Personal CFO Solutions LLC Decreases Position in Brunswick Co. (NYSE:BC)

Personal CFO Solutions LLC cut its position in Brunswick Co. (NYSE:BCFree Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,841 shares of the company’s stock after selling 139 shares during the period. Personal CFO Solutions LLC’s holdings in Brunswick were worth $372,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Brunswick by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock valued at $185,483,000 after purchasing an additional 47,053 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Brunswick by 30.7% during the fourth quarter. Retirement Systems of Alabama now owns 178,984 shares of the company’s stock valued at $17,317,000 after purchasing an additional 42,089 shares during the last quarter. Alps Advisors Inc. raised its holdings in shares of Brunswick by 224.7% during the third quarter. Alps Advisors Inc. now owns 49,446 shares of the company’s stock valued at $3,906,000 after purchasing an additional 34,220 shares during the last quarter. Chesapeake Capital Corp IL purchased a new position in shares of Brunswick during the fourth quarter valued at approximately $800,000. Finally, Van ECK Associates Corp raised its holdings in shares of Brunswick by 78.7% during the fourth quarter. Van ECK Associates Corp now owns 55,646 shares of the company’s stock valued at $5,384,000 after purchasing an additional 24,501 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 357 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the transaction, the director now owns 23,211 shares in the company, valued at $1,864,771.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Nancy E. Cooper sold 357 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the sale, the director now owns 23,211 shares of the company’s stock, valued at $1,864,771.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Brenna Preisser sold 1,225 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $82.09, for a total transaction of $100,560.25. Following the sale, the vice president now directly owns 58,076 shares in the company, valued at approximately $4,767,458.84. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BC shares. Benchmark assumed coverage on shares of Brunswick in a report on Wednesday, May 22nd. They set a “buy” rating and a $100.00 price objective for the company. BNP Paribas restated a “neutral” rating and set a $82.00 target price (down from $94.00) on shares of Brunswick in a research report on Monday, April 15th. B. Riley upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and boosted their target price for the company from $100.00 to $108.00 in a research report on Tuesday, February 20th. Roth Mkm restated a “buy” rating and set a $94.00 target price on shares of Brunswick in a research report on Thursday, April 25th. Finally, DA Davidson restated a “neutral” rating and set a $77.00 target price on shares of Brunswick in a research report on Friday, March 15th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.38.

Check Out Our Latest Stock Analysis on BC

Brunswick Stock Performance

BC opened at $76.97 on Tuesday. The firm has a market cap of $5.20 billion, a P/E ratio of 14.31 and a beta of 1.55. Brunswick Co. has a 1-year low of $66.47 and a 1-year high of $99.68. The company has a 50 day simple moving average of $83.71 and a two-hundred day simple moving average of $86.61. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.68 and a quick ratio of 0.75.

Brunswick (NYSE:BCGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). Brunswick had a return on equity of 25.37% and a net margin of 6.24%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $2.57 EPS. Brunswick’s revenue was down 21.7% compared to the same quarter last year. Equities analysts forecast that Brunswick Co. will post 7.39 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.18%. Brunswick’s dividend payout ratio is 31.23%.

Brunswick Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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