Vanguard Group Inc. Has $189.21 Million Stake in Acushnet Holdings Corp. (NYSE:GOLF)

Vanguard Group Inc. lifted its position in shares of Acushnet Holdings Corp. (NYSE:GOLF) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,995,230 shares of the company’s stock after buying an additional 20,547 shares during the quarter. Vanguard Group Inc. owned about 4.72% of Acushnet worth $189,209,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Acushnet by 1.3% in the 4th quarter. Wellington Management Group LLP now owns 1,964,870 shares of the company’s stock worth $124,121,000 after acquiring an additional 25,869 shares in the last quarter. Seven Eight Capital LP bought a new stake in Acushnet in the fourth quarter worth approximately $1,363,000. First National Bank of Omaha increased its holdings in Acushnet by 7.0% in the fourth quarter. First National Bank of Omaha now owns 10,745 shares of the company’s stock worth $679,000 after purchasing an additional 703 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Acushnet in the fourth quarter valued at approximately $1,158,000. Finally, Eagle Asset Management Inc. bought a new position in shares of Acushnet during the 4th quarter worth approximately $7,673,000. Institutional investors own 53.12% of the company’s stock.

Acushnet Stock Down 0.2 %

Shares of NYSE GOLF opened at $61.27 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.69 and a quick ratio of 1.46. Acushnet Holdings Corp. has a 1 year low of $49.42 and a 1 year high of $70.10. The stock has a market capitalization of $3.86 billion, a P/E ratio of 21.27 and a beta of 0.85. The company has a 50-day moving average price of $63.89 and a 200-day moving average price of $64.16.

Acushnet (NYSE:GOLF) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.19. Acushnet had a return on equity of 20.65% and a net margin of 8.03%. The firm had revenue of $707.55 million during the quarter, compared to analyst estimates of $692.41 million. On average, equities research analysts forecast that Acushnet Holdings Corp. will post 3.12 EPS for the current fiscal year.

Acushnet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, June 7th. Acushnet’s dividend payout ratio (DPR) is presently 29.86%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GOLF. JPMorgan Chase & Co. boosted their target price on shares of Acushnet from $62.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Truist Financial upped their price objective on shares of Acushnet from $62.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Acushnet has a consensus rating of “Hold” and an average target price of $66.38.

Acushnet Company Profile

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.