LVW Advisors LLC Has $601,000 Stock Holdings in The Scotts Miracle-Gro Company (NYSE:SMG)

LVW Advisors LLC lifted its position in The Scotts Miracle-Gro Company (NYSE:SMG) by 11.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,934 shares of the basic materials company’s stock after buying an additional 711 shares during the quarter. LVW Advisors LLC’s holdings in Scotts Miracle-Gro were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Rise Advisors LLC lifted its stake in shares of Scotts Miracle-Gro by 135.2% in the first quarter. Rise Advisors LLC now owns 334 shares of the basic materials company’s stock worth $25,000 after buying an additional 192 shares during the last quarter. Versant Capital Management Inc raised its stake in Scotts Miracle-Gro by 80.1% during the 2nd quarter. Versant Capital Management Inc now owns 389 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 173 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Scotts Miracle-Gro during the 2nd quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Scotts Miracle-Gro during the 2nd quarter valued at $29,000. Finally, Hexagon Capital Partners LLC raised its stake in Scotts Miracle-Gro by 41.3% during the 2nd quarter. Hexagon Capital Partners LLC now owns 551 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 161 shares during the last quarter. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, Director Stephen L. Johnson sold 960 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $77.95, for a total transaction of $74,832.00. Following the transaction, the director now directly owns 22,940 shares in the company, valued at approximately $1,788,173. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Stephen L. Johnson sold 960 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $77.95, for a total value of $74,832.00. Following the sale, the director now directly owns 22,940 shares in the company, valued at $1,788,173. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $6,038,270.90. Following the completion of the sale, the insider now owns 13,608,238 shares in the company, valued at $965,232,321.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,078 shares of company stock worth $6,325,042. Company insiders own 26.46% of the company’s stock.

Scotts Miracle-Gro Stock Performance

SMG opened at $86.36 on Friday. The firm’s 50-day simple moving average is $74.66 and its 200-day simple moving average is $70.37. The Scotts Miracle-Gro Company has a twelve month low of $43.67 and a twelve month high of $88.35. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of -18.26 and a beta of 1.76.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.42. Scotts Miracle-Gro had a negative net margin of 7.38% and a negative return on equity of 41.19%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The company’s revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Scotts Miracle-Gro Company will post 2.62 EPS for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a dividend of $0.66 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.64 dividend on an annualized basis and a yield of 3.06%. Scotts Miracle-Gro’s payout ratio is presently -55.81%.

Analysts Set New Price Targets

Several equities analysts recently commented on SMG shares. Wells Fargo & Company upped their target price on shares of Scotts Miracle-Gro from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Stifel Nicolaus boosted their price target on shares of Scotts Miracle-Gro from $70.00 to $75.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $80.00.

Scotts Miracle-Gro Profile

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.