As Pulte Homes INC (PHM) Market Value Rose, Shareholder Wafra Investment Advisory Group INC Lowered Position

January 23, 2018 - By Dolores Ford

Investors sentiment decreased to 0.76 in 2017 Q3. Its down 0.15, from 0.91 in 2017Q2. It dived, as 33 investors sold PHM shares while 187 reduced holdings. 46 funds opened positions while 121 raised stakes. 244.94 million shares or 1.98% less from 249.89 million shares in 2017Q2 were reported. Reliance Tru Of Delaware holds 23,867 shares or 0.1% of its portfolio. The Maryland-based Clearbridge Ltd Co has invested 1.44% in PulteGroup, Inc. (NYSE:PHM). Berkshire Asset Management Ltd Pa owns 254,914 shares. Janney Montgomery Scott Limited Liability Co reported 24,428 shares. Boston Advsrs Ltd Co holds 519,075 shares. Hap Trading Ltd Liability stated it has 142,513 shares or 0.18% of all its holdings. 26,388 are owned by New Mexico Educational Retirement Board. Paragon Mngmt Limited invested in 0.15% or 14,354 shares. Geode Management Llc reported 3.33 million shares. Brown Lc has 54,436 shares for 0.02% of their portfolio. British Columbia Inv stated it has 173,698 shares or 0.04% of all its holdings. Sei Investments Co invested in 79,930 shares. Amica Pension Fund Board Of Trustees accumulated 17,794 shares. Hsbc Public Limited Co has invested 0.02% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Dekabank Deutsche Girozentrale holds 24,774 shares or 0.01% of its portfolio.

Since October 26, 2017, it had 0 insider buys, and 2 selling transactions for $7.21 million activity. The insider Ellinghausen James R sold $4.07 million.

Wafra Investment Advisory Group Inc decreased its stake in Pulte Homes Inc. (PHM) by 17.87% based on its latest 2017Q3 regulatory filing with the SEC. Wafra Investment Advisory Group Inc sold 122,599 shares as the company’s stock rose 8.08% with the market. The institutional investor held 563,303 shares of the capital goods company at the end of 2017Q3, valued at $15.40M, down from 685,902 at the end of the previous reported quarter. Wafra Investment Advisory Group Inc who had been investing in Pulte Homes Inc. for a number of months, seems to be less bullish one the $10.26 billion market cap company. The stock decreased 0.75% or $0.265 during the last trading session, reaching $34.885. About 2.53 million shares traded. PulteGroup, Inc. (NYSE:PHM) has risen 30.02% since January 23, 2017 and is uptrending. It has outperformed by 13.32% the S&P500.

Wafra Investment Advisory Group Inc, which manages about $7.55 billion and $2.06 billion US Long portfolio, upped its stake in Honeywell International Inc. (NYSE:HON) by 28,368 shares to 139,092 shares, valued at $19.72 million in 2017Q3, according to the filing. It also increased its holding in Anadarko Petroleum Corp. (NYSE:APC) by 106,460 shares in the quarter, for a total of 219,391 shares, and has risen its stake in Pioneer Natural Resources (NYSE:PXD).

Analysts await PulteGroup, Inc. (NYSE:PHM) to report earnings on January, 25. They expect $0.84 earnings per share, up 25.37 % or $0.17 from last year’s $0.67 per share. PHM’s profit will be $246.93 million for 10.38 P/E if the $0.84 EPS becomes a reality. After $0.60 actual earnings per share reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts 40.00 % EPS growth.

Another recent and important PulteGroup, Inc. (NYSE:PHM) news was published by Globenewswire.com which published an article titled: “PulteGroup and Georgia Power partner for first Smart Neighborhoodâ„¢ in Atlanta” on January 09, 2018.

PulteGroup, Inc. (NYSE:PHM) Ratings Coverage

Among 22 analysts covering PulteGroup (NYSE:PHM), 7 have Buy rating, 2 Sell and 13 Hold. Therefore 32% are positive. PulteGroup had 64 analyst reports since September 11, 2015 according to SRatingsIntel. The company was maintained on Wednesday, July 26 by Citigroup. The stock of PulteGroup, Inc. (NYSE:PHM) has “Neutral” rating given on Wednesday, October 25 by Mizuho. JP Morgan upgraded the shares of PHM in report on Wednesday, January 13 to “Overweight” rating. On Monday, April 4 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Perform”. The stock of PulteGroup, Inc. (NYSE:PHM) has “Mkt Perform” rating given on Friday, July 22 by FBR Capital. The firm has “Overweight” rating given on Friday, July 22 by JP Morgan. The firm earned “Hold” rating on Thursday, January 4 by Susquehanna. As per Wednesday, April 6, the company rating was upgraded by Barclays Capital. Wells Fargo initiated PulteGroup, Inc. (NYSE:PHM) on Thursday, September 29 with “Market Perform” rating. The rating was upgraded by Bank of America on Friday, January 27 to “Buy”.

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