Corebridge Financial Inc. Sells 638 Shares of Pool Co. (NASDAQ:POOL)

Corebridge Financial Inc. lowered its stake in shares of Pool Co. (NASDAQ:POOL) by 6.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,434 shares of the specialty retailer’s stock after selling 638 shares during the period. Corebridge Financial Inc.’s holdings in Pool were worth $3,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Pool by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,443,451 shares of the specialty retailer’s stock worth $1,514,950,000 after purchasing an additional 21,870 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Pool by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after buying an additional 232,914 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Pool by 0.7% during 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. Bank of New York Mellon Corp boosted its holdings in shares of 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 in the last quarter. Finally, Berkshire Hathaway Inc purchased a new position in shares of Pool in the 3rd quarter worth approximately $152,249,000. Institutional investors own 98.99% of the company’s stock.

Pool Price Performance

NASDAQ POOL opened at $318.35 on Tuesday. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The stock’s fifty day moving average price is $339.95 and its 200 day moving average price is $353.40. Pool Co. has a 1 year low of $293.51 and a 1 year high of $403.61.

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, beating analysts’ consensus estimates of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The business had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. As a group, equities research analysts forecast that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.51%. The ex-dividend date was Wednesday, March 12th. Pool’s payout ratio is 42.55%.

Analysts Set New Price Targets

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

Insider Activity

In other 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

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.