Boston Private Wealth LLC Has $3.64 Million Holdings in Tupperware Brands Co. (TUP)
Boston Private Wealth LLC trimmed its stake in Tupperware Brands Co. (NYSE:TUP) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,871 shares of the company’s stock after selling 3,186 shares during the quarter. Boston Private Wealth LLC owned approximately 0.12% of Tupperware Brands worth $3,639,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in Tupperware Brands by 0.8% in the third quarter. Principal Financial Group Inc. now owns 1,135,842 shares of the company’s stock valued at $70,217,000 after purchasing an additional 8,594 shares in the last quarter. Schroder Investment Management Group grew its stake in Tupperware Brands by 0.5% in the third quarter. Schroder Investment Management Group now owns 1,010,023 shares of the company’s stock valued at $61,844,000 after purchasing an additional 4,611 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Tupperware Brands by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 917,346 shares of the company’s stock worth $64,424,000 after acquiring an additional 16,545 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Tupperware Brands by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 846,231 shares of the company’s stock worth $52,314,000 after acquiring an additional 7,401 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Tupperware Brands by 0.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 809,669 shares of the company’s stock worth $50,054,000 after acquiring an additional 5,141 shares during the period. Hedge funds and other institutional investors own 83.98% of the company’s stock.
Several brokerages have recently commented on TUP. Morgan Stanley lifted their target price on Tupperware Brands from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded Tupperware Brands from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. TheStreet downgraded Tupperware Brands from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of Tupperware Brands in a research note on Saturday, November 25th. Finally, SunTrust Banks reiterated a “hold” rating and set a $65.00 target price on shares of Tupperware Brands in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $68.33.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.09. The business had revenue of $539.50 million during the quarter, compared to analysts’ expectations of $538.80 million. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.87 EPS. equities research analysts predict that Tupperware Brands Co. will post 4.75 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.72 annualized dividend and a yield of 4.39%. Tupperware Brands’s payout ratio is currently 98.91%.
In other Tupperware Brands news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $59.39, for a total value of $118,780.00. Following the completion of the transaction, the executive vice president now directly owns 10,765 shares of the company’s stock, valued at approximately $639,333.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman E V. Goings sold 44,600 shares of Tupperware Brands stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total value of $2,642,996.00. Following the completion of the transaction, the chairman now directly owns 54,059 shares of the company’s stock, valued at $3,203,536.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,600 shares of company stock valued at $2,884,896. 3.14% of the stock is currently owned by insiders.
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Tupperware Brands Company Profile
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
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