Pershing Square (LON:PSH) Shares Up 0.7% – Still a Buy?

Pershing Square Holdings (LON:PSH)’s stock price was up 0.7% during mid-day trading on Tuesday . The company traded as high as GBX 3,664.13 ($47.57) and last traded at GBX 3,640 ($47.26). Approximately 121,179 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 168,998 shares. The stock had previously closed at GBX 3,616 ($46.95).

Pershing Square Price Performance

The stock has a fifty day moving average price of GBX 3,603.32 and a 200-day moving average price of GBX 3,892.10. The firm has a market capitalization of £6.57 billion, a PE ratio of 338.52 and a beta of 0.97. The company has a debt-to-equity ratio of 19.50, a quick ratio of 8.65 and a current ratio of 22.15.

Pershing Square Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be issued a $0.15 dividend. The ex-dividend date is Thursday, November 14th. This is an increase from Pershing Square’s previous dividend of $0.13. This represents a dividend yield of 0.32%. Pershing Square’s dividend payout ratio (DPR) is currently 436.43%.

Pershing Square Company Profile

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.