Cambridge Investment Research Advisors Inc. cut its holdings in Tiffany & Co. (NYSE:TIF) by 21.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,213 shares of the specialty retailer’s stock after selling 1,121 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Tiffany & Co. were worth $395,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Delphi Private Advisors LLC raised its stake in shares of Tiffany & Co. by 100.0% during the second quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock valued at $100,000 after acquiring an additional 600 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Tiffany & Co. by 6.0% during the first quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock valued at $104,000 after acquiring an additional 62 shares during the last quarter. Welch Group LLC raised its stake in shares of Tiffany & Co. by 0.5% during the second quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock valued at $145,000 after acquiring an additional 8 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Tiffany & Co. by 3.3% during the first quarter. Pacer Advisors Inc. now owns 2,093 shares of the specialty retailer’s stock valued at $199,000 after acquiring an additional 66 shares during the last quarter. Finally, Peapack Gladstone Financial Corp bought a new position in shares of Tiffany & Co. during the first quarter valued at about $200,000. 79.76% of the stock is owned by institutional investors and hedge funds.

Shares of Tiffany & Co. (TIF) opened at 90.96 on Friday. The firm has a 50-day moving average of $91.45 and a 200-day moving average of $91.91. The stock has a market cap of $11.32 billion, a PE ratio of 24.70 and a beta of 1.91. Tiffany & Co. has a one year low of $70.55 and a one year high of $97.29.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The business had revenue of $960.00 million during the quarter, compared to analyst estimates of $930.19 million. During the same quarter in the previous year, the business posted $0.84 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts expect that Tiffany & Co. will post $3.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Wednesday, September 20th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.20%. Tiffany & Co.’s dividend payout ratio is currently 54.35%.

In other news, major shareholder Qatar Investment Authority sold 4,400,000 shares of Tiffany & Co. stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $94.16, for a total value of $414,304,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Francesco Trapani acquired 48,936 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average cost of $89.16 per share, for a total transaction of $4,363,133.76. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 241,064 shares of company stock valued at $21,467,464. Company insiders own 1.40% of the company’s stock.

Several equities analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Tiffany & Co. in a research note on Friday, July 7th. Bank of America Corporation reaffirmed a “buy” rating and set a $110.00 price objective on shares of Tiffany & Co. in a research note on Wednesday, June 28th. Cowen and Company reaffirmed an “outperform” rating and set a $107.00 price objective on shares of Tiffany & Co. in a research note on Tuesday, May 23rd. BidaskClub raised shares of Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Tiffany & Co. in a research note on Friday, September 8th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $92.81.

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About Tiffany & Co.

Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.

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Institutional Ownership by Quarter for Tiffany & Co. (NYSE:TIF)

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