According to the most recent filing that Strs Ohio made with the Securities and Exchange Commission, during the third quarter of 2018, the investment firm decreased its shares of Inter Parfums, Inc. (NASDAQ: IPAR). After selling 900 shares throughout the time frame, the institutional investor had 10,900 shares of the company’s stock in their possession at the end of the period. The value of Strs Ohio’s interest in Inter Parfums at the time of the company’s most recent disclosure with the Securities and Exchange Commission was $822,000.
Recently, several other institutional investors have also changed the proportion of their assets allocated to the company. These changes were made in the same time frame as the first. During the second quarter of the current fiscal year, Federated Hermes Inc. increased its stake in Inter Parfums by 131.6%. Inter Parfums is a fragrance and cosmetics company. The most recent quarter saw Federated Hermes Inc. acquire an additional 300 shares of the company’s stock, bringing the total number of shares it owns to 528, with a value of $39,000. This brings the total number of shares it has in the business to 528. FinTrust Capital Advisors LLC saw a 92.0% increase in the amount of stock it held in Inter Parfums during the second quarter compared to the previous quarter.
As a result of the purchase of 460 additional shares during the most recent quarter, FinTrust Capital Advisors LLC now directly owns 960 shares of the company, which have a value of $78,000. The company acquired these shares. During the second quarter, the investment portfolio managed by First Horizon Advisors, Inc. saw a 1,872.6% increase in the percentage of its holdings allocated to Inter Parfums. First Horizon Advisors Inc. now has a total of 1,440 shares of the company, which are worth a combined total of $105,000 after purchasing an additional 1,367 shares during the most recent quarter for a total of 1,440 shares. US Bancorp DE increased the amount of Inter Parfums stock owned by 75.2% during the second quarter of the fiscal year. US Bancorp DE increased its total holdings in the company’s stock to 2,456 shares during the most recent quarter by purchasing an additional 1,054 shares of the company’s stock. Each share of the company’s stock currently has a market value of $179,000, and the total value of US Bancorp DE’s holdings is $179,000. In the second quarter, Walleye Capital LLC invested approximately 205,000 dollars in acquiring a new shareholding in Inter Parfums. This was not the only investment the company made during this period. Institutional investors own most of the company’s stock, which amounts to 55.41 percent of the total.
When trading started on Monday, the price of one share of IPAR was $111.58. During the past year, the share price of Inter Parfums, Inc. has fluctuated between a low of $64.52 and a high of $112.94. The current price is 64.52 dollars. The moving average of the company’s stock price over the past 200 days is $84.65, while the moving average over the past 50 days is $95.55. The company’s market capitalization is currently sitting at $3.56 billion, with a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 1.99, and a beta value of 0.98. The value of the current ratio is 2.85, the value of the quick ratio is 1.71, and the value of the debt-to-equity ratio is 0.15. These values are all related to one another.
On November 9th, the most recent quarterly earnings report for Inter Parfums, traded on the NASDAQ under the symbol IPR, was made public. The company announced that it had an EPS of $1.30 for the quarter, which is $0.31 higher than the estimate made by the market, which was $0.99. Inter Parfums showed a return on equity of 13.98 percent and a net margin of 10.45 percent. According to the projections of several different analysts, total revenue for the current quarter could come anywhere from $278.70 million to $280.46 million. This year, analysts anticipate that Inter Parfums, Inc. will generate $3.6 per share earnings.
In addition, the company declared a quarterly dividend, which was paid out on the Friday after December 30th (December 30th). Shareholders who were “on record” as of December 15th received a dividend payment of half a dollar for each share they owned. As of December 14th, it was considered that this dividend had been paid out in its entirety. This equates to an annual dividend payment of $2 and a dividend yield of 1.79% for the stock. The current dividend payout ratio for Inter Parfums is 62.11%. This figure has not changed recently.
In other news, on December 6th, the company’s Chief Financial Officer, Russell Greenberg, sold 917 shares of company stock. This transaction took place on Tuesday. The shares were sold for a total of $91,700.00, which works out to a price of $100 per share on average when divided by the total amount. As a direct consequence of the sale, the chief financial officer now controls 7,500 shares. Considering their current market value, these shares are approximately worth $750,000. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website. Russell Greenberg, who serves as the chief financial officer of Inter Parfums, divested himself of 917 shares of the company’s stock on Tuesday, December 6th. The shares were sold for a total of $91,700.00, which works out to a price of $100 per share on average when divided by the total amount. Because of the transaction, the company’s Chief Financial Officer (CFO) now owns 7,500 shares of the company’s stock. Based on the current market price, these shares are approximately worth $750,000. A legal document that was handed into the SEC and that has since been made available online has been used to inform the general public about the sale. Pelayo Frederic Garcia, the Chief Operating Officer of Inter Parfums, sold 555 shares of the company’s stock on Friday, December 9th. A total of $53,668.50 was spent purchasing and selling the stock, resulting in an average price of $96.70 per share. The disclosure about the purchase can be found in this particular location. During the most recent quarter of the company’s fiscal year, company insiders sold 63,063 shares, which had a combined value of $6,471,551. Company insiders currently hold a percentage of the company’s stock equal to 44.20 percent.
Reports regarding the stock were published by equity research professionals working for various companies not too long ago. DA Davidson indicated that their target price for Inter Parfums had increased from $116.00 to $126.00 in a research report that was made public on Friday, January 6th. The report was made available to the public. The business enterprise known as Inter Parfums was the topic of a report distributed to the public by StockNews.com on January 11th. The website recommended that investors “hold” their company shares rather than “buy” them. In a report released on Tuesday, January 3rd, Piper Sandler increased their price objective to a share of Inter Parfums from $108.00 to $115.00. The previous price objective was $108. One of the research analysts has suggested that investors keep their current position about the company. In contrast, three others have rated it as a buy and encouraged investors to do so. According to the data provided by Bloomberg, the average price objective for Inter Parfums is set at $113.33, and the general recommendation for the company is a “Moderate Buy.”