Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Tiffany & Co. (NYSE:TIF) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 229,634 shares of the specialty retailer’s stock, valued at approximately $23,870,000. Amundi Pioneer Asset Management Inc. owned 0.18% of Tiffany & Co. as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Calton & Associates Inc. purchased a new stake in Tiffany & Co. during the 4th quarter valued at $118,000. Denali Advisors LLC bought a new position in Tiffany & Co. in the 4th quarter valued at $125,000. Sawyer & Company Inc bought a new position in Tiffany & Co. in the 4th quarter valued at $130,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Tiffany & Co. by 103.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock valued at $143,000 after acquiring an additional 697 shares during the last quarter. Finally, Osborne Partners Capital Management LLC bought a new position in Tiffany & Co. in the 4th quarter valued at $208,000. Institutional investors own 83.26% of the company’s stock.
In other news, Director Michael Joseph Kowalski sold 3,806 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $102.53, for a total transaction of $390,229.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert S. Singer purchased 2,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $99.49 per share, for a total transaction of $198,980.00. The disclosure for this purchase can be found here. Insiders have sold a total of 135,832 shares of company stock worth $14,611,214 in the last three months. Corporate insiders own 1.30% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 20th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Monday, March 19th. Tiffany & Co.’s payout ratio is 53.62%.
TIF has been the topic of several research analyst reports. Citigroup raised Tiffany & Co. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $92.00 to $115.00 in a research report on Thursday, December 14th. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. initiated coverage on Tiffany & Co. in a research report on Monday, December 18th. They issued a “neutral” rating and a $103.00 price objective on the stock. Zacks Investment Research downgraded Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Finally, KeyCorp raised Tiffany & Co. from a “sector weight” rating to an “overweight” rating and upped their price objective for the company from $94.50 to $115.00 in a research report on Friday, December 1st. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Tiffany & Co. has a consensus rating of “Buy” and an average price target of $104.17.
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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