Prentiss Smith & Co. Inc. decreased its position in Whole Foods Market Inc. (NASDAQ:WFM) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 147,516 shares of the company’s stock after selling 1,032 shares during the period. Whole Foods Market comprises 2.7% of Prentiss Smith & Co. Inc.’s portfolio, making the stock its 15th largest position. Prentiss Smith & Co. Inc.’s holdings in Whole Foods Market were worth $4,723,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Seven Bridges Advisors LLC increased 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 period. Raymond James Trust N.A. bought a new stake in Whole Foods Market during the second quarter valued at $204,000. Fox Run Management L.L.C. bought a new stake in Whole Foods Market during the second quarter valued at $234,000. FDO Partners LLC bought a new stake in Whole Foods Market during the first quarter valued at $240,000. Finally, Douglass Winthrop Advisors LLC bought a new stake in Whole Foods Market during the second quarter valued at $250,000. 86.38% of the stock is owned by institutional investors and hedge funds.
Shares of Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.64% during midday trading on Tuesday, reaching $28.03. 3,714,035 shares of the company’s stock traded hands. The company has a 50-day moving average of $29.48 and a 200-day moving average of $31.01. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 19.88 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 released its quarterly earnings data on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. Equities research analysts anticipate that Whole Foods Market Inc. will post $1.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, September 29th. Whole Foods Market’s payout ratio is currently 37.76%.
Several research analysts recently weighed in on WFM shares. Vetr upgraded shares of Whole Foods Market from a “hold” rating to a “buy” rating and set a $34.10 price target on the stock in a report on Tuesday, July 19th. Royal Bank Of Canada restated a “buy” rating on shares of Whole Foods Market in a report on Tuesday, July 12th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Whole Foods Market in a report on Wednesday, June 22nd. Credit Suisse Group AG restated a “buy” rating and set a $40.00 price target on shares of Whole Foods Market in a report on Tuesday, June 21st. Finally, SunTrust Banks Inc. restated a “buy” rating and set a $38.00 price target on shares of Whole Foods Market in a report on Thursday, July 28th. Seven investment 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 stock. The company has an average rating of “Hold” and an average target price 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 legal filing with the SEC, which is available at this hyperlink. 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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