Kingsview Wealth Management LLC Has $8.29 Million Stock Holdings in Brunswick Co. (NYSE:BC)

Kingsview Wealth Management LLC increased its position in shares of Brunswick Co. (NYSE:BC) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,885 shares of the company’s stock after acquiring an additional 4,535 shares during the quarter. Kingsview Wealth Management LLC owned about 0.15% of Brunswick worth $8,289,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BC. Quadrature Capital Ltd lifted its stake in shares of Brunswick by 24.0% during the first quarter. Quadrature Capital Ltd now owns 10,397 shares of the company’s stock valued at $1,004,000 after acquiring an additional 2,012 shares during the period. Kennedy Capital Management LLC lifted its stake in Brunswick by 12.0% in the first quarter. Kennedy Capital Management LLC now owns 117,742 shares of the company’s stock valued at $11,364,000 after buying an additional 12,618 shares during the period. Tidal Investments LLC lifted its stake in Brunswick by 102.6% in the first quarter. Tidal Investments LLC now owns 16,236 shares of the company’s stock valued at $1,567,000 after buying an additional 8,224 shares during the period. Comerica Bank lifted its stake in Brunswick by 0.6% in the first quarter. Comerica Bank now owns 35,548 shares of the company’s stock valued at $3,431,000 after buying an additional 205 shares during the period. Finally, Garner Asset Management Corp lifted its stake in Brunswick by 1.4% in the first quarter. Garner Asset Management Corp now owns 57,747 shares of the company’s stock valued at $5,574,000 after buying an additional 801 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Stock Up 1.5 %

Shares of Brunswick stock opened at $82.37 on Friday. Brunswick Co. has a 1 year low of $69.05 and a 1 year high of $99.68. The business has a 50-day moving average of $81.81 and a two-hundred day moving average of $78.79. The company has a market capitalization of $5.43 billion, a P/E ratio of 20.49 and a beta of 1.51. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.04%. Brunswick’s payout ratio is presently 41.79%.

Analyst Ratings Changes

Several research firms have weighed in on BC. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Monday, July 29th. Benchmark reissued a “buy” rating and issued a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. Finally, Citigroup increased their target price on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $89.23.

Insider Buying and Selling

In related news, Director Joseph W. Mcclanathan sold 4,745 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the transaction, the director now directly owns 19,218 shares in the company, valued at approximately $1,540,130.52. This trade represents a 19.80 % 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. Also, Director Nancy E. Cooper sold 366 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the transaction, the director now owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,940 shares of company stock worth $2,321,176. 0.81% of the stock is owned by corporate insiders.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.