JPMorgan Chase & Co. Has $6.76 Million Position in PriceSmart, Inc. (NASDAQ:PSMT)

JPMorgan Chase & Co. raised its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 70.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,372 shares of the company's stock after buying an additional 30,417 shares during the period. JPMorgan Chase & Co. owned about 0.24% of PriceSmart worth $6,763,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of PriceSmart during the 4th quarter valued at $53,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of PriceSmart by 3,905.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company's stock valued at $63,000 after purchasing an additional 664 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of PriceSmart by 393.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 715 shares of the company's stock valued at $65,000 after purchasing an additional 570 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of PriceSmart by 17,300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 870 shares of the company's stock valued at $80,000 after purchasing an additional 865 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of PriceSmart by 49.0% during the 4th quarter. KBC Group NV now owns 1,159 shares of the company's stock valued at $107,000 after purchasing an additional 381 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company's stock.

Insider Transactions at PriceSmart

In other news, COO John D. Hildebrandt sold 580 shares of PriceSmart stock in a transaction on Monday, January 27th. The stock was sold at an average price of $92.40, for a total value of $53,592.00. Following the completion of the sale, the chief operating officer now directly owns 858 shares of the company's stock, valued at approximately $79,279.20. This trade represents a 40.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Francisco Velasco sold 555 shares of PriceSmart stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $90.42, for a total value of $50,183.10. Following the completion of the sale, the executive vice president now directly owns 79,008 shares of the company's stock, valued at $7,143,903.36. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,055 shares of company stock valued at $1,475,169. Corporate insiders own 17.10% of the company's stock.

PriceSmart Stock Performance

PSMT traded up $3.50 on Wednesday, hitting $99.51. 42,417 shares of the stock traded hands, compared to its average volume of 181,699. The business has a fifty day moving average price of $87.98 and a two-hundred day moving average price of $90.11. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 52 week low of $77.51 and a 52 week high of $100.15. The firm has a market capitalization of $3.06 billion, a PE ratio of 21.92 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 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.06). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business posted $1.31 EPS. PriceSmart's revenue was up 5.6% compared to the same quarter last year. On average, research analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

PriceSmart Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.63 dividend. The ex-dividend date was Tuesday, February 18th. PriceSmart's payout ratio is presently 26.92%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of PriceSmart from a "hold" rating to a "buy" rating in a report on Monday, March 10th.

PriceSmart Profile

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.