Louisiana State Employees Retirement System cut its position in Whole Foods Market Inc. (NASDAQ:WFM) by 2.8% during the second quarter, Holdings Channel reports. The institutional investor owned 21,100 shares of the company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Whole Foods Market were worth $676,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in WFM. Raymond James Trust N.A. acquired a new stake in Whole Foods Market during the second quarter valued at approximately $204,000. Fox Run Management L.L.C. acquired a new stake in Whole Foods Market during the second quarter valued at approximately $234,000. Douglass Winthrop Advisors LLC acquired a new stake in Whole Foods Market during the second quarter valued at approximately $250,000. Charter Trust Co. boosted its stake in Whole Foods Market by 17.1% in the second quarter. Charter Trust Co. now owns 8,372 shares of the company’s stock valued at $268,000 after buying an additional 1,220 shares during the period. Finally, CIBC World Markets Inc. acquired a new stake in Whole Foods Market during the second quarter valued at approximately $301,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.
Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.97% during trading on Thursday, reaching $28.65. The company had a trading volume of 2,701,809 shares. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 20.32 and a beta of 0.82. Whole Foods Market Inc. has a 52 week low of $27.67 and a 52 week high of $35.58. The company’s 50-day moving average is $29.09 and its 200 day moving average is $30.83.
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 consensus estimate of $0.37. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. The firm earned $3.70 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts anticipate that Whole Foods Market Inc. will post $1.51 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, October 3rd will be issued a $0.135 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.54 annualized dividend and a dividend yield of 1.88%. Whole Foods Market’s dividend payout ratio is presently 37.76%.
Several research firms recently commented on WFM. Jefferies Group reaffirmed a “hold” rating and set a $31.00 price objective on shares of Whole Foods Market in a research report on Monday, July 25th. Vetr cut Whole Foods Market from a “buy” rating to a “hold” rating and set a $31.17 price objective on the stock. in a research report on Monday, August 8th. Macquarie raised Whole Foods Market from a “neutral” rating to an “outperform” rating in a research report on Monday, July 25th. Credit Suisse Group AG set a $40.00 price objective on Whole Foods Market and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research raised Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.28.
In related news, Director Shahid M. Hassan sold 7,916 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $28.41, for a total value of $224,893.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.09% of the stock is owned by corporate insiders.
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.
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