Pershing Square Holdings (LON:PSH - Get Free Report)'s share price dropped 0.4% on Wednesday . The stock traded as low as GBX 3,830 ($48.55) and last traded at GBX 3,836 ($48.62). Approximately 107,022 shares traded hands during trading, a decline of 35% from the average daily volume of 165,268 shares. The stock had previously closed at GBX 3,850 ($48.80).
Pershing Square Stock Performance
The company has a debt-to-equity ratio of 19.50, a current ratio of 22.15 and a quick ratio of 8.65. The stock has a 50-day moving average price of GBX 3,639.72 and a 200-day moving average price of GBX 3,802.49. The firm has a market capitalization of £7.16 billion, a PE ratio of 369.26 and a beta of 0.97.
Pershing Square Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, November 14th. This is an increase from Pershing Square's previous dividend of $0.13. This represents a yield of 0.32%. Pershing Square's payout ratio is currently 436.43%.
Insider Buying and Selling at Pershing Square
In related news, insider Bronwyn Curtis sold 554 shares of Pershing Square stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of GBX 3,613 ($45.80), for a total value of £20,016.02 ($25,372.06). 1.00% of the stock is currently owned by corporate insiders.
About Pershing Square
(
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Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.
Further Reading
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