Pershing Square Inc. (NYSE:PS) Receives Average Rating of “Hold” from Analysts

Shares of Pershing Square Inc. (NYSE:PS) have received a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $41.1250.

Several equities research analysts recently weighed in on the company. Citigroup decreased their price target on Pershing Square from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 13th. JonesTrading assumed coverage on shares of Pershing Square in a research note on Wednesday, July 8th. They issued a “buy” rating and a $39.00 price objective on the stock. Wall Street Zen cut shares of Pershing Square from a “hold” rating to a “sell” rating in a research note on Sunday, June 7th. Loop Capital assumed coverage on shares of Pershing Square in a research note on Tuesday, May 26th. They set a “buy” rating and a $49.00 price target on the stock. Finally, Zacks Research upgraded shares of Pershing Square to a “hold” rating in a research report on Friday, May 29th.

Insider Transactions at Pershing Square

In related news, CEO William A. Ackman acquired 800,000 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $23.77 per share, for a total transaction of $19,016,000.00. Following the transaction, the chief executive officer directly owned 1,500,000 shares of the company’s stock, valued at approximately $35,655,000. This trade represents a 114.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 21.79% of the company’s stock.

Pershing Square Stock Up 0.2%

Pershing Square stock opened at $34.33 on Wednesday. Pershing Square has a twelve month low of $22.01 and a twelve month high of $54.94. The stock’s 50 day moving average is $36.01. The firm has a market cap of $13.73 billion, a PE ratio of -40.21 and a beta of 2.27.

Pershing Square Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 13th will be issued a $0.122 dividend. The ex-dividend date is Monday, July 13th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 1.4%.

Pershing Square Company 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.