Callaway Golf Company (NYSE:ELY) is expected to pay $0.01 on Dec 21, 2016. The indicated annual dividend is $0.04. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Callaway Golf Company’s current price of $12.44, the dividend is 0.08%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 16, 2016. The stock decreased 0.24% or $0.03 on November 25, hitting $12.44. About 243,380 shares traded hands. Callaway Golf Co (NYSE:ELY) has risen 33.33% since April 25, 2016 and is uptrending. It has outperformed by 27.32% the S&P500.
Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The company has a market cap of $1.17 billion. The Firm has two divisions: the golf clubs segment and golf balls segment. It has a 33.99 P/E ratio. The golf clubs segment consists of its woods, hybrids, irons and wedges and Odyssey putters.
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.28, from 1.41 in 2016Q1. The ratio worsened, as 22 funds sold all Callaway Golf Co shares owned while 52 reduced positions. 28 funds bought stakes while 76 increased positions. They now own 75.32 million shares or 1.95% less from 76.82 million shares in 2016Q1.
Menta Capital Ltd Liability Co owns 64,478 shares or 0.09% of their US portfolio. Baldwin Brothers Ma owns 630 shares or 0% of their US portfolio. Blackrock holds 0% of its portfolio in Callaway Golf Co (NYSE:ELY) for 20,831 shares. Great West Life Assurance Can accumulated 11,900 shares or 0% of the stock. Northpointe Cap Limited Liability has 1.62% invested in the company for 1.34 million shares. Hartford Inv Mngmt Communications, a Connecticut-based fund reported 383,646 shares. The California-based Park West Asset Mgmt Ltd Liability Co has invested 2.75% in Callaway Golf Co (NYSE:ELY). Boyar Asset Mngmt reported 44,519 shares or 0.36% of all its holdings. Proshare Advsrs Ltd Llc accumulated 13,636 shares or 0% of the stock. Moreover, Qs Investors Ltd Liability Co has 0% invested in Callaway Golf Co (NYSE:ELY) for 102 shares. Ftb Advsrs holds 0% or 2,742 shares in its portfolio. Boston Prtnrs holds 534,940 shares or 0.01% of its portfolio. Kbc Group Inc Nv has invested 0.01% of its portfolio in Callaway Golf Co (NYSE:ELY). Yost Management reported 2.26M shares or 12.54% of all its holdings. Granahan Investment Mgmt Ma has 0.15% invested in the company for 392,375 shares.
Callaway Golf Co (NYSE:ELY) Ratings Coverage
Out of 9 analysts covering Callaway Golf (NYSE:ELY), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. $14 is the highest target while $10 is the lowest. The $12.43 average target is -0.08% below today’s ($12.44) stock price. Callaway Golf has been the topic of 11 analyst reports since August 23, 2015 according to StockzIntelligence Inc. On Wednesday, February 24 the stock rating was upgraded by DA Davidson to “Buy”. The firm earned “Outperform” rating on Tuesday, March 15 by Imperial Capital. The firm has “Buy” rating by Sterne Agee CRT given on Sunday, August 23. The firm earned “Buy” rating on Friday, May 13 by Suntrust Robinson. The stock of Callaway Golf Co (NYSE:ELY) earned “Buy” rating by Ladenburg Thalmann on Monday, January 4. On Monday, May 23 the stock rating was upgraded by Wunderlich to “Buy”. On Friday, September 9 the stock rating was initiated by Compass Point with “Neutral”. The company was initiated on Thursday, June 30 by FBR Capital. On Friday, May 13 the stock rating was upgraded by SunTrust to “Buy”.
More important recent Callaway Golf Co (NYSE:ELY) news were published by: Bloomberg.com which released: “Callaway Surges After Nike Abandons Golf-Equipment Market” on August 04, 2016, also Fool.com published article titled: “Why Callaway Golf Co. Stock Was Surging Today”, Prnewswire.com published: “Callaway Golf Company to Broadcast Third Quarter 2016 Financial Results” on October 27, 2016. More interesting news about Callaway Golf Co (NYSE:ELY) was released by: Prnewswire.com and their article: “Callaway Golf Company Announces Second Quarter 2016 Financial Results …” with publication date: July 27, 2016.
ELY Company Profile
Callaway Golf Company, incorporated on May 7, 1999, designs, makes and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Firm has two divisions: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of the Company’s trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of the Company’s balls that are designed, manufactured and sold by the Company. The Firm sells its products to retailers, directly and through its wholly owned subsidiaries, and to third-party distributors. The Firm sells pre-owned golf products through its Website, www.callawaygolfpreowned.com. In addition, the Company sells Odyssey and its products direct to clients through its Websites www.callawaygolf.com and www.odysseygolf.com. The Firm also licenses its trademarks and service marks for use on golf related accessories, including golf apparel and footwear, prescription eyewear, golf gloves, umbrellas and practice aids. The Company’s products are sold in the United States and in approximately 100 countries around the world.
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