First Trust Advisors LP cut its position in Whole Foods Market, Inc. (NASDAQ:WFM) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,389,303 shares of the company’s stock after selling 35,724 shares during the period. First Trust Advisors LP’s holdings in Whole Foods Market were worth $58,504,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System increased its stake in Whole Foods Market by 0.5% in the second quarter. Arizona State Retirement System now owns 79,270 shares of the company’s stock worth $3,338,000 after buying an additional 400 shares during the last quarter. Segantii Capital Management Ltd purchased a new stake in Whole Foods Market during the second quarter worth about $4,211,000. Athos Capital Ltd purchased a new stake in Whole Foods Market during the second quarter worth about $5,895,000. Schwab Charles Investment Management Inc. increased its stake in Whole Foods Market by 7.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,211,756 shares of the company’s stock worth $51,028,000 after buying an additional 87,405 shares during the last quarter. Finally, Wetherby Asset Management Inc. purchased a new stake in Whole Foods Market during the second quarter worth about $206,000. 87.89% of the stock is currently owned by institutional investors.

Shares of Whole Foods Market, Inc. (NASDAQ WFM) opened at 41.75 on Friday. The firm has a 50 day moving average price of $41.95 and a 200 day moving average price of $35.32. Whole Foods Market, Inc. has a one year low of $27.67 and a one year high of $43.84. The stock has a market capitalization of $13.37 billion, a PE ratio of 34.39 and a beta of 0.82.

Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. Whole Foods Market had a return on equity of 13.26% and a net margin of 2.44%. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm posted $0.37 earnings per share. The company’s revenue was up .6% on a year-over-year basis. 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 initiated a share buyback plan on Wednesday, May 10th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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A number of analysts have issued reports on the company. BidaskClub raised Whole Foods Market from a “sell” rating to a “hold” rating in a research note on Friday. Tigress Financial downgraded Whole Foods Market from a “buy” rating to a “neutral” rating in a research note on Monday, August 7th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Whole Foods Market in a research note on Wednesday, July 26th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Whole Foods Market in a research note on Tuesday, July 18th. Finally, Vetr raised Whole Foods Market from a “hold” rating to a “buy” rating and set a $46.16 price objective on the stock in a research note on Friday, July 14th. Three 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 company presently 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 Whole Foods Market stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $36.34, for a total value of $52,002.54. Following the completion of the sale, the insider now directly owns 1,131 shares of the company’s stock, valued at $41,100.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Juan Nunez sold 14,502 shares of Whole Foods Market stock in a transaction 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 sale, the insider now directly owns 5,746 shares of the company’s stock, valued at $158,129.92. The disclosure for this sale can be found here. Insiders sold 18,133 shares of company stock valued at $531,354 over the last ninety days. 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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