Whittier Trust Co. Has $335,000 Position in Whole Foods Market, Inc. (WFM)
Whittier Trust Co. cut its position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,809 shares of the company’s stock after selling 460 shares during the period. Whittier Trust Co.’s holdings in Whole Foods Market were worth $335,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of WFM. 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 worth $110,000 after buying an additional 515 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in Whole Foods Market during the second quarter worth approximately $144,000. Mizuho Asset Management Co. Ltd. increased its stake in Whole Foods Market by 105.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,609 shares of the company’s stock worth $148,000 after buying an additional 2,361 shares during the last quarter. Balentine LLC increased its stake in Whole Foods Market by 4.8% in the second quarter. Balentine LLC now owns 5,019 shares of the company’s stock worth $161,000 after buying an additional 229 shares during the last quarter. Finally, Synovus Financial Corp increased its stake in 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 83.70% of the company’s stock.
Shares of Whole Foods Market, Inc. (NASDAQ:WFM) traded up 0.52% during mid-day trading on Friday, hitting $30.68. The stock had a trading volume of 2,560,834 shares. Whole Foods Market, Inc. has a one year low of $27.67 and a one year high of $35.58. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 19.79 and a beta of 0.78. The firm has a 50 day moving average of $31.25 and a 200 day moving average of $30.48.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $26.30 million. Whole Foods Market had a return on equity of 15.65% and a net margin of 3.22%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. On average, analysts forecast that Whole Foods Market, Inc. will post $1.45 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 24th. Stockholders of record on Friday, January 13th will be given a $0.14 dividend. This is an increase from Whole Foods Market’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Wednesday, January 11th. Whole Foods Market’s dividend payout ratio (DPR) is currently 36.13%.
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A number of analysts have commented on the company. Credit Suisse Group set a $40.00 target price on Whole Foods Market and gave the stock a “buy” rating in a research report on Sunday, November 6th. Barclays PLC set a $30.00 price target on Whole Foods Market and gave the stock a “hold” rating in a report on Saturday, November 19th. Vetr cut Whole Foods Market from a “hold” rating to a “sell” rating and set a $29.97 price target for the company. in a report on Monday, December 5th. BMO Capital Markets reissued an “underperform” rating and issued a $23.00 price target on shares of Whole Foods Market in a report on Thursday, November 3rd. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $37.00 price target on shares of Whole Foods Market in a report on Thursday, November 3rd. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.27.
In related news, EVP James P. Sud sold 1,700 shares of Whole Foods Market stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $31.30, for a total transaction of $53,210.00. Following the sale, the executive vice president now directly owns 185,322 shares of the company’s stock, valued at $5,800,578.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Glenda J. Flanagan sold 4,592 shares of Whole Foods Market stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $31.37, for a total value of $144,051.04. Following the sale, the chief financial officer now directly owns 216,590 shares in the company, valued at $6,794,428.30. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
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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