Wall Street Associates Has $332,000 Position in Whole Foods Market, Inc. (WFM)

Wall Street Associates Has $332,000 Position in Whole Foods Market, Inc. (WFM)

Wall Street Associates continued to hold its stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) during the fourth quarter, Holdings Channel reports. The fund owned 10,800 shares of the company’s stock at the end of the fourth quarter. Wall Street Associates’ holdings in Whole Foods Market were worth $332,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Conning Inc. boosted its position in shares of Whole Foods Market by 0.5% in the third quarter. Conning Inc. now owns 8,050 shares of the company’s stock valued at $228,000 after buying an additional 40 shares during the period. Berkeley Capital Partners LLC boosted its position in shares of Whole Foods Market by 0.3% in the third quarter. Berkeley Capital Partners LLC now owns 22,048 shares of the company’s stock valued at $625,000 after buying an additional 76 shares during the period. Reliance Trust Co. of Delaware boosted its position in shares of Whole Foods Market by 0.9% in the second quarter. Reliance Trust Co. of Delaware now owns 9,439 shares of the company’s stock valued at $302,000 after buying an additional 87 shares during the period. Cullinan Associates Inc. boosted its position in shares of Whole Foods Market by 0.4% in the third quarter. Cullinan Associates Inc. now owns 23,500 shares of the company’s stock valued at $666,000 after buying an additional 100 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Whole Foods Market by 0.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,878 shares of the company’s stock valued at $828,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Shares of Whole Foods Market, Inc. (NASDAQ:WFM) traded down 2.50% during mid-day trading on Friday, reaching $30.41. The company’s stock had a trading volume of 2,432,096 shares. The firm has a market cap of $9.68 billion, a PE ratio of 19.62 and a beta of 0.78. Whole Foods Market, Inc. has a one year low of $27.67 and a one year high of $35.58. The firm’s 50 day moving average is $31.21 and its 200 day moving average is $30.38.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 24th. Stockholders of record on Friday, January 13th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Wednesday, January 11th. This is an increase from Whole Foods Market’s previous quarterly dividend of $0.14. Whole Foods Market’s payout ratio is currently 36.13%.

Several equities analysts recently commented on the company. Vetr upgraded Whole Foods Market from a “sell” rating to a “hold” rating and set a $29.97 target price for the company in a research report on Tuesday, November 29th. Zacks Investment Research upgraded Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd. Barclays PLC set a $30.00 target price on Whole Foods Market and gave the stock a “hold” rating in a research report on Saturday, November 19th. Deutsche Bank AG restated a “hold” rating and set a $29.00 target price (down from $32.00) on shares of Whole Foods Market in a research report on Thursday, November 3rd. Finally, Credit Suisse Group set a $40.00 target price on Whole Foods Market and gave the stock a “buy” rating in a research report on Sunday, November 6th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $30.48.

In related news, EVP James P. Sud sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $31.30, for a total value of $53,210.00. Following the completion of the transaction, the executive vice president now owns 185,322 shares of the company’s stock, valued at $5,800,578.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeff Turnas sold 4,400 shares of the business’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 completion of the transaction, the insider now directly owns 6,792 shares of the company’s stock, valued at approximately $205,186.32. The disclosure for this sale can be found here. Insiders have sold 10,738 shares of company stock valued at $331,611 in 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 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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