Calamos Advisors LLC increased its position in Whole Foods Market Inc. (NASDAQ:WFM) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 83,674 shares of the company’s stock after buying an additional 1,284 shares during the period. Calamos Advisors LLC’s holdings in Whole Foods Market were worth $2,679,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the company. PGGM Investments bought a new stake in shares of Whole Foods Market during the second quarter worth about $31,783,000. UBS Asset Management Americas Inc. raised its position in shares of Whole Foods Market by 47.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,460,199 shares of the company’s stock worth $45,428,000 after buying an additional 468,218 shares in the last quarter. Boston Advisors LLC raised its position in shares of Whole Foods Market by 978.3% in the second quarter. Boston Advisors LLC now owns 409,588 shares of the company’s stock worth $13,115,000 after buying an additional 371,605 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Whole Foods Market during the first quarter worth $10,722,000. Finally, Tobam raised its position in shares of Whole Foods Market by 12.1% in the first quarter. Tobam now owns 2,399,298 shares of the company’s stock worth $74,642,000 after buying an additional 258,243 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.49% during mid-day trading on Monday, hitting $28.21. The company had a trading volume of 3,278,657 shares. The company has a 50-day moving average price of $29.48 and a 200-day moving average price of $31.01. Whole Foods Market Inc. has a 1-year low of $27.67 and a 1-year high of $35.58. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 20.01 and a beta of 0.82.
Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. The business earned $3.70 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Whole Foods Market had a net margin of 3.03% and a return on equity of 15.55%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. On average, equities analysts anticipate that Whole Foods Market Inc. will post $1.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.135 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.54 annualized dividend and a dividend yield of 1.91%. Whole Foods Market’s dividend payout ratio (DPR) is currently 37.76%.
A number of equities analysts have weighed in on the company. Vetr lowered Whole Foods Market from a “strong-buy” rating to a “buy” rating and set a $38.47 target price on the stock. in a research note on Monday, June 6th. Goldman Sachs Group Inc. lowered Whole Foods Market from a “neutral” rating to a “sell” rating and set a $31.00 target price on the stock. in a research note on Tuesday, July 26th. Piper Jaffray Cos. restated a “neutral” rating and issued a $29.00 target price on shares of Whole Foods Market in a research note on Sunday, June 12th. Pivotal Research restated a “sell” rating and issued a $20.00 target price on shares of Whole Foods Market in a research note on Wednesday, July 27th. Finally, BMO Capital Markets restated an “underperform” rating and issued a $23.00 target price on shares of Whole Foods Market in a research note on Monday, July 25th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have assigned a buy rating and three have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.28.
In related news, Director Shahid M. Hassan sold 7,916 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $28.41, for a total value of $224,893.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.09% 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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