Pictet Asset Management Ltd. increased its stake in Whole Foods Market, Inc. (NASDAQ:WFM) by 28.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 922,194 shares of the company’s stock after buying an additional 201,730 shares during the period. Pictet Asset Management Ltd.’s holdings in Whole Foods Market were worth $32,268,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in WFM. AT Bancorp bought a new stake in shares of Whole Foods Market during the second quarter valued at approximately $118,000. Winslow Evans & Crocker Inc. increased 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 valued at $132,000 after buying an additional 2,154 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Whole Foods Market during the first quarter valued at approximately $105,000. Westside Investment Management Inc. increased 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 valued at $125,000 after buying an additional 3,320 shares during the last quarter. Finally, Baldwin Brothers Inc. MA bought a new stake in shares of Whole Foods Market during the second quarter valued at approximately $190,000. 87.89% of the stock is owned by institutional investors and hedge funds.

Whole Foods Market, Inc. (WFM) opened at 41.85 on Thursday. The firm has a market capitalization of $13.40 billion, a PE ratio of 34.47 and a beta of 0.82. The stock has a 50 day moving average of $42.03 and a 200 day moving average of $35.19. 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 posted its earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, topping 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 net margin of 2.44% and a return on equity of 13.26%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. On average, equities analysts predict that Whole Foods Market, Inc. will post $1.34 earnings per share for the current fiscal year.

Whole Foods Market declared that its board has approved a share repurchase plan on Wednesday, May 10th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the company to purchase up to 10.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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Several brokerages recently commented on WFM. UBS AG reaffirmed a “sell” rating and set a $25.00 target price on shares of Whole Foods Market in a report on Friday, April 14th. Tigress Financial downgraded shares of Whole Foods Market from a “buy” rating to a “neutral” rating in a report on Monday. BidaskClub raised shares of Whole Foods Market from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. SunTrust Banks, Inc. downgraded shares of Whole Foods Market from a “buy” rating to a “hold” rating and lifted their target price for the stock from $40.00 to $42.00 in a report on Tuesday, June 20th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Whole Foods Market in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned 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 price target of $38.06.

In other news, insider Angela Lorenzen sold 1,431 shares of Whole Foods Market stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $36.34, for a total value of $52,002.54. Following the completion of the transaction, the insider now owns 1,131 shares in the company, valued at $41,100.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura A. Derba sold 2,200 shares of Whole Foods Market stock in a transaction dated Tuesday, May 16th. The stock was 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 18,466 shares of company stock valued at $543,688 in the last quarter. 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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