300,000 Shares in Pershing Square Inc. $PS Purchased by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd acquired a new stake in Pershing Square Inc. (NYSE:PS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 300,000 shares of the company’s stock, valued at approximately $9,858,000.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group started coverage on Pershing Square in a research note on Tuesday, May 26th. They issued a “neutral” rating and a $39.00 price target on the stock. Citigroup cut shares of Pershing Square from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research note on Wednesday. Jefferies Financial Group started coverage on shares of Pershing Square in a research note on Monday, May 25th. They issued a “hold” rating and a $40.00 price target on the stock. Oppenheimer began coverage on shares of Pershing Square in a research report on Tuesday, May 26th. They set a “market perform” rating for the company. Finally, Wells Fargo & Company decreased their target price on Pershing Square from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, July 20th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.56.

Pershing Square Stock Performance

Shares of Pershing Square stock opened at $39.99 on Monday. The company has a 50-day simple moving average of $35.32. The company has a market capitalization of $16.00 billion and a PE ratio of 285.64. Pershing Square Inc. has a 52-week low of $22.01 and a 52-week high of $54.94.

Pershing Square (NYSE:PS) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $68.03 million for the quarter. Equities analysts anticipate that Pershing Square Inc. will post 0.56 EPS for the current year.

Pershing Square Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were issued a dividend of $0.122 per share. The ex-dividend date of this dividend was Monday, July 13th. This represents a $0.49 annualized dividend and a dividend yield of 1.2%. Pershing Square’s dividend payout ratio (DPR) is currently 350.00%.

Pershing Square Profile

Pershing Square (NYSE: PS) is a publicly traded investment holding company managed by Pershing Square Capital Management, L.P., the investment firm founded and led by William “Bill” Ackman. The vehicle provides outside investors with exposure to the firm’s concentrated, actively managed investment program and is designed to deliver long‑term capital appreciation through a portfolio of equity and related positions.

The company’s principal activities center on investing in publicly traded companies, typically through concentrated long equity positions and selectively using derivatives or other instruments for hedging or to implement investment views.