Alliance Wealth Advisors LLC UT Sells 49 Shares of Watsco, Inc. (NYSE:WSO)

Alliance Wealth Advisors LLC UT decreased its stake in shares of Watsco, Inc. (NYSE:WSO) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 7,586 shares of the construction company’s stock after selling 49 shares during the quarter. Watsco comprises about 1.1% of Alliance Wealth Advisors LLC UT’s holdings, making the stock its 22nd biggest position. Alliance Wealth Advisors LLC UT’s holdings in Watsco were worth $3,250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WSO. Hartford Financial Management Inc. grew its stake in shares of Watsco by 53.1% during the 4th quarter. Hartford Financial Management Inc. now owns 75 shares of the construction company’s stock valued at $32,000 after purchasing an additional 26 shares during the period. Advisor OS LLC grew its position in shares of Watsco by 1.1% during the third quarter. Advisor OS LLC now owns 2,693 shares of the construction company’s stock valued at $1,017,000 after purchasing an additional 28 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Watsco by 35.0% in the third quarter. Raleigh Capital Management Inc. now owns 108 shares of the construction company’s stock worth $41,000 after buying an additional 28 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Watsco by 53.8% during the fourth quarter. Lindbrook Capital LLC now owns 80 shares of the construction company’s stock valued at $34,000 after buying an additional 28 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in Watsco by 44.1% during the 4th quarter. Allworth Financial LP now owns 98 shares of the construction company’s stock valued at $42,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Watsco Stock Down 0.2 %

Shares of NYSE:WSO traded down $0.79 on Friday, reaching $443.21. The company had a trading volume of 277,114 shares, compared to its average volume of 313,812. The company has a current ratio of 2.92, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $17.51 billion, a PE ratio of 34.09 and a beta of 0.90. Watsco, Inc. has a 52-week low of $315.17 and a 52-week high of $451.29. The firm’s 50 day simple moving average is $412.36 and its 200-day simple moving average is $399.76.

Watsco (NYSE:WSO) last announced its earnings results on Wednesday, April 24th. The construction company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.09). The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.59 billion. Watsco had a return on equity of 19.26% and a net margin of 7.03%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.83 earnings per share. As a group, analysts expect that Watsco, Inc. will post 14.19 earnings per share for the current fiscal year.

Watsco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $2.70 per share. This is a boost from Watsco’s previous quarterly dividend of $2.45. The ex-dividend date is Friday, April 12th. This represents a $10.80 dividend on an annualized basis and a yield of 2.44%. Watsco’s dividend payout ratio is presently 83.08%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $500.00 target price on shares of Watsco in a research report on Thursday. Robert W. Baird upped their target price on Watsco from $420.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $404.25.

About Watsco

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.