Soul Patts Adjusts Substantial Holding in Propel Funeral Partners

An update from Propel Funeral Partners Ltd. ( (AU:PFP) ) is now available.

Soul Patts, a diversified investment company, announced a change in its substantial holding interests in Propel Funeral Partners Limited (PFP). The notice indicates a decrease in voting power from 9.47% to 7.00%, primarily due to changes in its holdings in Pengana Capital Group Limited. This adjustment in holdings reflects Soul Patts’ strategic portfolio management and could impact its influence within PFP, potentially affecting stakeholders’ perceptions and market dynamics.

The most recent analyst rating on (AU:PFP) stock is a Buy with a A$6.40 price target. To see the full list of analyst forecasts on Propel Funeral Partners Ltd. stock, see the AU:PFP Stock Forecast page.

More about Propel Funeral Partners Ltd.

Washington H. Soul Pattinson and Company Limited (Soul Patts) is an Australian public company that has evolved from owning and operating Australian pharmacies to becoming a diversified investment house. It holds a portfolio of assets across various industries, including listed equities, private markets, credit, and property, with a focus on long-term capital growth and regular dividends.

Average Trading Volume: 391,405

Technical Sentiment Signal: Hold

Current Market Cap: A$619.5M

Find detailed analytics on PFP stock on TipRanks’ Stock Analysis page.