Advisory Services Network LLC decreased its stake in shares of Whole Foods Market Inc. (NASDAQ:WFM) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,910 shares of the company’s stock after selling 42 shares during the period. Advisory Services Network LLC’s holdings in Whole Foods Market were worth $157,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. ING Groep NV acquired a new stake in shares of Whole Foods Market during the second quarter worth $400,000. David R. Rahn & Associates Inc. purchased a new position in shares of Whole Foods Market during the second quarter valued at approximately $1,460,000. Cambiar Investors LLC increased its position in shares of Whole Foods Market by 47.8% in the second quarter. Cambiar Investors LLC now owns 163,360 shares of the company’s stock valued at $5,231,000 after buying an additional 52,832 shares during the last quarter. Smith Graham & Co. Investment Advisors LP increased its position in shares of Whole Foods Market by 10.4% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 126,420 shares of the company’s stock valued at $4,048,000 after buying an additional 11,920 shares during the last quarter. Finally, Calamos Advisors LLC increased its position in shares of Whole Foods Market by 1.6% in the second quarter. Calamos Advisors LLC now owns 83,674 shares of the company’s stock valued at $2,679,000 after buying an additional 1,284 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.
Shares of Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.31% during trading on Monday, hitting $28.77. The stock had a trading volume of 3,126,694 shares. Whole Foods Market Inc. has a 12 month low of $27.67 and a 12 month high of $35.58. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 20.40 and a beta of 0.82. The company’s 50 day moving average price is $29.25 and its 200 day moving average price is $30.90.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.37 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. The firm earned $3.70 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts expect that Whole Foods Market Inc. will post $1.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, September 29th. Whole Foods Market’s payout ratio is currently 37.76%.
WFM has been the topic of a number of research analyst reports. Piper Jaffray Cos. reissued a “neutral” rating and set a $29.00 price objective on shares of Whole Foods Market in a research report on Sunday, June 12th. Vetr raised shares of Whole Foods Market from a “buy” rating to a “strong-buy” rating and set a $38.47 price objective on the stock in a research report on Monday, June 13th. Northcoast Research downgraded shares of Whole Foods Market from a “neutral” rating to a “sell” rating and set a $24.00 price objective on the stock. in a research report on Wednesday, June 15th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Whole Foods Market in a research report on Wednesday, June 15th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $32.00 target price (up from $29.00) on shares of Whole Foods Market in a research report on Friday, June 17th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $30.28.
In other Whole Foods Market news, Director Shahid M. Hassan sold 7,916 shares of the company’s stock in a transaction on Friday, September 16th. The stock was 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 is available through this hyperlink. 1.09% of the stock is owned by company insiders.
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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