Pool Co. (NASDAQ:POOL) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP lessened its stake in Pool Co. (NASDAQ:POOL) by 19.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,076 shares of the specialty retailer’s stock after selling 495 shares during the period. Mission Wealth Management LP’s holdings in Pool were worth $708,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Pool by 22.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after purchasing an additional 232,914 shares during the last quarter. Geode Capital Management LLC boosted its position in Pool by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock valued at $362,196,000 after buying an additional 6,232 shares during the period. Wasatch Advisors LP boosted its position in Pool by 0.6% in the 3rd quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock valued at $213,020,000 after buying an additional 3,428 shares during the period. Bank of New York Mellon Corp boosted its position in Pool by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 419,919 shares of the specialty retailer’s stock valued at $143,167,000 after buying an additional 3,575 shares during the period. Finally, Berkshire Hathaway Inc purchased a new position in Pool in the 3rd quarter valued at approximately $152,249,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

Pool stock opened at $341.29 on Wednesday. The stock has a market cap of $12.99 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. The company has a fifty day simple moving average of $342.92 and a 200-day simple moving average of $355.61. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The firm had revenue of $987.48 million during the quarter, compared to analysts’ expectations of $961.04 million. Equities analysts expect that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be given a $1.20 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.41%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $368.00.

Insider Activity at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction on Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the transaction, the director now directly owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.