Brunswick Co. (BC) Stake Decreased by American Century Companies Inc.
American Century Companies Inc. lowered its position in Brunswick Co. (NYSE:BC) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,471 shares of the company’s stock after selling 2,630 shares during the quarter. American Century Companies Inc. owned about 0.15% of Brunswick worth $8,878,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. raised its stake in shares of Brunswick by 1,186.0% in the second quarter. Meeder Asset Management Inc. now owns 2,572 shares of the company’s stock valued at $166,000 after acquiring an additional 2,372 shares during the period. Dubuque Bank & Trust Co. raised its stake in shares of Brunswick by 4,476.9% in the third quarter. Dubuque Bank & Trust Co. now owns 2,975 shares of the company’s stock valued at $199,000 after acquiring an additional 2,910 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Brunswick in the second quarter valued at $200,000. GAM Holding AG purchased a new position in Brunswick in the 2nd quarter worth about $203,000. Finally, GWM Advisors LLC purchased a new position in Brunswick in the 3rd quarter worth about $217,000. 96.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of Brunswick stock opened at $51.07 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 0.57. Brunswick Co. has a 1 year low of $48.36 and a 1 year high of $69.82. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 0.93 and a beta of 1.81.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.64%. This is a boost from Brunswick’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, November 19th. Brunswick’s dividend payout ratio is presently 19.54%.
In other Brunswick news, insider John C. Pfeifer sold 5,446 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $66.95, for a total transaction of $364,609.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.
Several research firms recently commented on BC. Wedbush raised their price target on shares of Brunswick from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, August 13th. They noted that the move was a valuation call. KeyCorp raised their price target on shares of Brunswick from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Zacks Investment Research downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. ValuEngine downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $60.00 price target on shares of Brunswick in a research note on Friday, July 27th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Brunswick currently has a consensus rating of “Buy” and a consensus price target of $72.00.
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Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
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