Proffitt & Goodson Inc. decreased its position in Whole Foods Market, Inc. (NASDAQ:WFM) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,650 shares of the company’s stock after selling 440 shares during the period. Proffitt & Goodson Inc.’s holdings in Whole Foods Market were worth $1,178,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of WFM. Advisory Services Network LLC acquired a new stake in shares of Whole Foods Market during the first quarter worth about $105,000. SRB Corp raised its stake in shares of Whole Foods Market by 12.3% in the third quarter. SRB Corp now owns 5,033 shares of the company’s stock worth $143,000 after buying an additional 552 shares during the period. Seven Bridges Advisors LLC raised its stake in shares of Whole Foods Market by 55.4% in the third quarter. Seven Bridges Advisors LLC now owns 5,331 shares of the company’s stock worth $151,000 after buying an additional 1,900 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of Whole Foods Market during the fourth quarter worth about $163,000. Finally, Synovus Financial Corp raised its stake 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 worth $195,000 after buying an additional 2,005 shares during the period. Institutional investors own 85.46% of the company’s stock.
Whole Foods Market, Inc. (NASDAQ:WFM) traded down 0.44% on Friday, reaching $35.99. The company’s stock had a trading volume of 3,381,421 shares. Whole Foods Market, Inc. has a 52-week low of $27.67 and a 52-week high of $38.29. The firm has a market capitalization of $11.47 billion, a P/E ratio of 28.65 and a beta of 0.75. The firm has a 50-day moving average price of $34.71 and a 200 day moving average price of $31.51.
Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings results on Wednesday, May 10th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.37. Whole Foods Market had a return on equity of 14.57% and a net margin of 2.81%. The company had revenue of $3.74 million during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s quarterly revenue was down 99.9% on a year-over-year basis. Equities analysts anticipate that Whole Foods Market, Inc. will post $1.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, June 28th. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.14. Whole Foods Market’s payout ratio is 40.29%.
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WFM has been the topic of a number of recent research reports. Wells Fargo & Co upgraded shares of Whole Foods Market from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research note on Thursday, May 11th. Zacks Investment Research raised Whole Foods Market from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Vetr raised Whole Foods Market from a “hold” rating to a “strong-buy” rating and set a $35.01 price target for the company in a report on Wednesday, March 8th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $28.00 price target (down from $29.00) on shares of Whole Foods Market in a report on Thursday, February 9th. Finally, Wolfe Research raised Whole Foods Market from an “underperform” rating to a “market perform” rating in a report on Tuesday, May 2nd. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $32.94.
In other news, CFO Glenda J. Flanagan sold 4,250 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $31.28, for a total value of $132,940.00. Following the sale, the chief financial officer now owns 219,372 shares of the company’s stock, valued at approximately $6,861,956.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Juan Nunez sold 14,502 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was 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 in the company, valued at approximately $158,129.92. The disclosure for this sale can be found here. Insiders have sold a total of 37,736 shares of company stock valued at $1,126,006 in the last quarter. 1.30% of the stock is currently owned by 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.
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