Huntington National Bank continued to hold its stake in shares of Whole Foods Market Inc. (NASDAQ:WFM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,183 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Whole Foods Market were worth $5,426,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WFM. First Manhattan Co. boosted its stake in Whole Foods Market by 1.0% in the second quarter. First Manhattan Co. now owns 10,103 shares of the company’s stock worth $323,000 after buying an additional 103 shares during the last quarter. 1st Global Advisors Inc. boosted its stake in Whole Foods Market by 2.0% in the second quarter. 1st Global Advisors Inc. now owns 13,210 shares of the company’s stock worth $423,000 after buying an additional 258 shares during the last quarter. Cullinan Associates Inc. boosted its stake in Whole Foods Market by 1.3% in the first quarter. Cullinan Associates Inc. now owns 23,400 shares of the company’s stock worth $728,000 after buying an additional 300 shares during the last quarter. Macnealy Hoover Investment Management Inc. boosted its stake in Whole Foods Market by 0.9% in the second quarter. Macnealy Hoover Investment Management Inc. now owns 34,475 shares of the company’s stock worth $1,104,000 after buying an additional 300 shares during the last quarter. Finally, Garland Capital Management Inc. boosted its stake in Whole Foods Market by 0.6% in the second quarter. Garland Capital Management Inc. now owns 95,825 shares of the company’s stock worth $3,068,000 after buying an additional 550 shares during the last quarter. 86.52% of the stock is owned by hedge funds and other institutional investors.

Shares of Whole Foods Market Inc. (NASDAQ:WFM) traded down 1.26% on Tuesday, reaching $28.22. The company had a trading volume of 3,883,763 shares. The stock has a market capitalization of $9.00 billion, a PE 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 52-week low of $27.67 and a 52-week 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 analysts’ consensus estimates of $0.37. The firm earned $3.70 billion during the quarter, compared to the consensus estimate of $3.73 billion. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. On average, equities research analysts anticipate that Whole Foods Market Inc. will post $1.51 earnings per share for the current year.

A number of analysts have weighed in on the company. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a $28.00 price objective (down from $31.00) on shares of Whole Foods Market in a research report on Tuesday, September 13th. Citigroup Inc. decreased their price objective on Whole Foods Market from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, September 13th. Vetr raised Whole Foods Market from a “buy” rating to a “strong-buy” rating and set a $32.70 price objective for the company in a research report on Wednesday, September 7th. Zacks Investment Research raised Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $38.00 price objective on shares of Whole Foods Market in a research report on Tuesday, August 16th. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. Whole Foods Market presently has a consensus rating of “Hold” and a consensus target price of $30.29.

In other Whole Foods Market news, Director Shahid M. Hassan sold 7,916 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $28.41, for a total value of $224,893.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.09% of the stock is owned by company insiders.

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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