First Wilshire Securities Management Inc. Has $4.68 Million Position in Tupperware Brands Corporation (TUP)

First Wilshire Securities Management Inc. lowered its stake in Tupperware Brands Corporation (NYSE:TUP) by 1.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 74,576 shares of the company’s stock after selling 820 shares during the period. Tupperware Brands Corporation comprises approximately 1.4% of First Wilshire Securities Management Inc.’s portfolio, making the stock its 27th largest position. First Wilshire Securities Management Inc.’s holdings in Tupperware Brands Corporation were worth $4,677,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the company. A.R.T. Advisors LLC bought a new position in Tupperware Brands Corporation during the fourth quarter valued at $1,210,000. Zurich Insurance Group Ltd FI bought a new position in Tupperware Brands Corporation during the fourth quarter valued at $1,094,000. Comerica Bank increased its position in Tupperware Brands Corporation by 6.1% in the fourth quarter. Comerica Bank now owns 39,268 shares of the company’s stock valued at $2,149,000 after buying an additional 2,248 shares during the last quarter. American International Group Inc. increased its position in Tupperware Brands Corporation by 3.3% in the first quarter. American International Group Inc. now owns 118,307 shares of the company’s stock valued at $7,420,000 after buying an additional 3,834 shares during the last quarter. Finally, Yorktown Management & Research Co Inc bought a new position in Tupperware Brands Corporation during the first quarter valued at $201,000. 91.57% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Tupperware Brands Corporation (NYSE:TUP)

Tupperware Brands Corporation (TUP) traded down 1.13% during midday trading on Friday, reaching $70.97. The company’s stock had a trading volume of 504,065 shares. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 15.85 and a beta of 1.62. The stock’s 50-day moving average price is $71.78 and its 200-day moving average price is $62.24. Tupperware Brands Corporation has a 12 month low of $50.42 and a 12 month high of $74.36.

Tupperware Brands Corporation (NYSE:TUP) last posted its earnings results on Tuesday, April 25th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.07. The firm had revenue of $554.80 million for the quarter, compared to analyst estimates of $532.58 million. Tupperware Brands Corporation had a return on equity of 107.77% and a net margin of 10.15%. Tupperware Brands Corporation’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Analysts predict that Tupperware Brands Corporation will post $4.70 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Tuesday, June 20th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Friday, June 16th. Tupperware Brands Corporation’s dividend payout ratio is currently 60.85%.

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A number of equities research analysts have recently commented on TUP shares. Zacks Investment Research downgraded Tupperware Brands Corporation from a “buy” rating to a “hold” rating and set a $79.00 price objective for the company. in a research report on Tuesday, May 30th. Sidoti lifted their price objective on Tupperware Brands Corporation from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, May 22nd. Finally, B. Riley reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of Tupperware Brands Corporation in a research report on Sunday, April 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $68.20.

In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $62.58, for a total value of $125,160.00. Following the sale, the executive vice president now owns 24,765 shares of the company’s stock, valued at approximately $1,549,793.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Josef Hajek sold 2,950 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $71.59, for a total value of $211,190.50. Following the completion of the sale, the senior vice president now directly owns 6,304 shares in the company, valued at approximately $451,303.36. The disclosure for this sale can be found here. Insiders sold a total of 83,737 shares of company stock worth $6,059,740 in the last ninety days. 3.22% of the stock is owned by corporate insiders.

About Tupperware Brands Corporation

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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