The Whole Foods Market Inc. (WFM) Stake Boosted by Bradley Foster & Sargent Inc. CT

The Whole Foods Market Inc. (WFM) Stake Boosted by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT raised its position in Whole Foods Market Inc. (NASDAQ:WFM) by 28.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,455 shares of the company’s stock after buying an additional 6,575 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Whole Foods Market were worth $835,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Seven Bridges Advisors LLC boosted its position in shares of Whole Foods Market by 17.7% in the second quarter. Seven Bridges Advisors LLC now owns 3,431 shares of the company’s stock valued at $110,000 after buying an additional 515 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Whole Foods Market during the second quarter valued at $144,000. Mizuho Asset Management Co. Ltd. boosted its position in shares of Whole Foods Market by 105.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,609 shares of the company’s stock valued at $148,000 after buying an additional 2,361 shares during the last quarter. Balentine LLC boosted its position in shares of Whole Foods Market by 4.8% in the second quarter. Balentine LLC now owns 5,019 shares of the company’s stock valued at $161,000 after buying an additional 229 shares during the last quarter. Finally, Synovus Financial Corp boosted its position in shares of Whole Foods Market by 41.0% in the third quarter. Synovus Financial Corp now owns 6,895 shares of the company’s stock valued at $195,000 after buying an additional 2,005 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Shares of Whole Foods Market Inc. (NASDAQ:WFM) traded down 1.41% during midday trading on Thursday, hitting $30.77. The company had a trading volume of 3,142,594 shares. The stock’s 50-day moving average price is $31.22 and its 200-day moving average price is $30.45. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 19.85 and a beta of 0.78. Whole Foods Market Inc. has a 12 month low of $27.67 and a 12 month high of $35.58.

Whole Foods Market (NASDAQ:WFM) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm earned $3.50 billion during the quarter, compared to analyst estimates of $26.30 million. Whole Foods Market had a net margin of 3.22% and a return on equity of 15.65%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. On average, equities research analysts forecast that Whole Foods Market Inc. will post $1.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 24th. Shareholders of record on Friday, January 13th will be paid a $0.14 dividend. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $0.56 annualized dividend and a yield of 1.82%. Whole Foods Market’s dividend payout ratio (DPR) is 36.13%.

Several brokerages have recently weighed in on WFM. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $35.00 price target on shares of Whole Foods Market in a research report on Wednesday, November 2nd. BMO Capital Markets reaffirmed an “underperform” rating and issued a $23.00 target price on shares of Whole Foods Market in a research report on Thursday, November 3rd. Bank of America Corp. cut shares of Whole Foods Market from a “neutral” rating to an “underperform” rating and set a $25.00 target price on the stock. in a research report on Friday, November 4th. Zacks Investment Research raised shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Saturday, January 7th. Finally, Vetr cut shares of Whole Foods Market from a “strong-buy” rating to a “buy” rating and set a $30.72 target price on the stock. in a research report on Monday, November 7th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. Whole Foods Market currently has a consensus rating of “Hold” and a consensus price target of $30.27.

In other news, CFO Glenda J. Flanagan sold 4,592 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $31.37, for a total transaction of $144,051.04. Following the completion of the sale, the chief financial officer now owns 216,590 shares in the company, valued at approximately $6,794,428.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeff Turnas sold 4,400 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $30.21, for a total transaction of $132,924.00. Following the sale, the insider now owns 6,792 shares of the company’s stock, valued at approximately $205,186.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,738 shares of company stock valued at $331,611. Company insiders own 1.30% of the company’s stock.

About Whole Foods Market

Whole Foods Market, Inc is engaged in operating natural and organic foods supermarkets. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. As of April 10, 2016, the Company operated 441 stores, which include 421 stores in 42 states in the United States and the District of Columbia, 11 stores in Canada, and 9 stores in the United Kingdom.

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