Pitcairn Co. Has $620,000 Stake in Whole Foods Market, Inc. (WFM)

Pitcairn Co. raised its position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 26.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,876 shares of the company’s stock after buying an additional 4,381 shares during the period. Pitcairn Co.’s holdings in Whole Foods Market were worth $620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Whole Foods Market during the first quarter worth $105,000. SRB Corp raised its position in shares of Whole Foods Market by 12.3% in the third quarter. SRB Corp now owns 5,033 shares of the company’s stock worth $143,000 after buying an additional 552 shares during the last quarter. Seven Bridges Advisors LLC raised its position in shares of Whole Foods Market by 55.4% in the third quarter. Seven Bridges Advisors LLC now owns 5,331 shares of the company’s stock worth $151,000 after buying an additional 1,900 shares during the last quarter. Pacad Investment Ltd. purchased a new position in shares of Whole Foods Market during the fourth quarter worth $163,000. Finally, Synovus Financial Corp raised its position in shares of Whole Foods Market by 41.0% in the third quarter. Synovus Financial Corp now owns 6,895 shares of the company’s stock worth $195,000 after buying an additional 2,005 shares during the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.

Institutional Ownership by Quarter for Whole Foods Market (NASDAQ:WFM)

Shares of Whole Foods Market, Inc. (NASDAQ:WFM) traded down 0.44% during mid-day trading on Friday, hitting $35.99. The stock had a trading volume of 3,381,421 shares. Whole Foods Market, Inc. has a 12-month low of $27.67 and a 12-month high of $38.29. The firm has a market cap of $11.47 billion, a P/E ratio of 28.65 and a beta of 0.75. The company has a 50 day moving average price of $34.71 and a 200 day moving average price of $31.51.

Whole Foods Market (NASDAQ:WFM) last issued its earnings results on Wednesday, May 10th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.37. The business had revenue of $3.74 million for the quarter, compared to analysts’ expectations of $3.73 billion. Whole Foods Market had a return on equity of 14.57% and a net margin of 2.81%. The company’s quarterly revenue was down 99.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. Equities analysts forecast that Whole Foods Market, Inc. will post $1.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Friday, June 30th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from Whole Foods Market’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, June 28th. Whole Foods Market’s payout ratio is presently 40.29%.

TRADEMARK VIOLATION NOTICE: “Pitcairn Co. Has $620,000 Stake in Whole Foods Market, Inc. (WFM)” was originally reported by Mideast Time and is owned by of Mideast Time. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.mideasttime.com/pitcairn-co-has-620000-stake-in-whole-foods-market-inc-wfm/1708189.html.

A number of brokerages recently issued reports on WFM. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price objective on shares of Whole Foods Market in a research report on Monday, March 13th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating on shares of Whole Foods Market in a research report on Thursday, January 19th. Zacks Investment Research downgraded Whole Foods Market from a “hold” rating to a “sell” rating in a research report on Friday, January 20th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $28.00 target price (down from $29.00) on shares of Whole Foods Market in a research report on Thursday, February 9th. Finally, Wolfe Research raised Whole Foods Market from an “underperform” rating to a “market perform” rating in a research report on Tuesday, May 2nd. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $32.94.

In other news, insider Michael Bashaw sold 2,614 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $29.56, for a total value of $77,269.84. Following the completion of the sale, the insider now owns 4,949 shares of the company’s stock, valued at $146,292.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Juan Nunez sold 14,502 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $27.52, for a total value of $399,095.04. Following the completion of the sale, the insider now directly owns 5,746 shares of the company’s stock, valued at approximately $158,129.92. The disclosure for this sale can be found here. Insiders sold a total of 37,736 shares of company stock worth $1,126,006 over the last 90 days. Insiders own 1.30% of the company’s stock.

Whole Foods Market Company Profile

Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.

5 Day Chart for NASDAQ:WFM

Want to see what other hedge funds are holding WFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whole Foods Market, Inc. (NASDAQ:WFM).

Receive News & Ratings for Whole Foods Market Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whole Foods Market Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.