Mission Wealth Management LP Cuts Stock Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Mission Wealth Management LP trimmed its holdings in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,802 shares of the company’s stock after selling 394 shares during the quarter. Mission Wealth Management LP’s holdings in Patterson Companies were worth $962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Patterson Companies during the fourth quarter worth $18,316,000. Charles Schwab Investment Management Inc. lifted its position in shares of Patterson Companies by 15.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock valued at $55,546,000 after acquiring an additional 245,376 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Patterson Companies in the fourth quarter worth approximately $518,000. LMG Wealth Partners LLC acquired a new stake in shares of Patterson Companies in the fourth quarter worth approximately $284,000. Finally, Vanguard Group Inc. increased its position in shares of Patterson Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 9,409,915 shares of the company’s stock worth $290,390,000 after purchasing an additional 47,897 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on Patterson Companies in a report on Thursday, May 22nd. They issued a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Patterson Companies has an average rating of “Hold” and a consensus target price of $26.57.

Patterson Companies Stock Performance

Shares of PDCO stock opened at $31.33 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. Patterson Companies, Inc. has a twelve month low of $19.45 and a twelve month high of $31.79. The company’s 50-day moving average price is $31.31 and its 200-day moving average price is $30.71. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.71 and a beta of 0.73.

Patterson Companies Profile

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.