Boston Advisors LLC increased its position in shares of Whole Foods Market Inc. (NASDAQ:WFM) by 978.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,588 shares of the company’s stock after buying an additional 371,605 shares during the period. Boston Advisors LLC’s holdings in Whole Foods Market were worth $13,115,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Seven Bridges Advisors LLC raised its position in shares of Whole Foods Market by 17.7% in the second quarter. Seven Bridges Advisors LLC now owns 3,431 shares of the company’s stock worth $110,000 after buying an additional 515 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Whole Foods Market during the second quarter worth $204,000. Fox Run Management L.L.C. purchased a new stake in shares of Whole Foods Market during the second quarter worth $234,000. FDO Partners LLC purchased a new stake in shares of Whole Foods Market during the first quarter worth $240,000. Finally, Douglass Winthrop Advisors LLC purchased a new stake in shares of Whole Foods Market during the second quarter worth $250,000. Institutional investors and hedge funds own 86.38% of the company’s stock.
Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.52% on Friday, hitting $28.52. 3,313,269 shares of the company were exchanged. The company has a 50 day moving average price of $29.91 and a 200-day moving average price of $31.29. Whole Foods Market Inc. has a 52 week low of $27.67 and a 52 week high of $35.58. The stock has a market capitalization of $9.09 billion, a P/E ratio of 20.23 and a beta of 0.74.
Whole Foods Market (NASDAQ:WFM) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.37 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.37. Whole Foods Market had a net margin of 3.03% and a return on equity of 15.55%. The company earned $3.70 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the business posted $0.43 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Whole Foods Market Inc. will post $1.51 earnings per share for the current fiscal year.
The company also recently declared a dividend, which will be paid on Friday, October 14th. Investors of record on Monday, October 3rd will be issued a dividend of $0.135 per share. The ex-dividend date is Thursday, September 29th. Whole Foods Market’s dividend payout ratio is currently 37.76%.
A number of analysts have recently weighed in on the stock. Vetr downgraded shares of Whole Foods Market from a “strong-buy” rating to a “buy” rating and set a $38.47 price target for the company. in a report on Monday, June 6th. Goldman Sachs Group Inc. downgraded shares of Whole Foods Market from a “neutral” rating to a “sell” rating and set a $31.00 price objective for the company. in a research note on Tuesday, July 26th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $29.00 price objective on shares of Whole Foods Market in a research note on Sunday, June 12th. Pivotal Research reissued a “sell” rating and issued a $20.00 price objective on shares of Whole Foods Market in a research note on Wednesday, July 27th. Finally, BMO Capital Markets reissued an “underperform” rating and issued a $23.00 price objective on shares of Whole Foods Market in a research note on Monday, July 25th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have given a buy rating and three have given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $30.28.
In other Whole Foods Market news, Director Shahid M. Hassan sold 7,916 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $28.41, for a total transaction of $224,893.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.09% of the company’s stock.
Whole Foods Market Company Profile
Whole Foods Market, Inc is engaged in operating natural and organic foods supermarkets. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. As of April 10, 2016, the Company operated 441 stores, which include 421 stores in 42 states in the United States and the District of Columbia, 11 stores in Canada, and 9 stores in the United Kingdom.
Want to see what other hedge funds are holding WFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whole Foods Market Inc. (NASDAQ:WFM).
Receive News & Ratings for Whole Foods Market Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whole Foods Market Inc. and related companies with MarketBeat.com's FREE daily email newsletter.