Wealth Enhancement Advisory Services LLC Has $2.06 Million Position in Reynolds Consumer Products Inc. $REYN

Wealth Enhancement Advisory Services LLC lifted its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 186.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 83,055 shares of the company’s stock after purchasing an additional 54,086 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Reynolds Consumer Products were worth $2,062,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quent Capital LLC bought a new position in Reynolds Consumer Products in the third quarter valued at approximately $33,000. First Horizon Advisors Inc. lifted its position in Reynolds Consumer Products by 40.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,601 shares of the company’s stock valued at $34,000 after acquiring an additional 464 shares in the last quarter. GAMMA Investing LLC boosted its stake in Reynolds Consumer Products by 231.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock worth $60,000 after purchasing an additional 1,966 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Reynolds Consumer Products by 14,434.8% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,343 shares of the company’s stock worth $72,000 after purchasing an additional 3,320 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Reynolds Consumer Products by 764.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,666 shares of the company’s stock valued at $79,000 after purchasing an additional 3,242 shares during the period. 26.81% of the stock is owned by institutional investors.

Reynolds Consumer Products Stock Performance

NASDAQ REYN opened at $22.66 on Friday. The company has a current ratio of 1.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average price is $23.83 and its two-hundred day moving average price is $23.50. Reynolds Consumer Products Inc. has a 1 year low of $20.91 and a 1 year high of $28.22. The firm has a market capitalization of $4.77 billion, a P/E ratio of 15.52 and a beta of 0.57.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $931.00 million during the quarter, compared to the consensus estimate of $900.12 million. Reynolds Consumer Products had a net margin of 8.20% and a return on equity of 15.88%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. As a group, research analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.23 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.92 annualized dividend and a yield of 4.1%. Reynolds Consumer Products’s dividend payout ratio is currently 63.01%.

Analyst Ratings Changes

A number of brokerages have recently commented on REYN. UBS Group cut their price target on Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Zacks Research cut Reynolds Consumer Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Canaccord Genuity Group reduced their price target on Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Monday. Royal Bank Of Canada lifted their price objective on shares of Reynolds Consumer Products from $25.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.25.

About Reynolds Consumer Products

Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.