Bank Julius Baer & Co. Ltd Zurich Has $4.29 Million Stock Holdings in PulteGroup, Inc. $PHM

Bank Julius Baer & Co. Ltd Zurich lifted its position in PulteGroup, Inc. (NYSE:PHM) by 86,526.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,848 shares of the construction company’s stock after buying an additional 39,802 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in PulteGroup were worth $4,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Traub Capital Management LLC bought a new position in PulteGroup in the 2nd quarter worth $809,000. Portside Wealth Group LLC acquired a new stake in shares of PulteGroup in the second quarter valued at about $241,000. Nomura Asset Management Co. Ltd. increased its stake in shares of PulteGroup by 4.1% in the second quarter. Nomura Asset Management Co. Ltd. now owns 100,293 shares of the construction company’s stock worth $10,577,000 after purchasing an additional 3,923 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of PulteGroup by 13.5% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 133,104 shares of the construction company’s stock worth $14,037,000 after purchasing an additional 15,876 shares during the last quarter. Finally, Creative Planning boosted its stake in PulteGroup by 6.8% during the 2nd quarter. Creative Planning now owns 29,726 shares of the construction company’s stock valued at $3,135,000 after purchasing an additional 1,899 shares during the period. 89.90% of the stock is owned by institutional investors.

PulteGroup Stock Up 5.1%

PHM opened at $120.15 on Friday. The company has a market capitalization of $23.42 billion, a P/E ratio of 9.25, a P/E/G ratio of 0.95 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s fifty day moving average price is $124.39 and its two-hundred day moving average price is $117.34. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $142.11.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.10. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the firm earned $3.35 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. PulteGroup’s dividend payout ratio (DPR) is presently 8.01%.

Wall Street Analyst Weigh In

Several research analysts have commented on PHM shares. Citigroup lifted their price target on PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Wedbush reaffirmed an “outperform” rating and set a $150.00 target price on shares of PulteGroup in a research report on Tuesday, October 21st. Evercore ISI cut their target price on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a research note on Wednesday, October 22nd. Wells Fargo & Company raised their price target on shares of PulteGroup from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of PulteGroup in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $133.67.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.