Vontobel Holding Ltd. Has $12.47 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Vontobel Holding Ltd. lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,338 shares of the construction company's stock after buying an additional 8,546 shares during the quarter. Vontobel Holding Ltd. owned about 0.06% of PulteGroup worth $12,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PHM. Ameriflex Group Inc. acquired a new stake in PulteGroup during the 4th quarter worth $37,000. TD Waterhouse Canada Inc. grew its stake in shares of PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after purchasing an additional 105 shares during the period. American National Bank & Trust acquired a new position in PulteGroup in the first quarter valued at about $39,000. Quarry LP acquired a new position in PulteGroup in the fourth quarter valued at about $43,000. Finally, Sentry Investment Management LLC bought a new position in PulteGroup during the first quarter worth about $61,000. 89.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on PHM. Wedbush reiterated an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a research report on Tuesday, April 22nd. Wells Fargo & Company cut their target price on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Evercore ISI lifted their price target on shares of PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. UBS Group lowered their price objective on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada dropped their price objective on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $134.69.

PulteGroup Stock Down 2.0%

PHM stock traded down $2.19 during trading hours on Thursday, reaching $109.15. 781,559 shares of the stock were exchanged, compared to its average volume of 2,021,287. The firm's 50-day moving average is $102.25 and its 200-day moving average is $104.87. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The company has a market cap of $21.88 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.32 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.80 and a quick ratio of 0.80.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. During the same period last year, the company earned $3.10 earnings per share. On average, equities research analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th were issued a $0.22 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.81%. PulteGroup's dividend payout ratio (DPR) is presently 6.21%.

About PulteGroup

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.