Bank of Hawaii Maintains Holding in Whole Foods Market, Inc. (WFM)

Bank of Hawaii Maintains Holding in Whole Foods Market, Inc. (WFM)

Bank of Hawaii held its position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,460 shares of the company’s stock at the end of the first quarter. Bank of Hawaii’s holdings in Whole Foods Market were worth $281,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WFM. Oregon Public Employees Retirement Fund boosted its stake in 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 worth $4,265,000 after buying an additional 2,300 shares in the last quarter. First Personal Financial Services bought a new stake in Whole Foods Market during the third quarter worth approximately $1,447,000. Everence Capital Management Inc. bought a new stake in Whole Foods Market during the first quarter worth approximately $383,000. Macquarie Group Ltd. boosted its stake in Whole Foods Market by 17.1% in the fourth quarter. Macquarie Group Ltd. now owns 37,000 shares of the company’s stock worth $1,138,000 after buying an additional 5,400 shares in the last quarter. Finally, Philadelphia Trust Co. boosted its stake in Whole Foods Market by 4.7% in the fourth quarter. Philadelphia Trust Co. now owns 656,257 shares of the company’s stock worth $20,186,000 after buying an additional 29,352 shares in the last quarter. Institutional investors and hedge funds own 85.46% of the company’s stock.

Whole Foods Market, Inc. (NASDAQ:WFM) traded up 0.37% during trading on Thursday, reaching $35.12. The company had a trading volume of 642,068 shares. The company has a market capitalization of $11.22 billion, a P/E ratio of 27.96 and a beta of 0.75. Whole Foods Market, Inc. has a 12 month low of $27.67 and a 12 month high of $38.29. The stock has a 50 day moving average of $35.86 and a 200-day moving average of $31.91.

Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings results on Wednesday, May 10th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $3.74 million during the quarter, compared to the consensus estimate of $3.73 billion. Whole Foods Market had a return on equity of 14.57% and a net margin of 2.81%. The firm’s revenue was down 99.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS. Equities research analysts expect that Whole Foods Market, Inc. will post $1.31 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Wednesday, June 28th. This is an increase from Whole Foods Market’s previous quarterly dividend of $0.14. Whole Foods Market’s dividend payout ratio is 40.29%.

A number of analysts recently commented on WFM shares. TheStreet upgraded Whole Foods Market from a “c+” rating to a “b” rating in a research report on Wednesday, March 1st. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Whole Foods Market in a research report on Wednesday, March 29th. Credit Suisse Group AG reiterated a “buy” rating and set a $36.00 price objective on shares of Whole Foods Market in a research report on Wednesday, April 5th. Vetr cut Whole Foods Market from a “strong-buy” rating to a “buy” rating and set a $38.12 price objective for the company. in a research report on Monday, April 10th. Finally, Gordon Haskett started coverage on Whole Foods Market in a research report on Tuesday, May 9th. They set a “buy” rating and a $42.00 price objective for the company. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the stock. Whole Foods Market presently has a consensus rating of “Hold” and an average price target of $33.21.

In other news, insider Michael Bashaw sold 2,614 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $29.56, for a total transaction of $77,269.84. Following the completion of the sale, the insider now owns 4,949 shares in the company, valued at approximately $146,292.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Angela Lorenzen sold 1,431 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $36.34, for a total value of $52,002.54. Following the sale, the insider now owns 1,131 shares of the company’s stock, valued at approximately $41,100.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,141 shares of company stock valued at $681,345. 1.30% of the stock is currently owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WFM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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