Scotts Miracle-Gro Co (SMG) Position Raised by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. increased its position in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 28.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,301 shares of the basic materials company’s stock after purchasing an additional 4,960 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Scotts Miracle-Gro were worth $1,752,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SMG. Enlightenment Research LLC acquired a new stake in shares of Scotts Miracle-Gro during the 4th quarter worth about $25,000. Toronto Dominion Bank acquired a new stake in shares of Scotts Miracle-Gro during the 4th quarter worth about $27,000. Rehmann Capital Advisory Group increased its position in shares of Scotts Miracle-Gro by 35.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 618 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 163 shares in the last quarter. Shine Investment Advisory Services Inc. increased its position in shares of Scotts Miracle-Gro by 106.5% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 510 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 263 shares in the last quarter. Finally, Bedel Financial Consulting Inc. increased its position in shares of Scotts Miracle-Gro by 58.5% during the 1st quarter. Bedel Financial Consulting Inc. now owns 515 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 65.04% of the company’s stock.

SMG opened at $89.71 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.59 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.96 and a beta of 0.94. Scotts Miracle-Gro Co has a 1-year low of $57.96 and a 1-year high of $94.49.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $3.42 by $0.22. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Scotts Miracle-Gro had a net margin of 8.67% and a return on equity of 53.15%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.88 EPS. As a group, equities research analysts forecast that Scotts Miracle-Gro Co will post 4.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, May 24th. Scotts Miracle-Gro’s payout ratio is presently 59.30%.

SMG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Scotts Miracle-Gro from an “underweight” rating to a “neutral” rating and set a $70.00 target price for the company in a research report on Thursday, January 31st. ValuEngine upgraded shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Bank of America cut shares of Scotts Miracle-Gro from a “neutral” rating to an “underperform” rating and increased their target price for the stock from $81.00 to $83.00 in a research report on Thursday, May 2nd. TheStreet upgraded shares of Scotts Miracle-Gro from a “c” rating to a “b” rating in a research report on Wednesday, May 1st. Finally, Raymond James cut shares of Scotts Miracle-Gro from an “outperform” rating to a “market perform” rating and set a $77.10 price objective for the company. in a research report on Wednesday, March 27th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $79.82.

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Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

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Institutional Ownership by Quarter for Scotts Miracle-Gro (NYSE:SMG)

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