Total Clarity Wealth Management Inc. Sells 602 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Total Clarity Wealth Management Inc. decreased its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYNGet Rating) by 5.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,593 shares of the company’s stock after selling 602 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Reynolds Consumer Products were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of REYN. MetLife Investment Management LLC bought a new stake in shares of Reynolds Consumer Products during the first quarter valued at approximately $32,000. Quadrant Capital Group LLC grew its holdings in Reynolds Consumer Products by 143.4% during the second quarter. Quadrant Capital Group LLC now owns 1,436 shares of the company’s stock worth $39,000 after buying an additional 846 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Reynolds Consumer Products during the first quarter worth $70,000. Covestor Ltd grew its holdings in Reynolds Consumer Products by 89.0% during the first quarter. Covestor Ltd now owns 3,631 shares of the company’s stock worth $107,000 after buying an additional 1,710 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Reynolds Consumer Products by 17.9% during the second quarter. Parallel Advisors LLC now owns 7,178 shares of the company’s stock worth $196,000 after buying an additional 1,089 shares in the last quarter. Institutional investors own 29.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on REYN. Royal Bank of Canada downgraded Reynolds Consumer Products from an “outperform” rating to a “sector perform” rating and set a $30.00 price target for the company. in a report on Tuesday, January 3rd. TheStreet upgraded Reynolds Consumer Products from a “c+” rating to a “b-” rating in a report on Friday, December 2nd. Barclays upped their price objective on Reynolds Consumer Products to $27.00 in a research note on Tuesday, November 15th. JPMorgan Chase & Co. upped their price objective on Reynolds Consumer Products from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, December 13th. Finally, Credit Suisse Group downgraded Reynolds Consumer Products from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $33.00 to $32.00 in a research note on Tuesday, January 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.50.

Reynolds Consumer Products Stock Up 0.2 %

Shares of NASDAQ REYN opened at $29.26 on Wednesday. Reynolds Consumer Products Inc. has a one year low of $24.54 and a one year high of $32.50. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.16 and a quick ratio of 0.70. The business’s fifty day moving average price is $30.67 and its 200-day moving average price is $29.27. The stock has a market capitalization of $6.14 billion, a PE ratio of 23.79 and a beta of 0.47.

Reynolds Consumer Products (NASDAQ:REYNGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $967.00 million for the quarter, compared to analysts’ expectations of $981.34 million. Reynolds Consumer Products had a return on equity of 14.99% and a net margin of 6.90%. On average, equities research analysts anticipate that Reynolds Consumer Products Inc. will post 1.33 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 16th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, November 15th. This represents a $0.92 dividend on an annualized basis and a yield of 3.14%. Reynolds Consumer Products’s dividend payout ratio is currently 74.80%.

About Reynolds Consumer Products

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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 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 E-Z Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.

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Institutional Ownership by Quarter for Reynolds Consumer Products (NASDAQ:REYN)

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