Wells Fargo & Company MN Sells 13,348 Shares of Pool Co. (NASDAQ:POOL)

Wells Fargo & Company MN reduced its stake in shares of Pool Co. (NASDAQ:POOL) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 414,523 shares of the specialty retailer’s stock after selling 13,348 shares during the period. Wells Fargo & Company MN owned about 1.09% of Pool worth $141,327,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Pool by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,443,451 shares of the specialty retailer’s stock valued at $1,514,950,000 after buying an additional 21,870 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after acquiring an additional 232,914 shares during the period. Wellington Management Group LLP grew its holdings in Pool by 27.5% during the 4th quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer’s stock valued at $355,435,000 after buying an additional 224,674 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Pool by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 977,862 shares of the specialty retailer’s stock valued at $332,566,000 after acquiring an additional 13,519 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in Pool by 25.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 636,007 shares of the specialty retailer’s stock worth $216,840,000 after acquiring an additional 129,780 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

POOL has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Pool in a research note on Tuesday, April 1st. They issued a “hold” rating and a $344.00 target price on the stock. Finally, StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $365.33.

Insider Buying and Selling

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now owns 62,577 shares in the company, valued at $21,651,642. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jennifer M. Neil sold 1,223 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $315.00, for a total value of $385,245.00. Following the completion of the sale, the senior vice president now owns 9,667 shares of the company’s stock, valued at approximately $3,045,105. This trade represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Pool Price Performance

POOL stock opened at $315.05 on Monday. The firm has a market cap of $11.88 billion, a P/E ratio of 27.93, a P/E/G ratio of 2.03 and a beta of 1.13. The firm’s fifty day moving average is $336.70 and its 200 day moving average is $352.12. Pool Co. has a 52 week low of $293.51 and a 52 week high of $402.45. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. The firm had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Research analysts predict that Pool Co. will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Wednesday, March 12th. Pool’s dividend payout ratio is 42.55%.

About Pool

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.