Bessemer Group Inc. Has $18.70 Million Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Bessemer Group Inc. increased its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 42.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,171 shares of the company’s stock after acquiring an additional 42,225 shares during the period. Bessemer Group Inc. owned about 0.44% of Inter Parfums worth $18,698,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Inter Parfums by 55.9% in the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after purchasing an additional 81 shares during the last quarter. SRH Advisors LLC grew its holdings in Inter Parfums by 791.7% during the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after buying an additional 475 shares in the last quarter. Blue Trust Inc. raised its position in Inter Parfums by 25.7% in the 4th quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $106,000 after buying an additional 167 shares during the last quarter. Principal Securities Inc. lifted its stake in Inter Parfums by 15.1% during the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock valued at $174,000 after acquiring an additional 174 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Inter Parfums by 23.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the company’s stock worth $215,000 after acquiring an additional 310 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Inter Parfums Stock Down 3.7 %

IPAR opened at $104.47 on Friday. Inter Parfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The company’s 50-day moving average price is $125.84 and its two-hundred day moving average price is $128.91. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 22.42 and a beta of 1.15. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. As a group, equities analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.80 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.20 annualized dividend and a yield of 3.06%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.75. Inter Parfums’s dividend payout ratio (DPR) is 62.87%.

Analysts Set New Price Targets

IPAR has been the subject of several analyst reports. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a report on Monday, March 17th. DA Davidson reissued a “buy” rating and set a $170.00 target price on shares of Inter Parfums in a research report on Tuesday, March 25th. Finally, Canaccord Genuity Group boosted their target price on Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Inter Parfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.