Cigna Investments Inc. New decreased its position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,197 shares of the company’s stock after selling 661 shares during the period. Cigna Investments Inc. New’s holdings in Whole Foods Market were worth $516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in shares of Whole Foods Market during the first quarter worth about $105,000. AT Bancorp bought a new position in shares of Whole Foods Market during the second quarter worth about $118,000. Westside Investment Management Inc. boosted its position in shares of Whole Foods Market by 406.4% in the first quarter. Westside Investment Management Inc. now owns 4,137 shares of the company’s stock worth $125,000 after buying an additional 3,320 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its position in shares of Whole Foods Market by 169.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,428 shares of the company’s stock worth $132,000 after buying an additional 2,154 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Whole Foods Market by 3.4% in the first quarter. Pacer Advisors Inc. now owns 6,212 shares of the company’s stock worth $185,000 after buying an additional 207 shares during the last quarter. 86.33% of the stock is owned by institutional investors.

Whole Foods Market, Inc. (NASDAQ:WFM) opened at 41.79 on Wednesday. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 34.42 and a beta of 0.82. The stock’s 50 day moving average price is $41.90 and its 200 day moving average price is $35.55. Whole Foods Market, Inc. has a 52-week low of $27.67 and a 52-week high of $43.84.

Whole Foods Market (NASDAQ:WFM) last posted its earnings results on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Whole Foods Market had a return on equity of 13.26% and a net margin of 2.44%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. On average, equities analysts anticipate that Whole Foods Market, Inc. will post $1.34 earnings per share for the current fiscal year.

Whole Foods Market declared that its Board of Directors has initiated a share buyback program on Wednesday, May 10th that authorizes the company to buyback $1.25 billion in shares. This buyback authorization authorizes the company to purchase up to 10.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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A number of research analysts have issued reports on the company. Zacks Investment Research raised Whole Foods Market from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Wells Fargo & Company raised Whole Foods Market from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Thursday, May 11th. BidaskClub raised Whole Foods Market from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Vetr raised Whole Foods Market from a “strong sell” rating to a “hold” rating and set a $42.27 price objective for the company in a report on Monday, June 19th. Finally, Tigress Financial cut Whole Foods Market from a “buy” rating to a “neutral” rating in a report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $38.06.

In other news, insider Angela Lorenzen sold 1,431 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $36.34, for a total transaction of $52,002.54. Following the completion of the transaction, the insider now directly owns 1,131 shares in the company, valued at $41,100.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Juan Nunez sold 14,502 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $27.52, for a total value of $399,095.04. Following the transaction, the insider now owns 5,746 shares of the company’s stock, valued at $158,129.92. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

About Whole Foods Market

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.

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

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