Limoneira (NASDAQ:LMNR) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in Limoneira (NASDAQ:LMNR) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 375,072 shares of the company’s stock after selling 8,353 shares during the period. Geode Capital Management LLC’s holdings in Limoneira were worth $9,942,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LMNR. BNP Paribas Financial Markets grew its position in Limoneira by 14.3% during the third quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock valued at $92,000 after acquiring an additional 436 shares during the period. Rhumbline Advisers increased its position in Limoneira by 7.4% during the 2nd quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock worth $473,000 after purchasing an additional 1,565 shares in the last quarter. Bank of New York Mellon Corp increased its position in Limoneira by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 129,738 shares of the company’s stock worth $2,700,000 after purchasing an additional 1,934 shares in the last quarter. Gabelli Funds LLC raised its holdings in Limoneira by 2.5% in the second quarter. Gabelli Funds LLC now owns 123,300 shares of the company’s stock valued at $2,566,000 after buying an additional 3,000 shares during the period. Finally, American Century Companies Inc. lifted its position in Limoneira by 32.9% during the second quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock valued at $462,000 after buying an additional 5,498 shares in the last quarter. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

Limoneira Trading Up 1.7 %

LMNR opened at $24.46 on Thursday. The firm’s 50 day moving average is $26.58 and its 200-day moving average is $24.50. Limoneira has a 52-week low of $17.37 and a 52-week high of $29.22. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $442.31 million, a P/E ratio of 84.34 and a beta of 0.49.

Limoneira Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Monday, December 30th. Limoneira’s dividend payout ratio (DPR) is 78.95%.

Wall Street Analyst Weigh In

LMNR has been the subject of several recent research reports. Lake Street Capital reissued a “hold” rating and issued a $25.00 price objective on shares of Limoneira in a research report on Tuesday, September 10th. B. Riley increased their price target on Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, StockNews.com cut Limoneira from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Limoneira currently has an average rating of “Hold” and a consensus target price of $25.33.

Limoneira Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.