Thomson Reuters Co. (NYSE:TRI) Shares Sold by Vista Investment Partners LLC

Vista Investment Partners LLC cut its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.7% in the 1st quarter, Holdings Channel reports. The fund owned 25,318 shares of the business services provider’s stock after selling 187 shares during the quarter. Thomson Reuters accounts for approximately 1.3% of Vista Investment Partners LLC’s portfolio, making the stock its 22nd biggest position. Vista Investment Partners LLC’s holdings in Thomson Reuters were worth $4,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC raised its stake in shares of Thomson Reuters by 1.5% during the fourth quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider’s stock worth $695,000 after purchasing an additional 62 shares during the last quarter. Addison Advisors LLC increased its stake in Thomson Reuters by 5.7% in the 4th quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider’s stock valued at $204,000 after buying an additional 68 shares during the period. Rhumbline Advisers raised its position in Thomson Reuters by 1.5% during the 1st quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider’s stock worth $770,000 after buying an additional 68 shares during the last quarter. Cookson Peirce & Co. Inc. raised its position in Thomson Reuters by 2.1% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,810 shares of the business services provider’s stock worth $611,000 after buying an additional 78 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Thomson Reuters by 25.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider’s stock worth $71,000 after acquiring an additional 84 shares during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

NYSE TRI opened at $196.23 on Tuesday. The business has a 50 day moving average price of $187.67 and a 200 day moving average price of $175.20. The company has a market capitalization of $88.40 billion, a P/E ratio of 40.13, a PEG ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a 1-year low of $150.01 and a 1-year high of $199.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.07. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Thomson Reuters’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 earnings per share. Sell-side analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.595 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.21%. Thomson Reuters’s dividend payout ratio (DPR) is currently 49.69%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Securities boosted their price target on shares of Thomson Reuters from $177.00 to $182.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 29th. Wall Street Zen cut Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. Wells Fargo & Company increased their target price on Thomson Reuters from $187.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Monday. Royal Bank of Canada lifted their price target on Thomson Reuters from $182.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Thomson Reuters has a consensus rating of “Hold” and an average price target of $187.30.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.