Shares of Constellation Brands Inc (STZ) traded up 1.99% during mid-day trading on Tuesday, reaching $217.23. Market watchers project the Canadian marijuana industry will ultimately be worth almost $10 billion, and Constellation expects to get a fair share. Constellation Brands comprises approximately 0.8% of Euclid Advisors LLC's investment portfolio, making the stock its 18th largest position. D L Carlson Investment Group Inc. boosted its stake in Constellation Brands by 22.3% during the 2nd quarter. PineBridge Investments L.P. now owns 690 shares of the company's stock worth $115,000 after buying an additional 530 shares in the last quarter. Brighton Jones LLC acquired a new stake in Constellation Brands during the 2nd quarter worth $245,000. Daiwa SB Investments Ltd. bought a new stake in shares of Constellation Brands during the second quarter worth $134,000. Finally, Oak Ridge Investments LLC boosted its stake in Constellation Brands by 24.4% during the 2nd quarter. 425,782 shares of the company traded hands.
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Shares of Constellation Brands Inc. The stock has a market capitalization of $30.57 billion, a PE ratio of 26.16 and a beta of 0.59.
Insider QUINN JAMES E bought 487 Shares Of Deckers Outdoor Corporation (DECK)
James Investment Research Inc. acquired a new stake in Deckers Outdoor Corporation in the 2nd quarter valued at about $148,000. The average Wall Street analyst rating for Deckers Outdoor Corporation is Hold, according to the average of 12 analyst scores.
Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 5th. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The company earned $2.02 billion during the quarter. During the same period in the prior year, the business posted $1.77 earnings per share. The firm's quarterly revenue was up 16.6% on a year-over-year basis.
Constellation said the transaction is expected to close during the Company's third quarter of fiscal 2018. The ex-dividend date is Monday, November 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.05%. Constellation Brands's dividend payout ratio (DPR) is presently 23.85%. Macquarie initiated coverage on shares of Constellation Brands in a research note on Thursday, September 14th. The company produces several brands of medical cannabis, including Tweed, Spectrum and Bedrocan. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. They set an "outperform" rating and a $227.00 target price on the stock. The stock was sold at an average price of $210.10, for a total transaction of $616,643.50. Following the completion of the transaction, the vice president now owns 88,602 shares of the company's stock, valued at $14,745,144.84.
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