American Century Companies Inc. reduced its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 36.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 56,799 shares of the company’s stock after selling 32,469 shares during the period. American Century Companies Inc. owned approximately 0.18% of Inter Parfums worth $2,343,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in IPAR. Teachers Advisors LLC raised its holdings in Inter Parfums by 2.7% during the 1st quarter. Teachers Advisors LLC now owns 28,789 shares of the company’s stock worth $1,052,000 after buying an additional 762 shares during the period. Vanguard Group Inc. raised its holdings in Inter Parfums by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 1,648,533 shares of the company’s stock worth $60,254,000 after buying an additional 89,133 shares during the period. Geode Capital Management LLC raised its holdings in Inter Parfums by 9.2% during the 1st quarter. Geode Capital Management LLC now owns 148,986 shares of the company’s stock worth $5,445,000 after buying an additional 12,581 shares during the period. UBS Group AG raised its holdings in Inter Parfums by 1,109.3% during the 1st quarter. UBS Group AG now owns 8,417 shares of the company’s stock worth $307,000 after buying an additional 7,721 shares during the period. Finally, Morgan Stanley grew its stake in shares of Inter Parfums by 67.2% during the 1st quarter. Morgan Stanley now owns 115,899 shares of the company’s stock worth $4,236,000 after acquiring an additional 46,601 shares in the last quarter. Hedge funds and other institutional investors own 54.87% of the company’s stock.
In related news, Director Patrick Choel sold 750 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $41.59, for a total value of $31,192.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Russell Greenberg sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $39.60, for a total transaction of $99,000.00. Following the completion of the transaction, the chief financial officer now directly owns 5,500 shares of the company’s stock, valued at $217,800. The disclosure for this sale can be found here. Insiders have sold a total of 9,250 shares of company stock valued at $382,733 over the last ninety days. Company insiders own 45.40% of the company’s stock.
Inter Parfums, Inc. (IPAR) opened at $43.20 on Monday. The firm has a market cap of $1,347.28, a P/E ratio of 31.76, a PEG ratio of 2.73 and a beta of 1.80. Inter Parfums, Inc. has a 52 week low of $31.45 and a 52 week high of $46.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $169.50 million during the quarter, compared to analysts’ expectations of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. equities research analysts predict that Inter Parfums, Inc. will post 1.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.21 per share. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Thursday, December 28th. Inter Parfums’s dividend payout ratio (DPR) is currently 51.13%.
Several equities analysts have recently weighed in on IPAR shares. KeyCorp set a $44.00 price target on shares of Inter Parfums and gave the stock a “buy” rating in a research note on Monday, October 16th. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Friday, September 1st. Citigroup Inc. reaffirmed a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.00.
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Inter Parfums Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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