Stratos Wealth Partners LTD. bought a new position in Whole Foods Market, Inc. (NASDAQ:WFM) during the second quarter, Holdings Channel reports. The institutional investor bought 6,063 shares of the company’s stock, valued at approximately $255,000.

Other hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in shares of 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 valued at $4,265,000 after buying an additional 2,300 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in shares of 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 valued at $14,938,000 after buying an additional 73,498 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Whole Foods Market by 17.1% in the fourth quarter. Macquarie Group Ltd. now owns 37,000 shares of the company’s stock valued at $1,138,000 after buying an additional 5,400 shares during the last quarter. Everence Capital Management Inc. purchased a new position in shares of Whole Foods Market during the first quarter valued at approximately $383,000. Finally, IFP Advisors Inc increased its position in shares of Whole Foods Market by 52.5% in the first quarter. IFP Advisors Inc now owns 17,547 shares of the company’s stock valued at $522,000 after buying an additional 6,044 shares during the last quarter. Hedge funds and other institutional investors own 87.89% of the company’s stock.

Shares of Whole Foods Market, Inc. (NASDAQ WFM) opened at 41.83 on Friday. The stock has a market cap of $13.40 billion, a PE ratio of 34.46 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. The stock has a 50 day moving average of $41.99 and a 200 day moving average of $35.24.

Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 repurchase program on Wednesday, May 10th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the company to reacquire up to 10.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

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Several equities analysts recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Whole Foods Market from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. UBS AG reiterated a “sell” rating and set a $25.00 price target on shares of Whole Foods Market in a report on Friday, April 14th. BMO Capital Markets upgraded shares of Whole Foods Market from an “underperform” rating to a “market perform” rating and upped their price target for the company from $30.00 to $42.00 in a report on Saturday, June 17th. BidaskClub downgraded shares of Whole Foods Market from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Telsey Advisory Group upped their price target on shares of Whole Foods Market from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Thursday, May 11th. Four 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. The company currently has an average rating of “Hold” and an average price target of $38.06.

In related news, insider Juan Nunez sold 14,502 shares of Whole Foods Market stock in a transaction that occurred on 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 owns 5,746 shares in the company, valued at $158,129.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laura A. Derba sold 2,200 shares of Whole Foods Market stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $36.48, for a total transaction of $80,256.00. Following the completion of the transaction, the insider now owns 3,418 shares of the company’s stock, valued at approximately $124,688.64. The disclosure for this sale can be found here. Insiders sold 18,133 shares of company stock valued at $531,354 in the last 90 days. Company insiders own 1.30% of the company’s stock.

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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