EdgePoint Investment Group sells stake in PriceSmart (PSMT)
Fintel reports: Edgepoint Investment Group
submitted 13G/A type
The SEC discloses ownership of 3.19 million shares of PriceSmart, Inc. (PSMT). This equates to his 10.3% of the company.
In an earlier filing dated February 11, 2022, they reported 3.53 million shares and 11.40% of the company.
9.69% reduction in equity and 1.10% reduction in total ownership (calculated as current – previous ownership percentage).
Analyst Price Predictions Suggest a 17.80% Gain
Average 1 year as of February 11, 2023 price target For PriceSmart it’s $85.17. Predictions range from as low as $77.77 to as high as $94.50. The average price target represents a 17.80% increase from the latest reported closing price of $72.30.
PriceSmart’s projected annual revenue is $4,449 million, an increase of 7.32%.Expected year EPS
At $3.86, an increase of 11.93%.
What is Fund Sentiment?
there is 504 funds or institutions reporting positions Price smart. That’s a decrease of 13 owners or 2.51% over the last quarter.Portfolio average weight of all funds PSMT dedicated was 0.10%, a decrease of 7.52%. The total number of shares owned by the institution increased by 0.47% to 27,314,000 shares over the past three months.of put/call ratio PSMT is at 2.79, indicating a bearish outlook.
What are the major shareholders doing?
Kane Anderson Rudnick Investment Management
It holds 2,495,000 shares representing an 8.03% ownership interest in the company. In previous filings, the company reported he owned 2,538,000 shares.
Portfolio allocation in PSMT increased 16.95% last quarter.
IJR – iShares Core S&P Small Cap ETF
holds 1,835,000 shares representing 5.91% ownership of the company. In previous filings, the company reported that it owned 1,681,000 of his shares.
Portfolio allocation in PSMT increased 10.95% last quarter.
Black Creek Investment Management
holds 1,678,000 shares representing a 5.40% ownership interest in the company. In previous filings, the company reported that it owned 1,636,000 of his shares.
Portfolio allocation in PSMT increased 4.86% last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks
It owns 752,000 shares representing a 2.42% ownership interest in the company. In previous filings, the company reported he owned 728,000 shares.
Portfolio allocation in PSMT increased 13.41% last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares
It owns 628,000 shares representing a 2.02% ownership interest in the company. In previous filings, the company reported he owned 621,000 shares.
Portfolio allocation in PSMT increased by 15.22% last quarter.
PriceSmart declares $0.46 dividend
On February 3, 2023, the company will regular semi-annual dividend $0.46 per share ($0.92 annualized). Shareholders of record on February 15, 2023 will receive payment on February 28, 2023. Previously, the company paid him $0.43 per share.
At the current price of $72.30 / share, this stock has a dividend yield of 1.27%. Looking back over five years and taking a weekly sample, the average dividend yield was 1.03%, with a low of 0.69% and a high of 1.63%. The standard deviation of yield is 0.20 (n=235).
The current dividend yield is 1.20 standard deviations above the historical average.
The company’s dividend payout ratio is 0.27 times. The payout ratio indicates how much of a company’s profits is paid out as dividends. A payout ratio of 1 (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above 1 means the company is steeped in savings to sustain its dividend. This is not a healthy situation. A company with little growth prospects would be expected to pay the majority of its income in dividends. This usually means a payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects. This translates to a payout ratio of zero to 0.5.
The company’s three-year dividend growth rate is 0.31%, indicating that it has been increasing its dividend for a long time.
Background Information on PriceSmart
(This description is provided by the company.)
Headquartered in San Diego, PriceSmart owns and operates US-style membership shopping warehouse clubs in Latin America and the Caribbean, selling quality goods and services at low prices to PriceSmart members. PriceSmart is available in 12 countries and 1 US region (8 in Costa Rica and Colombia, 7 in Panama, 5 in the Dominican Republic, 4 in Trinidad and Guatemala, 3 in Honduras, 2 each in El Salvador and Nicaragua, and operates 47 warehouse clubs in one region. in Aruba, Barbados, Jamaica and the U.S. Virgin Islands respectively). The company also plans to open new warehouse clubs in Guatemala City, Guatemala and Bucaramanga, Colombia in fall 2021 and in Portmore, Jamaica in spring 2022. With these three new clubs opening, the company will operate his 50 warehouse clubs.
This story was originally Fintel.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/edgepoint-investment-group-cuts-stake-in-pricesmart-psmt EdgePoint Investment Group sells stake in PriceSmart (PSMT)