Douglas Lane & Associates LLC lowered its position in Whole Foods Market Inc. (NASDAQ:WFM) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 496,251 shares of the company’s stock after selling 16,094 shares during the period. Douglas Lane & Associates LLC’s holdings in Whole Foods Market were worth $15,890,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of WFM. Geode Capital Management LLC increased its stake in shares of Whole Foods Market by 0.7% in the first quarter. Geode Capital Management LLC now owns 2,877,225 shares of the company’s stock valued at $89,343,000 after buying an additional 20,955 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Whole Foods Market by 283.7% in the first quarter. Canada Pension Plan Investment Board now owns 39,729 shares of the company’s stock valued at $1,236,000 after buying an additional 29,375 shares during the period. Simmons Bank bought a new stake in shares of Whole Foods Market during the first quarter valued at about $439,000. Robecosam AG increased its stake in shares of Whole Foods Market by 23.6% in the first quarter. Robecosam AG now owns 106,204 shares of the company’s stock valued at $3,385,000 after buying an additional 20,301 shares during the period. Finally, Pioneer Investment Management Inc. increased its stake in shares of Whole Foods Market by 250.7% in the fourth quarter. Pioneer Investment Management Inc. now owns 403,026 shares of the company’s stock valued at $13,501,000 after buying an additional 288,102 shares during the period. Institutional investors and hedge funds own 86.52% of the company’s stock.

Shares of Whole Foods Market Inc. (NASDAQ:WFM) traded down 1.26% during trading on Tuesday, hitting $28.22. 3,883,763 shares of the stock traded hands. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of 20.01 and a beta of 0.74. The company has a 50 day moving average price of $30.00 and a 200 day moving average price of $31.33. 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 announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 analysts’ expectations of $3.73 billion. During the same period last year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts anticipate that Whole Foods Market Inc. will post $1.51 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on WFM. RBC Capital Markets set a $37.00 price target on shares of Whole Foods Market and gave the company a “buy” rating in a research report on Thursday, July 28th. Credit Suisse Group AG dropped their price target on shares of Whole Foods Market from $40.00 to $28.07 and set a “focus list” rating for the company in a research report on Thursday, August 4th. Zacks Investment Research upgraded shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Thursday, August 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $37.00 price target on shares of Whole Foods Market in a research report on Wednesday, June 22nd. Finally, Wedbush reiterated a “neutral” rating and issued a $29.00 price target on shares of Whole Foods Market in a research report on Thursday, May 26th. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $30.29.

In other news, Director Shahid M. Hassan sold 7,916 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.09% of the company’s stock.

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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