Axxcess Wealth Management LLC Reduces Stock Position in Pool Co. (NASDAQ:POOL)

Axxcess Wealth Management LLC trimmed its stake in shares of Pool Co. (NASDAQ:POOL) by 34.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,077 shares of the specialty retailer’s stock after selling 556 shares during the period. Axxcess Wealth Management LLC’s holdings in Pool were worth $367,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of POOL. Second Line Capital LLC boosted its position in Pool by 4.8% during the third quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock worth $322,000 after purchasing an additional 39 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Pool by 4.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after buying an additional 43 shares in the last quarter. Sugarloaf Wealth Management LLC increased its holdings in Pool by 10.1% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock valued at $197,000 after acquiring an additional 53 shares in the last quarter. TD Private Client Wealth LLC raised its position in Pool by 0.8% during the third quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock worth $2,732,000 after acquiring an additional 54 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Pool by 0.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,578 shares of the specialty retailer’s stock valued at $5,993,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Insider Buying and Selling

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the sale, the director now owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Pool has a consensus rating of “Hold” and a consensus target price of $368.00.

Pool Stock Performance

Pool stock opened at $320.14 on Friday. The stock has a fifty day moving average price of $342.60 and a 200 day moving average price of $354.17. 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 Co. has a 52 week low of $293.51 and a 52 week high of $420.00. The firm has a market capitalization of $12.05 billion, a P/E ratio of 28.38, a PEG ratio of 2.03 and a beta of 1.05.

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

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.50%. Pool’s 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.