46,587 Shares in Betterware de Mexico SAPI de C $BWMX Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC acquired a new stake in Betterware de Mexico SAPI de C (NYSE:BWMX) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 46,587 shares of the company’s stock, valued at approximately $785,000.

Several other institutional investors have also added to or reduced their stakes in BWMX. Quattro Financial Advisors LLC increased its holdings in shares of Betterware de Mexico SAPI de C by 42.9% in the 4th quarter. Quattro Financial Advisors LLC now owns 50,000 shares of the company’s stock worth $710,000 after purchasing an additional 15,000 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Betterware de Mexico SAPI de C by 11.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 60,663 shares of the company’s stock worth $862,000 after purchasing an additional 6,274 shares during the last quarter. State Street Corp lifted its holdings in shares of Betterware de Mexico SAPI de C by 7.0% during the fourth quarter. State Street Corp now owns 90,082 shares of the company’s stock valued at $1,280,000 after purchasing an additional 5,881 shares in the last quarter. Sei Investments Co. bought a new position in shares of Betterware de Mexico SAPI de C during the first quarter valued at $613,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Betterware de Mexico SAPI de C by 177.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company’s stock valued at $1,224,000 after buying an additional 46,452 shares during the last quarter. 12.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Zacks Research downgraded Betterware de Mexico SAPI de C from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of Betterware de Mexico SAPI de C from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Insider Activity at Betterware de Mexico SAPI de C

In other news, Chairman Luis Campos acquired 3,917 shares of Betterware de Mexico SAPI de C stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $16.93 per share, for a total transaction of $66,314.81. Following the completion of the transaction, the chairman owned 20,253,482 shares in the company, valued at $342,891,450.26. The trade was a 0.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Betterware de Mexico SAPI de C Trading Up 0.6%

Shares of BWMX stock opened at $17.21 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 2.96. Betterware de Mexico SAPI de C has a 12-month low of $12.34 and a 12-month high of $19.79. The stock has a market capitalization of $642.43 million, a P/E ratio of 9.41 and a beta of 1.05. The firm’s 50 day moving average is $17.82 and its 200 day moving average is $17.67.

Betterware de Mexico SAPI de C (NYSE:BWMX) last announced its earnings results on Wednesday, July 1st. The company reported $0.57 earnings per share for the quarter. The business had revenue of $237.83 million during the quarter. Betterware de Mexico SAPI de C had a net margin of 8.35% and a return on equity of 77.89%. Research analysts expect that Betterware de Mexico SAPI de C will post 2.48 earnings per share for the current year.

Betterware de Mexico SAPI de C Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be issued a $0.3252 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This is an increase from Betterware de Mexico SAPI de C’s previous quarterly dividend of $0.31. This represents a $1.30 annualized dividend and a dividend yield of 7.6%. Betterware de Mexico SAPI de C’s dividend payout ratio is presently 60.11%.

Betterware de Mexico SAPI de C Profile

Betterware de Mexico SAPI de C.V. is a Mexico City–based home solutions company that designs, sources and distributes a broad portfolio of organizational and household products. Through a direct-to-consumer model, Betterware offers storage and organization items, kitchenware, cleaning tools, personal care accessories and pet care products. The company leverages both digital channels and a catalog-driven distribution network to reach end customers, pairing an e-commerce platform with an independent sales advisor network.

Founded in 1995, Betterware has built a multi-channel sales infrastructure that relies on regional distribution centers and a large community of independent representatives.