Pershing Square (LON:PSH) Shares Up 0.7% – Still a Buy?

Pershing Square Holdings (LON:PSH)’s share price shot up 0.7% during trading on Tuesday . The company traded as high as GBX 3,664.13 ($47.57) and last traded at GBX 3,640 ($47.26). 121,179 shares changed hands during trading, a decline of 28% from the average session volume of 168,998 shares. The stock had previously closed at GBX 3,616 ($46.95).

Pershing Square Stock Performance

The business has a 50 day moving average of GBX 3,603.32 and a 200 day moving average of GBX 3,892.10. The company has a market capitalization of £6.57 billion, a P/E ratio of 338.52 and a beta of 0.97. The company has a quick ratio of 8.65, a current ratio of 22.15 and a debt-to-equity ratio of 19.50.

Pershing Square Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Pershing Square’s previous dividend of $0.13. This represents a yield of 0.32%. Pershing Square’s dividend payout ratio is presently 436.43%.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.