Clal Insurance Enterprises Holdings Ltd Invests $9.86 Million in Pershing Square Inc. $PS

Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Pershing Square Inc. (NYSE:PS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 300,000 shares of the company’s stock, valued at approximately $9,858,000. Clal Insurance Enterprises Holdings Ltd owned approximately 0.08% of Pershing Square as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings raised Pershing Square from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. UBS Group began coverage on shares of Pershing Square in a report on Tuesday, May 26th. They set a “neutral” rating and a $39.00 target price for the company. Zacks Research raised shares of Pershing Square to a “hold” rating in a research report on Friday, May 29th. Loop Capital assumed coverage on shares of Pershing Square in a research note on Tuesday, May 26th. They issued a “buy” rating and a $49.00 price target on the stock. Finally, Royal Bank Of Canada reduced their price objective on shares of Pershing Square from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $40.56.

Pershing Square Trading Down 0.2%

Shares of Pershing Square stock opened at $39.99 on Monday. The company has a market cap of $16.00 billion and a PE ratio of 285.64. Pershing Square Inc. has a 12-month low of $22.01 and a 12-month high of $54.94. The business’s 50 day moving average is $35.32.

Pershing Square (NYSE:PS) last released its earnings results on Wednesday, August 12th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $68.03 million during the quarter. Analysts forecast that Pershing Square Inc. will post 0.56 earnings per share for the current fiscal year.

Pershing Square Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 13th were paid a $0.122 dividend. The ex-dividend date was Monday, July 13th. This represents a $0.49 dividend on an annualized basis and a yield of 1.2%. Pershing Square’s dividend payout ratio (DPR) is currently 350.00%.

About Pershing Square

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.