Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Tiffany & Co. (NYSE:TIF) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 229,634 shares of the specialty retailer’s stock, valued at approximately $23,870,000.
A number of other hedge funds also recently modified their holdings of TIF. Nationwide Fund Advisors boosted its position in Tiffany & Co. by 11.6% during the third quarter. Nationwide Fund Advisors now owns 33,935 shares of the specialty retailer’s stock valued at $3,115,000 after purchasing an additional 3,539 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Tiffany & Co. by 23.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 16,920 shares of the specialty retailer’s stock valued at $1,553,000 after buying an additional 3,229 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Tiffany & Co. in the third quarter valued at about $802,000. Stevens Capital Management LP purchased a new stake in Tiffany & Co. in the third quarter valued at about $1,406,000. Finally, State of Wisconsin Investment Board raised its stake in Tiffany & Co. by 6.4% in the third quarter. State of Wisconsin Investment Board now owns 111,880 shares of the specialty retailer’s stock valued at $10,268,000 after buying an additional 6,686 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors.
In other news, Director Charles K. Marquis sold 4,717 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $107.84, for a total value of $508,681.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Abby F. Kohnstamm sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $108.73, for a total value of $1,087,300.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,832 shares of company stock valued at $14,611,214. Company insiders own 1.30% of the company’s stock.
Tiffany & Co. (NYSE TIF) opened at $100.42 on Tuesday. Tiffany & Co. has a 12 month low of $84.15 and a 12 month high of $111.44. The stock has a market capitalization of $12,480.00, a PE ratio of 26.92, a PEG ratio of 2.14 and a beta of 1.78. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 20th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Monday, March 19th. Tiffany & Co.’s payout ratio is 53.62%.
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Tiffany & Co. Company Profile
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.
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