Empowered Funds LLC Has $822,000 Stock Holdings in Brunswick Co. (NYSE:BC)

Empowered Funds LLC decreased its position in Brunswick Co. (NYSE:BC) by 71.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,809 shares of the company’s stock after selling 24,354 shares during the period. Empowered Funds LLC’s holdings in Brunswick were worth $822,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in Brunswick by 0.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after purchasing an additional 145 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Brunswick by 2.8% in the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after buying an additional 153 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Brunswick by 3.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after acquiring an additional 174 shares in the last quarter. Comerica Bank raised its holdings in shares of Brunswick by 0.6% during the first quarter. Comerica Bank now owns 35,548 shares of the company’s stock worth $3,431,000 after acquiring an additional 205 shares during the period. Finally, CWM LLC lifted its position in Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after acquiring an additional 235 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BC shares. Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a report on Monday, July 29th. Citigroup increased their price objective on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Benchmark restated a “buy” rating and issued a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.23.

Brunswick Trading Up 1.5 %

Shares of Brunswick stock opened at $82.37 on Friday. The stock has a market cap of $5.43 billion, a P/E ratio of 20.49 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. Brunswick Co. has a 12-month low of $69.05 and a 12-month high of $99.68. The business’s 50 day moving average is $81.81 and its 200-day moving average is $78.79.

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Wednesday, November 20th. Brunswick’s dividend payout ratio is currently 41.79%.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 251,094 shares in the company, valued at $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,940 shares of company stock worth $2,321,176 over the last quarter. 0.81% of the stock is currently owned by insiders.

Brunswick 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.