Latest Stocks: J M Smucker Co (SJM) is Wellington Shields Capital Management LLC’s 10th Largest Position

Latest Stocks: J M Smucker Co (SJM) is Wellington Shields Capital Management LLC’s 10th Largest Position

Wellington Shields Capital Management LLC lowered its stake in shares of J M Smucker Co (NYSE:SJM) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,529 shares of the company’s stock after selling 1,357 shares during the period. J M Smucker accounts for 1.0% of Wellington Shields Capital Management LLC’s portfolio, making the stock its 10th largest position. Wellington Shields Capital Management LLC’s holdings in J M Smucker were worth $6,492,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Advantage Investment Management LLC purchased a new stake in shares of J M Smucker during the fourth quarter valued at $127,000. Sowell Financial Services LLC purchased a new stake in shares of J M Smucker during the fourth quarter valued at $147,000. Fenimore Asset Management Inc. purchased a new stake in shares of J M Smucker during the first quarter valued at $200,000. Advisory Services Network LLC purchased a new stake in shares of J M Smucker during the first quarter valued at $221,000. Finally, HPM Partners LLC purchased a new stake in shares of J M Smucker during the first quarter valued at $229,000. 75.27% of the stock is owned by institutional investors.

Shares of J M Smucker Co (NYSE:SJM) opened at 130.50 on Tuesday. J M Smucker Co has a one year low of $122.05 and a one year high of $157.31. The company has a 50-day moving average of $126.81 and a 200 day moving average of $131.36. The stock has a market cap of $15.20 billion, a PE ratio of 22.72 and a beta of 0.54.

Several equities research analysts recently weighed in on SJM shares. Citigroup Inc reduced their price target on shares of J M Smucker from $161.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, May 9th. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Monday, February 27th. Jefferies Group LLC reissued a “hold” rating and set a $130.00 price target (up previously from $125.00) on shares of J M Smucker in a research report on Thursday, February 23rd. Deutsche Bank AG started coverage on shares of J M Smucker in a research report on Wednesday, February 15th. They set a “hold” rating and a $145.00 price target for the company. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $126.00 price target on shares of J M Smucker in a research report on Thursday, June 1st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $135.91. About J M Smucker

Related posts

Leave a Comment