Primo Water Co. (NYSE:PRMW) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. trimmed its stake in shares of Primo Water Co. (NYSE:PRMW) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,926 shares of the company’s stock after selling 498 shares during the period. Fulton Bank N.A.’s holdings in Primo Water were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Primo Water by 375.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,242 shares of the company’s stock worth $31,000 after purchasing an additional 981 shares during the period. Cedar Wealth Management LLC purchased a new stake in Primo Water during the first quarter worth $27,000. CWM LLC grew its position in Primo Water by 36.0% during the first quarter. CWM LLC now owns 2,384 shares of the company’s stock valued at $43,000 after buying an additional 631 shares during the period. Crewe Advisors LLC purchased a new position in Primo Water in the first quarter valued at $66,000. Finally, Clearstead Trust LLC acquired a new position in shares of Primo Water in the second quarter worth about $109,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PRMW shares. TD Securities raised their target price on Primo Water from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. CIBC raised their price objective on Primo Water from $24.00 to $26.00 and gave the company an “outperformer” rating in a report on Tuesday, June 18th. JPMorgan Chase & Co. lifted their price target on shares of Primo Water from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, June 18th. StockNews.com cut shares of Primo Water from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Raymond James lowered shares of Primo Water from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.83.

Primo Water Trading Up 0.8 %

Shares of PRMW opened at $25.43 on Wednesday. Primo Water Co. has a 52-week low of $12.92 and a 52-week high of $25.67. The stock has a market cap of $4.09 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. The firm’s fifty day moving average is $23.14 and its two-hundred day moving average is $21.46. The company has a quick ratio of 2.07, a current ratio of 2.18 and a debt-to-equity ratio of 0.86.

Primo Water (NYSE:PRMW) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Primo Water had a net margin of 12.61% and a return on equity of 8.94%. The company had revenue of $485.00 million during the quarter, compared to analysts’ expectations of $477.40 million. During the same quarter in the prior year, the company earned $0.22 EPS. Primo Water’s revenue was up 7.7% compared to the same quarter last year. Research analysts forecast that Primo Water Co. will post 0.88 earnings per share for the current fiscal year.

Primo Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Thursday, August 22nd. Primo Water’s dividend payout ratio (DPR) is currently 22.36%.

Primo Water Company Profile

Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored essence water, filtration units, and coffee.