Wealth Enhancement Advisory Services LLC Has $390,000 Holdings in Brunswick Co. (NYSE:BC)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Brunswick Co. (NYSE:BC) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,647 shares of the company’s stock after buying an additional 174 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Brunswick were worth $390,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BC. Baillie Gifford & Co. boosted its stake in Brunswick by 88.0% during the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock worth $176,903,000 after acquiring an additional 1,137,568 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Brunswick during the first quarter worth $38,655,000. Swedbank AB bought a new position in Brunswick during the first quarter worth $19,304,000. Vanguard Group Inc. boosted its stake in Brunswick by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock worth $701,331,000 after acquiring an additional 160,531 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Brunswick by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company’s stock worth $152,577,000 after acquiring an additional 144,416 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the transaction, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the transaction, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the sale, the chief executive officer now owns 251,094 shares of the company’s stock, valued at approximately $20,142,760.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,940 shares of company stock worth $2,321,176. 0.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BC has been the topic of a number of recent research reports. Northcoast Research raised shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, July 29th. Benchmark reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Brunswick in a research note on Friday, October 25th. Robert W. Baird dropped their price objective on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. JPMorgan Chase & Co. dropped their price objective on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $70.00 price objective (down from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.23.

Brunswick Price Performance

BC opened at $83.85 on Friday. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 20.86 and a beta of 1.51. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. The firm has a 50-day moving average price of $81.01 and a 200-day moving average price of $78.85. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be given a $0.42 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. Brunswick’s dividend payout ratio (DPR) is currently 41.79%.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.