PulteGroup, Inc. (NYSE:PHM) Shares Sold by World Investment Advisors

World Investment Advisors trimmed its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 70.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,557 shares of the construction company's stock after selling 8,490 shares during the period. World Investment Advisors' holdings in PulteGroup were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in PHM. Ameriflex Group Inc. purchased a new stake in shares of PulteGroup in the fourth quarter worth about $37,000. TD Waterhouse Canada Inc. raised its holdings in shares of PulteGroup by 43.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after acquiring an additional 105 shares in the last quarter. American National Bank & Trust purchased a new stake in shares of PulteGroup during the 1st quarter worth approximately $39,000. Quarry LP bought a new position in shares of PulteGroup during the 4th quarter valued at approximately $43,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of PulteGroup in the first quarter valued at $54,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Stock Down 0.8%

Shares of PHM traded down $0.89 during mid-day trading on Friday, hitting $114.29. The company's stock had a trading volume of 2,650,443 shares, compared to its average volume of 2,042,802. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The company's 50-day moving average is $103.47 and its 200-day moving average is $104.83. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The firm has a market capitalization of $22.91 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.33 and a beta of 1.29.

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

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Tuesday, June 17th. PulteGroup's payout ratio is currently 6.21%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PHM. Wells Fargo & Company boosted their price objective on PulteGroup from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Tuesday. Barclays decreased their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI lifted their price objective on shares of PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. UBS Group reduced their target price on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada dropped their price target on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $135.08.

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.