Physician Wealth Advisors Inc. Acquires Shares of 1,124 The Campbell Soup Company (NASDAQ:CPB)

Physician Wealth Advisors Inc. bought a new position in The Campbell Soup Company (NASDAQ:CPB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,124 shares of the company’s stock, valued at approximately $47,000.

Other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Campbell Soup by 1,593.8% during the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after buying an additional 1,792,005 shares during the period. Norges Bank acquired a new position in Campbell Soup during the 4th quarter worth $50,908,000. Van ECK Associates Corp grew its stake in shares of Campbell Soup by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after purchasing an additional 531,281 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Campbell Soup during the fourth quarter valued at $21,312,000. Finally, Vanguard Group Inc. raised its stake in shares of Campbell Soup by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company’s stock valued at $989,440,000 after purchasing an additional 447,203 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 20.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CPB shares. Stifel Nicolaus decreased their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Bank of America dropped their price target on shares of Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a research report on Thursday, March 6th. DA Davidson reduced their price objective on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Consumer Edge reissued an “equal weight” rating on shares of Campbell Soup in a research note on Monday, March 17th. Finally, Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Campbell Soup has a consensus rating of “Hold” and a consensus target price of $44.86.

Campbell Soup Price Performance

Shares of CPB opened at $39.92 on Tuesday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 2.71 and a beta of 0.15. The business’s 50-day moving average is $39.10 and its 200-day moving average is $42.92. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. The company’s revenue was up 9.3% on a year-over-year basis. Equities research analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 90.17%.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.