Wetherby Asset Management Inc. acquired a new stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,891 shares of the company’s stock, valued at approximately $206,000.
Several other institutional investors have also recently made changes to their positions in WFM. Advisory Services Network LLC purchased a new position in shares of Whole Foods Market during the first quarter valued at about $105,000. AT Bancorp purchased a new position in shares of Whole Foods Market during the second quarter valued at about $118,000. Westside Investment Management Inc. increased its position in shares of Whole Foods Market by 406.4% in the first quarter. Westside Investment Management Inc. now owns 4,137 shares of the company’s stock valued at $125,000 after buying an additional 3,320 shares during the last quarter. Winslow Evans & Crocker Inc. increased its position in shares of Whole Foods Market by 169.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,428 shares of the company’s stock valued at $132,000 after buying an additional 2,154 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Whole Foods Market by 3.4% in the first quarter. Pacer Advisors Inc. now owns 6,212 shares of the company’s stock valued at $185,000 after buying an additional 207 shares during the last quarter. 86.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of Whole Foods Market, Inc. (NASDAQ WFM) opened at 41.73 on Friday. The company’s 50-day moving average is $41.85 and its 200-day moving average is $35.72. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of 34.37 and a beta of 0.82. Whole Foods Market, Inc. has a 12-month low of $27.67 and a 12-month high of $43.84.
Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Whole Foods Market had a net margin of 2.44% and a return on equity of 13.26%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, equities analysts forecast that Whole Foods Market, Inc. will post $1.33 earnings per share for the current fiscal year.
Whole Foods Market announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 10th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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Several equities analysts recently issued reports on WFM shares. Gordon Haskett started coverage on shares of Whole Foods Market in a research note on Tuesday, May 9th. They set a “buy” rating and a $42.00 price objective on the stock. BidaskClub raised shares of Whole Foods Market from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Wells Fargo & Company reissued a “buy” rating and set a $45.00 price objective on shares of Whole Foods Market in a research note on Thursday, June 29th. Vetr raised shares of Whole Foods Market from a “hold” rating to a “buy” rating and set a $46.16 price objective on the stock in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $42.00 price objective on shares of Whole Foods Market in a research note on Tuesday, July 18th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $38.06.
In other Whole Foods Market news, insider Angela Lorenzen sold 1,431 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.
Whole Foods Market Company Profile
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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