Cambiar Investors LLC increased its stake in shares of Whole Foods Market Inc. (NASDAQ:WFM) by 47.8% during the second quarter, Holdings Channel reports. The fund owned 163,360 shares of the company’s stock after buying an additional 52,832 shares during the period. Cambiar Investors LLC’s holdings in Whole Foods Market were worth $5,231,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Seven Bridges Advisors LLC raised its position 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 valued at $110,000 after buying an additional 515 shares during the last quarter. Raymond James Trust N.A. acquired a new position in shares of Whole Foods Market during the second quarter valued at $204,000. Fox Run Management L.L.C. acquired a new position in shares of Whole Foods Market during the second quarter valued at $234,000. FDO Partners LLC acquired a new position in shares of Whole Foods Market during the first quarter valued at $240,000. Finally, Douglass Winthrop Advisors LLC acquired a new position in shares of Whole Foods Market during the second quarter valued at $250,000. 86.38% of the stock is owned by hedge funds and other institutional investors.
Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.49% during midday trading on Monday, reaching $28.21. The company had a trading volume of 3,278,657 shares. The firm’s 50-day moving average price is $29.48 and its 200 day moving average price is $31.01. The firm has a market capitalization of $8.99 billion, a PE ratio of 20.01 and a beta of 0.82. Whole Foods Market Inc. has a 12 month low of $27.67 and a 12 month high of $35.58.
Whole Foods Market (NASDAQ:WFM) last released its earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share for the quarter, hitting the Thomson Reuters’ 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 had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts anticipate that Whole Foods Market Inc. will post $1.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, October 3rd will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.54 annualized dividend and a yield of 1.91%. Whole Foods Market’s dividend payout ratio (DPR) is presently 37.76%.
Several equities analysts recently weighed in on WFM shares. Vetr downgraded shares of Whole Foods Market from a “strong-buy” rating to a “buy” rating and set a $38.47 price target on the stock. in a report on Monday, June 6th. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $29.00 price objective on shares of Whole Foods Market in a research note on Sunday, June 12th. Northcoast Research cut shares of Whole Foods Market from a “neutral” rating to a “sell” rating and set a $24.00 price objective on the stock. in a research note on Wednesday, June 15th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $38.00 price objective on shares of Whole Foods Market in a research note on Wednesday, June 15th. Finally, Wedbush reaffirmed a “neutral” rating and set a $32.00 price objective (up previously from $29.00) on shares of Whole Foods Market in a research note on Friday, June 17th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the 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 dated Friday, September 16th. The stock was sold at an average price of $28.41, for a total transaction of $224,893.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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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