Bessemer Group Inc. Acquires 42,225 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Bessemer Group Inc. grew its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 42.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,171 shares of the company’s stock after acquiring an additional 42,225 shares during the period. Bessemer Group Inc.’s holdings in Inter Parfums were worth $18,698,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after buying an additional 81 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Inter Parfums by 7.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company’s stock valued at $239,000 after purchasing an additional 124 shares in the last quarter. Level Four Advisory Services LLC increased its holdings in shares of Inter Parfums by 1.9% in the fourth quarter. Level Four Advisory Services LLC now owns 8,101 shares of the company’s stock worth $1,065,000 after purchasing an additional 154 shares during the period. Blue Trust Inc. raised its position in shares of Inter Parfums by 25.7% in the fourth quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $106,000 after buying an additional 167 shares in the last quarter. Finally, Principal Securities Inc. grew its position in Inter Parfums by 15.1% during the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock worth $174,000 after buying an additional 174 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. DA Davidson reissued a “buy” rating and set a $170.00 price objective on shares of Inter Parfums in a report on Tuesday, March 25th. Finally, BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Monday, March 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.80.

Inter Parfums Stock Performance

Inter Parfums stock opened at $104.47 on Friday. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The firm has a market cap of $3.36 billion, a P/E ratio of 22.42 and a beta of 1.15. Inter Parfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15. The firm has a 50-day moving average of $125.84 and a 200-day moving average of $128.91.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The business had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. Sell-side analysts expect that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 3.06%. Inter Parfums’s dividend payout ratio is 62.87%.

Inter Parfums Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.