Westpac Banking Corp boosted its position in Whole Foods Market Inc. (NASDAQ:WFM) by 23.9% during the second quarter, Holdings Channel reports. The firm owned 20,698 shares of the company’s stock after buying an additional 3,987 shares during the period. Westpac Banking Corp’s holdings in Whole Foods Market were worth $663,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Seven Bridges Advisors LLC raised its stake 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. Global X Management Co. LLC raised its stake in Whole Foods Market by 2,392.3% in the second quarter. Global X Management Co. LLC now owns 3,888 shares of the company’s stock valued at $124,000 after buying an additional 3,732 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in Whole Foods Market during the second quarter valued at approximately $144,000. Mizuho Asset Management Co. Ltd. raised its stake in Whole Foods Market by 105.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,609 shares of the company’s stock valued at $148,000 after buying an additional 2,361 shares during the last quarter. Finally, Synovus Financial Corp raised its stake in Whole Foods Market by 12.2% in the second quarter. Synovus Financial Corp now owns 4,890 shares of the company’s stock valued at $157,000 after buying an additional 533 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Whole Foods Market Inc. (NASDAQ:WFM) opened at 28.35 on Tuesday. The stock has a market cap of $9.04 billion, a P/E ratio of 20.11 and a beta of 0.82. Whole Foods Market Inc. has a 1-year low of $27.67 and a 1-year high of $35.58. The company’s 50-day moving average is $29.48 and its 200-day moving average is $31.01.
Whole Foods Market (NASDAQ:WFM) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 last year, the firm posted $0.43 EPS. Whole Foods Market’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts expect that Whole Foods Market Inc. will post $1.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Thursday, September 29th. Whole Foods Market’s dividend payout ratio is presently 37.76%.
WFM has been the topic of several research reports. Vetr raised shares of Whole Foods Market from a “hold” rating to a “buy” rating and set a $34.10 price objective on the stock in a research note on Tuesday, July 19th. Royal Bank Of Canada reissued a “buy” rating on shares of Whole Foods Market in a research note on Tuesday, July 12th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Whole Foods Market in a research note on Wednesday, June 22nd. Credit Suisse Group AG reissued a “buy” rating and set a $40.00 price objective on shares of Whole Foods Market in a research note on Tuesday, June 21st. Finally, SunTrust Banks Inc. reissued a “buy” rating and set a $38.00 price objective on shares of Whole Foods Market in a research note on Thursday, July 28th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company. Whole Foods Market presently has a consensus rating of “Hold” and an average price target of $30.28.
In other news, Director Shahid M. Hassan sold 7,916 shares of Whole Foods Market stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $28.41, for a total transaction of $224,893.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.
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