Diligent Investors LLC lowered its position in Whole Foods Market Inc. (NASDAQ:WFM) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 23,930 shares of the company’s stock after selling 250 shares during the period. Diligent Investors LLC’s holdings in Whole Foods Market were worth $766,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Trillium Asset Management LLC boosted its position in Whole Foods Market by 1.2% in the second quarter. Trillium Asset Management LLC now owns 413,157 shares of the company’s stock worth $13,229,000 after buying an additional 4,792 shares in the last quarter. ING Groep NV bought a new position in Whole Foods Market during the second quarter worth about $400,000. David R. Rahn & Associates Inc. bought a new position in Whole Foods Market during the second quarter worth about $1,460,000. Cambiar Investors LLC boosted its position in Whole Foods Market by 47.8% in the second quarter. Cambiar Investors LLC now owns 163,360 shares of the company’s stock worth $5,231,000 after buying an additional 52,832 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP boosted its position in Whole Foods Market by 10.4% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 126,420 shares of the company’s stock worth $4,048,000 after buying an additional 11,920 shares in the last quarter. 86.38% of the stock is owned by institutional investors.
Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.443% during mid-day trading on Tuesday, reaching $28.085. 2,259,058 shares of the company were exchanged. The stock has a 50-day moving average price of $29.48 and a 200 day moving average price of $31.01. The company has a market capitalization of $8.95 billion, a PE ratio of 19.918 and a beta of 0.82. Whole Foods Market Inc. has a one year low of $27.67 and a one year high of $35.58.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.37. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. Whole Foods Market had a net margin of 3.03% and a return on equity of 15.55%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. Analysts predict 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 issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Thursday, September 29th. Whole Foods Market’s dividend payout ratio (DPR) is presently 37.76%.
Several equities analysts have issued reports on WFM shares. Credit Suisse Group AG set a $40.00 price target on shares of 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 shares of Whole Foods Market from a “hold” rating to a “buy” rating and set a $33.58 price target for the company in a research report on Thursday, July 28th. RBC Capital Markets set a $37.00 price target on shares of 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 price target 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 issued a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $30.28.
In other 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 legal filing with the SEC, which is accessible through the SEC website. 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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