Wall Street Zen upgraded shares of Betterware de Mexico SAPI de C (NYSE:BWMX – Free Report) from a buy rating to a strong-buy rating in a research note released on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Betterware de Mexico SAPI de C in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.
Get Our Latest Stock Report on Betterware de Mexico SAPI de C
Betterware de Mexico SAPI de C Stock Up 0.3%
Betterware de Mexico SAPI de C (NYSE:BWMX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $0.57 earnings per share for the quarter. The business had revenue of $237.83 million for the quarter. Betterware de Mexico SAPI de C had a net margin of 8.35% and a return on equity of 77.89%. On average, research analysts predict that Betterware de Mexico SAPI de C will post 2.5 EPS for the current fiscal year.
Betterware de Mexico SAPI de C Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a dividend of $0.3252 per share. This represents a $1.30 dividend on an annualized basis and a yield of 8.2%. This is an increase from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, August 6th. Betterware de Mexico SAPI de C’s payout ratio is presently 71.04%.
Insider Buying and Selling
In related news, Chairman Luis Campos purchased 46,830 shares of Betterware de Mexico SAPI de C stock in a transaction on Monday, July 27th. The stock was purchased at an average cost of $16.41 per share, with a total value of $768,480.30. Following the acquisition, the chairman directly owned 20,249,565 shares in the company, valued at approximately $332,295,361.65. This trade represents a 0.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have acquired 75,762 shares of company stock worth $1,260,050.
Institutional Trading of Betterware de Mexico SAPI de C
A number of hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in Betterware de Mexico SAPI de C during the first quarter valued at approximately $29,000. Confluence Investment Management LLC boosted its stake in shares of Betterware de Mexico SAPI de C by 17.1% in the 2nd quarter. Confluence Investment Management LLC now owns 12,096 shares of the company’s stock valued at $218,000 after purchasing an additional 1,768 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Betterware de Mexico SAPI de C by 88,706.7% in the 1st quarter. NewEdge Advisors LLC now owns 13,321 shares of the company’s stock worth $225,000 after purchasing an additional 13,306 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of Betterware de Mexico SAPI de C during the 1st quarter worth about $613,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Betterware de Mexico SAPI de C during the 1st quarter worth about $785,000. Institutional investors own 12.72% of the company’s stock.
Betterware de Mexico SAPI de C Company Profile
Betterware de Mexico SAPI de C.V. is a Mexico City–based home solutions company that designs, sources and distributes a broad portfolio of organizational and household products. Through a direct-to-consumer model, Betterware offers storage and organization items, kitchenware, cleaning tools, personal care accessories and pet care products. The company leverages both digital channels and a catalog-driven distribution network to reach end customers, pairing an e-commerce platform with an independent sales advisor network.
Founded in 1995, Betterware has built a multi-channel sales infrastructure that relies on regional distribution centers and a large community of independent representatives.
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