FourThought Financial Partners LLC Purchases Shares of 723 Pool Co. (NASDAQ:POOL)

FourThought Financial Partners LLC acquired a new stake in Pool Co. (NASDAQ:POOL) in the fourth quarter, HoldingsChannel reports. The fund acquired 723 shares of the specialty retailer’s stock, valued at approximately $247,000.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake 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 lifted its position in shares of Pool by 0.7% in the third 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 last quarter. Wasatch Advisors LP boosted its stake in shares of Pool by 0.6% during the 3rd quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock worth $213,020,000 after acquiring an additional 3,428 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Pool by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 419,919 shares of the specialty retailer’s stock worth $143,167,000 after acquiring an additional 3,575 shares during the period. Finally, Berkshire Hathaway Inc acquired a new position in shares of Pool during the 3rd quarter worth approximately $152,249,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Down 0.3 %

POOL stock opened at $347.74 on Thursday. The business’s fifty day moving average price is $343.00 and its two-hundred day moving average price is $355.57. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.03 and a beta of 1.03. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The business had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. On average, equities analysts anticipate that Pool Co. will post 11.32 earnings per share for the current 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 paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.38%. Pool’s dividend payout ratio (DPR) is currently 42.55%.

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 value of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

POOL has been the subject of several research reports. Wells Fargo & Company cut their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Pool has an average rating of “Hold” and an average target price of $368.00.

Pool Company 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.