Alliance Wealth Advisors LLC UT Has $4.24 Million Stock Position in Watsco, Inc. (NYSE:WSO)

Alliance Wealth Advisors LLC UT boosted its position in Watsco, Inc. (NYSE:WSO) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,956 shares of the construction company’s stock after acquiring an additional 209 shares during the period. Watsco accounts for 1.1% of Alliance Wealth Advisors LLC UT’s portfolio, making the stock its 19th largest position. Alliance Wealth Advisors LLC UT’s holdings in Watsco were worth $4,244,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Conestoga Capital Advisors LLC grew its holdings in Watsco by 1.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 97,832 shares of the construction company’s stock valued at $46,362,000 after purchasing an additional 1,300 shares during the period. Chicago Capital LLC bought a new stake in shares of Watsco in the fourth quarter valued at about $1,006,000. Baskin Financial Services Inc. grew its stake in shares of Watsco by 0.6% during the 4th quarter. Baskin Financial Services Inc. now owns 67,677 shares of the construction company’s stock worth $32,071,000 after acquiring an additional 435 shares in the last quarter. Stock Yards Bank & Trust Co. increased its stake in Watsco by 18.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,209 shares of the construction company’s stock valued at $1,047,000 after buying an additional 341 shares during the last quarter. Finally, Greenleaf Trust raised its holdings in Watsco by 11.6% during the fourth quarter. Greenleaf Trust now owns 932 shares of the construction company’s stock worth $442,000 after acquiring an additional 97 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Barry S. Logan sold 10,998 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total transaction of $5,589,293.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.86% of the stock is currently owned by insiders.

Watsco Trading Down 0.2 %

Shares of Watsco stock opened at $477.41 on Tuesday. The firm’s 50 day moving average is $497.99 and its 200 day moving average is $492.44. The firm has a market capitalization of $19.28 billion, a PE ratio of 36.89 and a beta of 0.95. Watsco, Inc. has a 1 year low of $373.33 and a 1 year high of $571.41.

Watsco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $2.70 dividend. The ex-dividend date was Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a yield of 2.26%. Watsco’s payout ratio is presently 83.46%.

Analyst Upgrades and Downgrades

WSO has been the subject of a number of analyst reports. Raymond James started coverage on shares of Watsco in a research report on Friday, January 17th. They issued a “market perform” rating for the company. Robert W. Baird lowered their price target on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Northcoast Research started coverage on Watsco in a report on Friday, November 22nd. They set a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $488.33.

Watsco Company Profile

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.