Plantronics, Inc. (NYSE:PLT) is expected to pay $0.15 on Dec 9, 2016. The indicated annual dividend is $0.60. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on Plantronics, Inc.’s current price of $52.65, the dividend is 0.28%. This dividend’s record date is Nov 18, 2016 and the announcement date is Nov 8, 2016. The stock increased 0.19% or $0.1 during the last trading session, hitting $52.65. Plantronics Inc (NYSE:PLT) has risen 38.44% since April 13, 2016 and is uptrending. It has outperformed by 34.52% the S&P500.
Plantronics, Inc. is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The company has a market cap of $1.83 billion. The Firm is a global designer, maker and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets. It has a 24.72 P/E ratio. The Firm develops communication products for offices and contact centers, mobile devices, cordless phones, and computers and gaming consoles.
Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.46, from 1.39 in 2016Q1. The ratio dived, as 24 funds sold all Plantronics Inc shares owned while 70 reduced positions. 24 funds bought stakes while 63 increased positions. They now own 30.17 million shares or 1.11% less from 30.51 million shares in 2016Q1.
Moreover, Shell Asset Mngmt Comm has 0.3% invested in Plantronics Inc (NYSE:PLT) for 292,657 shares. Cubist Systematic Strategies Ltd Llc accumulated 5,473 shares or 0.01% of the stock. State Teachers Retirement System last reported 83,792 shares in the company. Raymond James & Assoc accumulated 0% or 22,155 shares. The New Jersey-based Blackrock Management Limited Liability has invested 0.01% in Plantronics Inc (NYSE:PLT). The Michigan-based State Treasurer State Of Michigan has invested 0% in Plantronics Inc (NYSE:PLT). Wedge Capital Mngmt L Limited Partnership Nc reported 1.13 million shares or 0.21% of all its holdings. Bridgeway has 12,800 shares for 0.01% of their US portfolio. Paloma Prtnrs accumulated 0.02% or 34,899 shares. Vanguard Gp Incorporated reported 2.52M shares or 0.01% of all its holdings. Savings Bank Of Ny Mellon holds 0.01% or 556,737 shares in its portfolio. Bank & Trust Of Montreal Can holds 20,703 shares or 0% of its portfolio. Moreover, Alliancebernstein L P has 0% invested in Plantronics Inc (NYSE:PLT) for 63,590 shares. The California-based California State Teachers Retirement Systems has invested 0.01% in Plantronics Inc (NYSE:PLT). Lord Abbett & Com Limited Liability Co holds 177,461 shares or 0.02% of its portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 10 sales for $3.94 million net activity. 22,525 Plantronics Inc (NYSE:PLT) shares with value of $1.15 million were sold by HOUSTON DONALD S. Shares for $90,203 were sold by TSEU MARVIN on Friday, June 3. KANNAPPAN S KENNETH also sold $488,047 worth of Plantronics Inc (NYSE:PLT) on Monday, August 8. DEXHEIMER BRIAN S sold $199,870 worth of stock. On Tuesday, August 16 BURTON JOSEPH B sold $151,187 worth of the stock or 3,000 shares. Another trade for 3,000 shares valued at $133,087 was made by MOHR MARSHALL on Friday, May 27.
Plantronics Inc (NYSE:PLT) Ratings Coverage
Out of 2 analysts covering Plantronics (NYSE:PLT), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Plantronics has been the topic of 5 analyst reports since January 15, 2016 according to StockzIntelligence Inc. The stock of Plantronics Inc (NYSE:PLT) earned “Overweight” rating by JP Morgan on Friday, January 15. On Wednesday, May 4 the stock rating was upgraded by Raymond James to “Market Perform”. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, November 2. The stock of Plantronics Inc (NYSE:PLT) has “Overweight” rating given on Monday, January 18 by JP Morgan.
Another recent and important Plantronics Inc (NYSE:PLT) news was published by Reuters.com which published an article titled: “BRIEF-Plantronics Inc’s Q2 results meet guidance” on November 01, 2016.
PLT Company Profile
Plantronics, Inc. (Plantronics), incorporated on August 12, 1988, is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Firm is a global designer, maker and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets. The Firm develops communication products for offices and contact centers, mobile devices, cordless phones, and computers and gaming consoles. The Company’s product categories include Enterprise, which includes corded and cordless communication headsets, audio processors, and telephone systems, and Consumer, which includes Bluetooth and corded products for mobile device applications, personal computer (PC) and gaming headsets, and specialty products marketed for hearing impaired individuals. It offers its products under two brands: Plantronics and Clarity.
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