of 0.57. The company has a quick ratio of 0.72, a current ratio of 1.80 and a debt-to-equity ratio of 0.76. Reynolds Consumer Products Inc. has a twelve month low of $20.91 and a twelve month high of $32.65. The company’s 50-day moving average price is $22.19 and its two-hundred day moving average price is $24.07.

Reynolds Consumer Products (NASDAQ:REYN) last announced its earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $801.00 million for the quarter, compared to analyst estimates of $821.99 million. Reynolds Consumer Products had a return on equity of 16.87% and a net margin of 9.11%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. As a group, analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Friday, May 16th. Reynolds Consumer Products’s dividend payout ratio is 57.50%.

Insider Transactions at Reynolds Consumer Products

In other Reynolds Consumer Products news, CAO Chris Mayrhofer bought 18,218 shares of the stock in a transaction dated Thursday, May 29th. The shares were bought at an average cost of $22.14 per share, with a total value of $403,346.52. Following the completion of the acquisition, the chief accounting officer owned 18,218 shares of the company’s stock, valued at $403,346.52. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rolf Stangl bought 4,500 shares of the stock in a transaction dated Friday, June 20th. The shares were acquired at an average cost of $21.24 per share, for a total transaction of $95,580.00. Following the completion of the acquisition, the director directly owned 30,889 shares of the company’s stock, valued at approximately $656,082.36. This trade represents a 17.05% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 34,766 shares of company stock worth $765,632. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on REYN. Truist Financial cut their price target on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. UBS Group dropped their target price on Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Wall Street Zen upgraded Reynolds Consumer Products from a “sell” rating to a “hold” rating in a report on Friday, May 30th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $30.00 target price on shares of Reynolds Consumer Products in a report on Monday, April 28th. Finally, Canaccord Genuity Group dropped their price objective on Reynolds Consumer Products from $27.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Reynolds Consumer Products currently has a consensus rating of “Hold” and an average price target of $28.33.

Reynolds Consumer Products Company Profile

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.