1 week Ago By ABMN Staff
Prudential Financial Inc. decreased its position in Acushnet Holdings Corp. ( NYSE:GOLF – Free Report ) by 26.
6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,553 shares of the company’s stock after selling 1,290 shares during the quarter. Prudential Financial Inc.
’s holdings in Acushnet were worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds have also modified their holdings of the company. Blue Trust Inc.
raised its stake in Acushnet by 100.6% during the fourth quarter. Blue Trust Inc.
now owns 351 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares in the last quarter. Berry Wealth Group LP bought a new stake in shares of Acushnet in the 4th quarter worth about $202,000. Heritage Family Offices LLP purchased a new stake in shares of Acushnet during the 4th quarter valued at about $205,000.
Corient Private Wealth LLC bought a new position in shares of Acushnet in the 4th quarter valued at about $210,000. Finally, Leavell Investment Management Inc. purchased a new position in Acushnet in the fourth quarter worth about $210,000.
53.12% of the stock is owned by hedge funds and other institutional investors. Acushnet Trading Down 1.
8 % GOLF opened at $60.89 on Friday. The company has a debt-to-equity ratio of 0.
79, a quick ratio of 1.14 and a current ratio of 2.10.
The stock’s 50 day moving average price is $65.47 and its 200-day moving average price is $67.47.
Acushnet Holdings Corp. has a one year low of $55.31 and a one year high of $76.
65. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 20.
71 and a beta of 0.84. Acushnet Increases Dividend The business also recently announced a quarterly dividend, which was paid on Friday, March 21st.
Stockholders of record on Friday, March 7th were given a dividend of $0.235 per share. The ex-dividend date was Friday, March 7th.
This is a positive change from Acushnet’s previous quarterly dividend of $0.22. This represents a $0.
94 dividend on an annualized basis and a dividend yield of 1.54%. Acushnet’s dividend payout ratio (DPR) is 28.
23%. Analyst Ratings Changes A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co.
downgraded Acushnet from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $69.00 to $64.00 in a research report on Thursday, January 23rd.
KeyCorp cut their target price on Acushnet from $80.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th.
Compass Point upgraded Acushnet from a “neutral” rating to a “buy” rating and raised their price target for the stock from $77.00 to $80.00 in a research report on Tuesday, March 4th.
Finally, StockNews.com cut shares of Acushnet from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company.
Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.80. Get Our Latest Stock Analysis on GOLF Insider Activity In other news, insider Steven Francis Pelisek sold 20,000 shares of the stock in a transaction that occurred on Monday, March 10th.
The shares were sold at an average price of $70.86, for a total transaction of $1,417,200.00.
Following the transaction, the insider now directly owns 96,006 shares in the company, valued at approximately $6,802,985.16. This trade represents a 17.
24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Insiders own 54.
60% of the company’s stock. Acushnet Profile ( Free Report ) Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally.
The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. Featured Articles Want to see what other hedge funds are holding GOLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acushnet Holdings Corp.
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