U S Global Investors Inc cut its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 11.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,500 shares of the company’s stock after selling 1,527 shares during the period. U S Global Investors Inc’s holdings in Patterson Companies were worth $520,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in PDCO. Raymond James Financial Services Advisors Inc. boosted its position in Patterson Companies by 1.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,752 shares of the company’s stock worth $523,000 after buying an additional 131 shares in the last quarter. LS Investment Advisors LLC boosted its position in Patterson Companies by 1.4% in the first quarter. LS Investment Advisors LLC now owns 9,631 shares of the company’s stock worth $436,000 after buying an additional 134 shares in the last quarter. Teton Advisors Inc. boosted its position in Patterson Companies by 0.5% in the first quarter. Teton Advisors Inc. now owns 29,404 shares of the company’s stock worth $1,330,000 after buying an additional 141 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Patterson Companies by 2.3% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,810 shares of the company’s stock worth $398,000 after buying an additional 200 shares in the last quarter. Finally, Tyers Asset Management LLC boosted its position in Patterson Companies by 1.4% in the first quarter. Tyers Asset Management LLC now owns 18,944 shares of the company’s stock worth $857,000 after buying an additional 256 shares in the last quarter. 89.62% of the stock is owned by institutional investors and hedge funds.
Shares of Patterson Companies, Inc. (PDCO) traded up 0.78% during midday trading on Tuesday, reaching $47.60. 1,260,316 shares of the company’s stock traded hands. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 26.59 and a beta of 0.98. Patterson Companies, Inc. has a one year low of $36.46 and a one year high of $50.05. The company has a 50-day moving average of $44.87 and a 200-day moving average of $43.46.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Thursday, May 25th. The company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.04. Patterson Companies had a net margin of 3.06% and a return on equity of 15.94%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts anticipate that Patterson Companies, Inc. will post $2.32 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Wednesday, July 12th. Patterson Companies’s dividend payout ratio (DPR) is presently 58.10%.
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A number of brokerages have recently issued reports on PDCO. BidaskClub raised shares of Patterson Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research raised shares of Patterson Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Patterson Companies in a research note on Monday, May 15th. Craig Hallum began coverage on shares of Patterson Companies in a research note on Tuesday, April 11th. They issued a “hold” rating for the company. Finally, Deutsche Bank AG began coverage on shares of Patterson Companies in a research note on Wednesday, March 15th. They issued a “hold” rating and a $45.00 price objective for the company. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $43.63.
In related news, Director Scott P. Anderson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $46.76, for a total value of $467,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ann B. Gugino sold 750 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $43.83, for a total transaction of $32,872.50. The disclosure for this sale can be found here. 0.46% of the stock is owned by corporate insiders.
About Patterson Companies
Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.
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