Huntington National Bank lowered its stake in Whole Foods Market Inc. (NASDAQ:WFM) by 66.2% during the second quarter, Holdings Channel reports. The fund owned 35,220 shares of the company’s stock after selling 68,963 shares during the period. Huntington National Bank’s holdings in Whole Foods Market were worth $1,128,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Seven Bridges Advisors LLC raised its stake in Whole Foods Market by 17.7% in the second quarter. Seven Bridges Advisors LLC now owns 3,431 shares of the company’s stock valued at $110,000 after buying an additional 515 shares during the last quarter. Raymond James Trust N.A. bought a new stake in Whole Foods Market during the second quarter valued at about $204,000. Fox Run Management L.L.C. bought a new stake in Whole Foods Market during the second quarter valued at about $234,000. Douglass Winthrop Advisors LLC bought a new stake in Whole Foods Market during the second quarter valued at about $250,000. Finally, Diversified Trust Co raised its stake in Whole Foods Market by 13.7% in the second quarter. Diversified Trust Co now owns 8,325 shares of the company’s stock valued at $267,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.
Whole Foods Market Inc. (NASDAQ:WFM) traded down 1.43% during mid-day trading on Monday, reaching $28.31. The company had a trading volume of 3,633,975 shares. The firm has a 50-day moving average price of $28.89 and a 200 day moving average price of $30.75. 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 $9.03 billion, a price-to-earnings ratio of 20.08 and a beta of 0.82.
Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.37 earnings per share for the quarter, meeting 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 business earned $3.70 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business earned $0.43 EPS. Whole Foods Market’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Whole Foods Market Inc. will post $1.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Monday, October 3rd were paid a $0.135 dividend. The ex-dividend date was Thursday, September 29th. This represents a $0.54 dividend on an annualized basis and a yield of 1.91%. Whole Foods Market’s dividend payout ratio is 37.76%.
Several analysts recently issued reports on the company. Credit Suisse Group AG set a $40.00 target price on Whole Foods Market and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Wells Fargo & Co. reissued a “market perform” rating on shares of Whole Foods Market in a research report on Thursday, August 4th. Vetr raised Whole Foods Market from a “hold” rating to a “buy” rating and set a $33.58 price target on the stock in a research report on Thursday, July 28th. RBC Capital Markets set a $37.00 price target on Whole Foods Market and gave the stock a “buy” rating in a research report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $38.00 price target on shares of Whole Foods Market in a research report on Wednesday, July 20th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. Whole Foods Market currently has a consensus rating of “Hold” and an average price target of $30.28.
In related 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 value of $224,893.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.09% of the stock is currently owned by corporate insiders.
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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