Great West Life Assurance Co. Can lessened its holdings in shares of Tiffany & Co. (NYSE:TIF) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,322 shares of the specialty retailer’s stock after selling 10,830 shares during the period. Great West Life Assurance Co. Can owned 0.08% of Tiffany & Co. worth $11,917,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pictet Asset Management Ltd. grew its stake in shares of Tiffany & Co. by 28.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 284,030 shares of the specialty retailer’s stock valued at $36,631,000 after buying an additional 63,027 shares during the period. Korea Investment CORP grew its stake in shares of Tiffany & Co. by 1,271.1% in the 3rd quarter. Korea Investment CORP now owns 188,168 shares of the specialty retailer’s stock valued at $24,268,000 after buying an additional 174,444 shares during the period. Schroder Investment Management Group purchased a new stake in shares of Tiffany & Co. in the 3rd quarter valued at approximately $29,006,000. Canada Pension Plan Investment Board grew its stake in shares of Tiffany & Co. by 41.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 221,910 shares of the specialty retailer’s stock valued at $28,620,000 after buying an additional 64,500 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its stake in shares of Tiffany & Co. by 73.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 50,568 shares of the specialty retailer’s stock valued at $6,522,000 after buying an additional 21,412 shares during the period. 79.60% of the stock is owned by institutional investors.

TIF has been the subject of several analyst reports. Wells Fargo & Co reissued a “hold” rating and issued a $100.00 price target on shares of Tiffany & Co. in a research note on Wednesday, November 28th. Goldman Sachs Group decreased their price objective on shares of Tiffany & Co. from $158.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. Zacks Investment Research lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. UBS Group upgraded shares of Tiffany & Co. from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 12th. Finally, Credit Suisse Group upped their price objective on shares of Tiffany & Co. from $142.00 to $146.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $121.52.

In other Tiffany & Co. news, Director Lawrence K. Fish sold 7,000 shares of the stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $129.40, for a total transaction of $905,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William A. Shutzer sold 250 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $126.29, for a total transaction of $31,572.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,148 shares of company stock worth $2,839,461. 1.30% of the stock is owned by company insiders.

Tiffany & Co. stock opened at $90.89 on Thursday. The company has a market cap of $11.09 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.74 and a beta of 1.72. Tiffany & Co. has a 52-week low of $89.03 and a 52-week high of $141.64. The company has a current ratio of 5.86, a quick ratio of 1.84 and a debt-to-equity ratio of 0.29.

Tiffany & Co. (NYSE:TIF) last released its earnings results on Wednesday, November 28th. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.77. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. Tiffany & Co. had a net margin of 9.96% and a return on equity of 18.71%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. Equities analysts expect that Tiffany & Co. will post 4.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Thursday, December 20th will be issued a dividend of $0.55 per share. The ex-dividend date is Wednesday, December 19th. This represents a $2.20 dividend on an annualized basis and a yield of 2.42%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.27%.

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About Tiffany & Co.

Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.

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

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