Compass Wealth Management LLC Has $53,000 Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Compass Wealth Management LLC decreased its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 91.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,975 shares of the company’s stock after selling 21,250 shares during the quarter. Compass Wealth Management LLC’s holdings in Reynolds Consumer Products were worth $53,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in Reynolds Consumer Products by 1.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,925,469 shares of the company’s stock worth $401,982,000 after buying an additional 137,083 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Reynolds Consumer Products by 17.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,781,815 shares of the company’s stock worth $49,859,000 after acquiring an additional 261,513 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Reynolds Consumer Products by 122.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,557,835 shares of the company’s stock valued at $43,588,000 after purchasing an additional 858,419 shares during the period. Sei Investments Co. boosted its position in shares of Reynolds Consumer Products by 18.5% during the 2nd quarter. Sei Investments Co. now owns 612,775 shares of the company’s stock valued at $17,146,000 after purchasing an additional 95,469 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Reynolds Consumer Products by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 572,862 shares of the company’s stock worth $17,816,000 after purchasing an additional 6,065 shares during the period. Institutional investors and hedge funds own 26.81% of the company’s stock.

Insider Activity

In other Reynolds Consumer Products news, Director Rolf Stangl bought 7,207 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of $27.25 per share, for a total transaction of $196,390.75. Following the purchase, the director now directly owns 7,207 shares of the company’s stock, valued at approximately $196,390.75. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Helen Golding purchased 1,190 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of $27.58 per share, with a total value of $32,820.20. Following the completion of the transaction, the director now directly owns 1,190 shares of the company’s stock, valued at $32,820.20. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 12,079 shares of company stock worth $330,466 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

REYN has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. UBS Group dropped their target price on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Barclays reduced their price target on shares of Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.86.

Reynolds Consumer Products Stock Performance

NASDAQ REYN opened at $27.50 on Friday. The company has a market cap of $5.78 billion, a P/E ratio of 15.71 and a beta of 0.50. The company has a fifty day simple moving average of $27.33 and a 200 day simple moving average of $28.76. The company has a current ratio of 2.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Reynolds Consumer Products Inc. has a 12-month low of $25.88 and a 12-month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. The business had revenue of $910.00 million for the quarter, compared to the consensus estimate of $902.88 million. During the same period in the previous year, the firm earned $0.37 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. Sell-side analysts predict that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current fiscal year.

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.