Magnolia Capital Advisors LLC Has $1.29 Million Holdings in Johnson Controls International plc (NYSE:JCI)

Magnolia Capital Advisors LLC cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,389 shares of the company’s stock after selling 704 shares during the period. Magnolia Capital Advisors LLC’s holdings in Johnson Controls International were worth $1,294,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. U.S. Capital Wealth Advisors LLC grew its stake in Johnson Controls International by 7.7% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 5,696 shares of the company’s stock valued at $450,000 after acquiring an additional 409 shares during the period. Greenleaf Trust boosted its position in shares of Johnson Controls International by 17.7% during the fourth quarter. Greenleaf Trust now owns 27,467 shares of the company’s stock worth $2,168,000 after buying an additional 4,137 shares during the period. Golden State Equity Partners boosted its position in shares of Johnson Controls International by 38.4% during the fourth quarter. Golden State Equity Partners now owns 3,298 shares of the company’s stock worth $260,000 after buying an additional 915 shares during the period. Avantra Family Wealth Inc. acquired a new position in shares of Johnson Controls International during the fourth quarter worth about $508,000. Finally, Comprehensive Financial Consultants Institutional Inc. boosted its position in shares of Johnson Controls International by 2.2% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 58,812 shares of the company’s stock worth $4,642,000 after buying an additional 1,246 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on JCI shares. Oppenheimer upped their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Royal Bank of Canada upped their price objective on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Melius Research reaffirmed a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. dropped their target price on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $87.20.

Insider Activity

In other news, CEO George Oliver sold 110,616 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the transaction, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. The trade was a 18.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 647,787 shares of company stock valued at $53,972,452. 0.54% of the stock is owned by insiders.

Johnson Controls International Price Performance

NYSE:JCI opened at $78.00 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $80.97 and its two-hundred day moving average price is $76.53. The firm has a market capitalization of $51.49 billion, a price-to-earnings ratio of 30.71, a P/E/G ratio of 2.24 and a beta of 1.32. Johnson Controls International plc has a 12-month low of $52.02 and a 12-month high of $87.16.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

Johnson Controls International Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.