2 weeks Ago By Defense World Staff
Franklin Resources Inc. trimmed its holdings in shares of PriceSmart, Inc. ( NASDAQ:PSMT – Free Report ) by 7.
9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,059 shares of the company’s stock after selling 348 shares during the period. Franklin Resources Inc.
’s holdings in PriceSmart were worth $374,000 as of its most recent SEC filing. Other institutional investors have also recently bought and sold shares of the company. Boston Partners raised its stake in shares of PriceSmart by 4,690.
8% in the fourth quarter. Boston Partners now owns 297,655 shares of the company’s stock worth $27,344,000 after acquiring an additional 291,442 shares during the last quarter. River Road Asset Management LLC bought a new stake in shares of PriceSmart during the fourth quarter valued at approximately $19,078,000.
Copeland Capital Management LLC increased its holdings in shares of PriceSmart by 29.2% in the fourth quarter. Copeland Capital Management LLC now owns 621,697 shares of the company’s stock valued at $57,302,000 after purchasing an additional 140,515 shares in the last quarter.
Burney Co. bought a new position in PriceSmart in the 4th quarter worth approximately $5,030,000. Finally, American Century Companies Inc.
lifted its holdings in PriceSmart by 4.1% during the 4th quarter. American Century Companies Inc.
now owns 1,230,696 shares of the company’s stock worth $113,434,000 after buying an additional 48,108 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.
Insider Buying and Selling at PriceSmart In related news, CFO Michael Mccleary sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $89.67, for a total transaction of $358,680.
00. Following the completion of the transaction, the chief financial officer now owns 58,141 shares in the company, valued at approximately $5,213,503.47.
The trade was a 6.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
Also, Director Jeffrey Fisher sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $95.00, for a total transaction of $161,500.
00. Following the completion of the sale, the director now directly owns 16,911 shares of the company’s stock, valued at $1,606,545. The trade was a 9.
13 % decrease in their position. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 20,055 shares of company stock valued at $1,833,849.
17.10% of the stock is currently owned by company insiders. Wall Street Analyst Weigh In Get Our Latest Stock Analysis on PSMT PriceSmart Stock Up 1.
5 % Shares of NASDAQ PSMT opened at $93.64 on Friday. PriceSmart, Inc.
has a 1 year low of $77.51 and a 1 year high of $99.23.
The firm’s 50-day moving average is $87.98 and its 200-day moving average is $90.03.
The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.
08. The firm has a market capitalization of $2.88 billion, a PE ratio of 20.
63 and a beta of 0.87. PriceSmart ( NASDAQ:PSMT – Get Free Report ) last announced its quarterly earnings data on Wednesday, April 9th.
The company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.
06). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.
34 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.
29%. PriceSmart’s revenue was up 5.6% compared to the same quarter last year.
During the same period in the previous year, the business posted $1.31 earnings per share. Equities analysts expect that PriceSmart, Inc.
will post 5.28 EPS for the current year. PriceSmart Announces Dividend The business also recently disclosed a dividend, which was paid on Friday, February 28th.
Investors of record on Tuesday, February 18th were issued a $0.63 dividend. The ex-dividend date was Tuesday, February 18th.
PriceSmart’s dividend payout ratio is presently 26.92%. PriceSmart Profile ( Free Report ) PriceSmart, Inc owns and operates U.
S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.
See Also Five stocks we like better than PriceSmart What Are Dividend Contenders? Investing in Dividend Contenders Tariff Exemptions Set the Stage for a Taiwan Semiconductor Rally Insider Selling Explained: Can it Inform Your Investing Choices? Mitigating Tariffs: 3 Stocks to Gain From a Weaker U.S. Dollar What Are Dividend Challengers? Broadcom’s Apple Relationship: AI Opportunity Meets Tariff Risk Receive News & Ratings for PriceSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PriceSmart and related companies with MarketBeat.
com's FREE daily email newsletter ..
