Rothschild Asset Management Inc. Has $1.10 Million Position in Whole Foods Market, Inc. (NASDAQ:WFM)
Rothschild Asset Management Inc. reduced its position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 26.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 26,083 shares of the company’s stock after selling 9,377 shares during the period. Rothschild Asset Management Inc.’s holdings in Whole Foods Market were worth $1,098,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in WFM. Winslow Evans & Crocker Inc. boosted its stake 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 period. Advisory Services Network LLC bought a new stake in shares of Whole Foods Market during the first quarter worth $105,000. Westside Investment Management Inc. boosted its stake 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 period. Baldwin Brothers Inc. MA bought a new stake in shares of Whole Foods Market during the second quarter worth $190,000. Finally, Appleton Partners Inc. MA bought a new stake in shares of Whole Foods Market during the second quarter worth $213,000. Hedge funds and other institutional investors own 87.89% of the company’s stock.
Whole Foods Market, Inc. (WFM) opened at 41.85 on Thursday. The stock’s 50 day moving average price is $42.03 and its 200 day moving average price is $35.19. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 34.47 and a beta of 0.82. 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 announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $3.73 billion for 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 firm’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. On average, equities research analysts predict that Whole Foods Market, Inc. will post $1.34 EPS for the current year.
Whole Foods Market declared that its Board of Directors has initiated a share repurchase plan on Wednesday, May 10th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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WFM has been the topic of a number of recent analyst reports. UBS AG reissued a “sell” rating and issued a $25.00 price objective on shares of Whole Foods Market in a research note on Friday, April 14th. Tigress Financial lowered Whole Foods Market from a “buy” rating to a “neutral” rating in a research note on Monday. BidaskClub raised Whole Foods Market from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. SunTrust Banks, Inc. lowered Whole Foods Market from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $40.00 to $42.00 in a research note on Tuesday, June 20th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Whole Foods Market in a research note on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $38.06.
In other news, insider Laura A. Derba sold 2,200 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $36.48, for a total value of $80,256.00. Following the transaction, the insider now directly owns 3,418 shares of the company’s stock, valued at approximately $124,688.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Juan Nunez sold 14,502 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $27.52, for a total value of $399,095.04. Following the completion of the transaction, the insider now directly owns 5,746 shares in the company, valued at $158,129.92. The disclosure for this sale can be found here. Insiders sold a total of 18,466 shares of company stock worth $543,688 over the last three months. 1.30% of the stock is owned by company insiders.
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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