Cullen Frost Bankers Inc. reduced its position in Whole Foods Market Inc. (NASDAQ:WFM) by 25.5% during the second quarter, Holdings Channel reports. The institutional investor owned 19,994 shares of the company’s stock after selling 6,853 shares during the period. Cullen Frost Bankers Inc.’s holdings in Whole Foods Market were worth $641,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Diversified Trust Co increased its position in shares of Whole Foods Market by 13.7% in the second quarter. Diversified Trust Co now owns 8,325 shares of the company’s stock worth $267,000 after buying an additional 1,000 shares during the last quarter. K.J. Harrison & Partners Inc bought a new position in shares of Whole Foods Market during the second quarter worth approximately $381,000. PGGM Investments bought a new position in shares of Whole Foods Market during the second quarter worth approximately $31,783,000. Strs Ohio increased its position in shares of Whole Foods Market by 22.4% in the second quarter. Strs Ohio now owns 1,114,342 shares of the company’s stock worth $35,681,000 after buying an additional 203,727 shares during the last quarter. Finally, Grimes & Company Inc. increased its position in shares of Whole Foods Market by 5.8% in the second quarter. Grimes & Company Inc. now owns 146,763 shares of the company’s stock worth $4,699,000 after buying an additional 8,030 shares during the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.
Whole Foods Market Inc. (NASDAQ:WFM) traded down 1.44% during mid-day trading on Thursday, reaching $28.01. The company’s stock had a trading volume of 3,234,479 shares. The stock’s 50-day moving average is $29.61 and its 200-day moving average is $31.11. Whole Foods Market Inc. has a 12 month low of $27.67 and a 12 month high of $35.58. The firm has a market capitalization of $8.93 billion, a PE ratio of 19.87 and a beta of 0.74.
Whole Foods Market (NASDAQ:WFM) last announced its earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The company earned $3.70 billion during the quarter, compared to the consensus estimate of $3.73 billion. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. On average, equities analysts anticipate that Whole Foods Market Inc. will post $1.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.135 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.54 annualized dividend and a dividend yield of 1.93%. Whole Foods Market’s dividend payout ratio is presently 37.76%.
A number of equities research analysts have commented on the company. Credit Suisse Group AG set a $40.00 target price on Whole Foods Market and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Wells Fargo & Co. restated a “market perform” rating on shares of Whole Foods Market in a research report on Thursday, August 4th. Vetr upgraded Whole Foods Market from a “hold” rating to a “buy” rating and set a $33.58 target price on the stock in a research report on Thursday, July 28th. RBC Capital Markets set a $37.00 target price on Whole Foods Market and gave the company a “buy” rating in a research report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $38.00 target price on shares of Whole Foods Market in a research report on Wednesday, July 20th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $30.28.
In other news, Director Shahid M. Hassan sold 7,916 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.09% of the company’s stock.
About Whole Foods Market
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.
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