Lenox Wealth Management Inc. Has $761,000 Holdings in J M Smucker Co (SJM)

Lenox Wealth Management Inc. boosted its position in shares of J M Smucker Co (NYSE:SJM) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,137 shares of the company’s stock after acquiring an additional 116 shares during the period. Lenox Wealth Management Inc.’s holdings in J M Smucker were worth $761,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SJM. Meeder Asset Management Inc. acquired a new position in J M Smucker during the 4th quarter worth approximately $44,000. Legacy Financial Advisors Inc. grew its holdings in J M Smucker by 21.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 905 shares of the company’s stock worth $85,000 after acquiring an additional 162 shares in the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in J M Smucker during the 3rd quarter worth approximately $103,000. Truvestments Capital LLC acquired a new position in J M Smucker during the 3rd quarter worth approximately $154,000. Finally, CWM LLC grew its holdings in J M Smucker by 347.5% during the 3rd quarter. CWM LLC now owns 1,763 shares of the company’s stock worth $181,000 after acquiring an additional 1,369 shares in the last quarter. Institutional investors own 79.33% of the company’s stock.

In other J M Smucker news, Director Kathryn W. Dindo purchased 500 shares of J M Smucker stock in a transaction that occurred on Thursday, December 27th. The stock was purchased at an average price of $92.20 per share, for a total transaction of $46,100.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Timothy P. Smucker purchased 11,000 shares of J M Smucker stock in a transaction that occurred on Wednesday, December 19th. The stock was acquired at an average price of $98.26 per share, with a total value of $1,080,860.00. Following the transaction, the director now owns 579,652 shares in the company, valued at $56,956,605.52. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 32,000 shares of company stock valued at $3,234,860. 3.92% of the stock is owned by insiders.

Several research analysts have commented on SJM shares. Jefferies Financial Group set a $125.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a report on Wednesday, November 28th. Credit Suisse Group upgraded shares of J M Smucker to a “hold” rating and set a $94.00 price target for the company in a report on Thursday, November 29th. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Wolfe Research cut shares of J M Smucker from a “peer perform” rating to an “underperform” rating in a report on Wednesday, September 26th. Finally, ValuEngine cut shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Six research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $116.85.

Shares of J M Smucker stock traded down $0.80 during trading hours on Wednesday, hitting $104.19. The company had a trading volume of 850,252 shares, compared to its average volume of 932,140. J M Smucker Co has a twelve month low of $91.32 and a twelve month high of $133.38. The company has a current ratio of 1.25, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 2.19 and a beta of 0.50.

J M Smucker (NYSE:SJM) last issued its earnings results on Wednesday, November 28th. The company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.12). J M Smucker had a net margin of 17.59% and a return on equity of 12.03%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the company posted $2.02 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts forecast that J M Smucker Co will post 8.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.40 annualized dividend and a yield of 3.26%. J M Smucker’s dividend payout ratio (DPR) is 42.71%.

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About J M Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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