Cullen Frost Bankers Inc. purchased a new position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) during the second quarter, Holdings Channel reports. The firm purchased 4,876 shares of the company’s stock, valued at approximately $206,000.

Several other large investors have also recently added to or reduced their stakes in WFM. Oregon Public Employees Retirement Fund raised its stake in Whole Foods Market by 1.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 143,522 shares of the company’s stock worth $4,265,000 after buying an additional 2,300 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in Whole Foods Market by 16.8% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 512,229 shares of the company’s stock worth $14,938,000 after buying an additional 73,498 shares in the last quarter. Macquarie Group Ltd. raised its stake in Whole Foods Market by 17.1% in the fourth quarter. Macquarie Group Ltd. now owns 37,000 shares of the company’s stock worth $1,138,000 after buying an additional 5,400 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Whole Foods Market during the first quarter worth about $383,000. Finally, IFP Advisors Inc raised its stake in Whole Foods Market by 52.5% in the first quarter. IFP Advisors Inc now owns 17,547 shares of the company’s stock worth $522,000 after buying an additional 6,044 shares in the last quarter. Institutional investors and hedge funds own 87.89% of the company’s stock.

Whole Foods Market, Inc. (WFM) opened at 41.85 on Thursday. The company’s 50-day moving average is $42.03 and its 200-day moving average is $35.19. The stock has a market capitalization of $13.40 billion, a P/E ratio of 34.47 and a beta of 0.82. Whole Foods Market, Inc. has a 12 month low of $27.67 and a 12 month high of $43.84.

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

Whole Foods Market announced that its Board of Directors has approved a stock repurchase program on Wednesday, May 10th that authorizes the company to buyback $1.25 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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A number of equities research analysts have recently issued reports on WFM shares. Wolfe Research upgraded shares of Whole Foods Market from an “underperform” rating to a “market perform” rating in a report on Tuesday, May 2nd. Credit Suisse Group restated an “outperform” rating and set a $40.00 price target on shares of Whole Foods Market in a report on Sunday, April 23rd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $40.00 price target (up previously from $35.00) on shares of Whole Foods Market in a report on Friday, April 14th. Zacks Investment Research lowered shares of Whole Foods Market from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Finally, Vetr lowered shares of Whole Foods Market from a “hold” rating to a “sell” rating and set a $35.59 price target on the stock. in a report on Monday, May 8th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the stock. Whole Foods Market currently has an average rating of “Hold” and a consensus target price of $38.06.

In other Whole Foods Market news, insider Juan Nunez sold 14,502 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $27.52, for a total transaction of $399,095.04. Following the sale, the insider now directly owns 5,746 shares in the company, valued at approximately $158,129.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura A. Derba sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $36.48, for a total transaction of $80,256.00. Following the sale, the insider now owns 3,418 shares in the company, valued at $124,688.64. The disclosure for this sale can be found here. Insiders have sold a total of 18,466 shares of company stock worth $543,688 over the last 90 days. Corporate 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.

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

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