CoreCap Advisors LLC, a boutique financial advisory firm in the United States, has decided to lessen its stake in PulteGroup, Inc. (NYSE:PHM), according to the most recent Form 13F filing submitted by the company to the Securities and Exchange Commission (SEC). The filing reveals that CoreCap Advisors LLC’s stake in PulteGroup decreased by 19.9% during the fourth quarter of the fiscal year, with the firm selling 1,796 shares of stake out of its total holding of 7,207 shares. As per the latest SEC filing, CoreCap Advisors LLC’s holdings in PulteGroup are now valued at $328,000.
Moreover, PulteGroup recently announced that it will be paying a quarterly dividend on Wednesday, July 5th to record holders on Tuesday, June 20th. The dividend payout ratio is $0.16 per share for this quarter and $0.64 annually with a yield of nearly 1%. The ex-dividend date is Friday, June 16th.The construction company’s payout ratio currently stands at 5.51% which means it pays out a small percentage of its income as dividends.
In an announcement made through a securities filing with SEC earlier this year on Thursday March 2nd Todd N. Sheldon CEO- EVP sold off some portion of his stake amounting to fifteen thousand nine hundred ninety eight shares for an average price of US$53.83 each and pocketed US$861172.34; following that transaction he currently holds up around eighty two thousand three hundred thirty nine shares valued around US$4m third seven dollars and being part owner still.
Another securities’ filing disclosed that Robert Oshaughnessy CFO sold off one hundred fifteen thousand one hundred two stocks last month for an average price per share worth US$66 improving Robert’s earnings balance sheet by approximately seven million seven hundred thousand three hundred twenty-three-dollar ($7700323.80), subsequently leaving him with a stock portfolio of one hundred seventy-seven thousand five hundred sixty-four shares worth almost eleven million nine hundred thousand thirty-one dollars 60 cents($11,879,031.60). Putting an icing on the cake, it has been reported that Todd N. Sheldon CEO – EVP again made a sell off of stalwart-amounting to a fifteen-eighty-998 share in this month of March for an average price of US$53.83 which sums up to the total transaction value of US$861172.34; making his ownership platform roughly counts as eighty-two-thousand three-hundred thirty-nine-shares valued at $4,432,308.37
It is interesting to note that these insider sell-offs have culminated in the disposal of around two hundred forty-four thousand one hundred company shares worth approximately sixteen million (~16,000,000) by insiders alone just this past quarter.
For investors who are considering investing in PulteGroup’s stocks should always check the company’s Form 13F filing with the SEC regularly and survey any fluctuations in holdings held by various sellers and buyers alike prior making any investment decisions based upon data received from securities filings because the same may serve as warning tool for risk assessment and identifying real-time trends up or down on when to buy-sell or hold onto PHM holdings.
In conclusion, while PulteGroup has recently seen some reductions among its stakeholders and experienced some insider selling activity in recent months, there is still much to be optimistic about for prospective investors considering buying into PulteGroup’s stocks. The earning yield offers an impressive annualized dividend payout ratio for shareholders appreciating steady passive income streams furthermore.
PulteGroup Attracts Interest from Hedge Funds and Institutional Investors Amid Optimistic Earnings Results and Real Estate Market Outlook
PulteGroup, Inc. (NYSE:PHM) continues to attract the interest of hedge funds and institutional investors as evidenced by a flurry of trading activity over the last few quarters. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in PulteGroup by 1.4%, while Veriti Management LLC raised its holdings by 4% and Advisors Asset Management Inc. raised its holdings by an impressive 17.6%. These increases have been mirrored in CWM LLC’s recent acquisition of 268 shares, as well as Fiduciary Planning LLC’s acquisition of an additional 282 shares during Q3 2016.
Notably, Bloomberg.com reveals that out of sixteen analysts who have followed PulteGroup, fifteen are recommending buying this stock while only one is saying hold. The same source has given an average target price for PHM at $67.14 which translates to potential capital gains above 1%, compared to recent levels over the last three months.
The company also recently announced a $0.16 dividend payable on July 5th to shareholders on record as of June 20th with a current yield of just under one percent.
During the first financial quarter ended April 25th, PulteGroup reported earnings per share (EPS) results of $2.35 for the quarter making it one the best-performing construction companies in recent years beating their estimated consensus EPS by $0.57.
Currently trading at approximately $66 a share, PulteGroup’s market cap is currently standing at roughly $14bn with a PE ratio hovering around six times future earnings expectations; thereby reflecting optimism from investors regarding their future prospects in a robust real estate market across multiple locations within US based markets; something that continues to fuel expectations that investor demand inflows will increase significantly throughout until Q3-Q-4/2017.
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