Bartlett & CO. Wealth Management LLC Sells 133 Shares of PulteGroup, Inc. (NYSE:PHM)

Bartlett & CO. Wealth Management LLC reduced its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 17.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 649 shares of the construction company’s stock after selling 133 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in PulteGroup were worth $71,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. lifted its stake in shares of PulteGroup by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 11,254,274 shares of the construction company’s stock worth $1,647,364,000 after acquiring an additional 585,735 shares during the last quarter. FMR LLC lifted its stake in shares of PulteGroup by 102.3% during the 3rd quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock worth $1,297,630,000 after acquiring an additional 4,571,757 shares during the last quarter. Greenhaven Associates Inc. lifted its stake in shares of PulteGroup by 0.3% during the 3rd quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company’s stock worth $802,789,000 after acquiring an additional 16,871 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of PulteGroup by 7.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,864,040 shares of the construction company’s stock worth $267,546,000 after acquiring an additional 135,391 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of PulteGroup by 10.0% during the 4th quarter. Nordea Investment Management AB now owns 1,424,119 shares of the construction company’s stock worth $155,856,000 after acquiring an additional 129,975 shares during the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Trading Down 0.7 %

Shares of NYSE:PHM opened at $115.66 on Friday. The business’s 50-day moving average is $119.28 and its 200 day moving average is $127.19. PulteGroup, Inc. has a 1 year low of $100.24 and a 1 year high of $149.47. The firm has a market capitalization of $23.72 billion, a P/E ratio of 8.53, a P/E/G ratio of 0.46 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.90 earnings per share. On average, research analysts predict that PulteGroup, Inc. will post 12.96 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. PulteGroup’s dividend payout ratio is currently 6.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wedbush raised PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Friday, January 3rd. Evercore ISI decreased their target price on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. Barclays decreased their price objective on PulteGroup from $140.00 to $125.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, Citigroup decreased their price objective on PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

PulteGroup Profile

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.