TD Asset Management Inc. Has $4.83 Million Stake in Whole Foods Market, Inc. (WFM)

TD Asset Management Inc. reduced its position in Whole Foods Market, Inc. (NASDAQ:WFM) by 7.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,643 shares of the company’s stock after selling 9,871 shares during the period. TD Asset Management Inc.’s holdings in Whole Foods Market were worth $4,828,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in WFM. Cleararc Capital Inc. boosted its position in Whole Foods Market by 0.5% in the first quarter. Cleararc Capital Inc. now owns 7,792 shares of the company’s stock worth $232,000 after buying an additional 35 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in Whole Foods Market by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 20,207 shares of the company’s stock worth $851,000 after buying an additional 64 shares in the last quarter. CAPROCK Group Inc. boosted its position in Whole Foods Market by 1.7% in the first quarter. CAPROCK Group Inc. now owns 8,300 shares of the company’s stock worth $247,000 after buying an additional 136 shares in the last quarter. Mercer Capital Advisers Inc. boosted its position in Whole Foods Market by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 26,755 shares of the company’s stock worth $1,127,000 after buying an additional 175 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its position in Whole Foods Market by 0.6% in the first quarter. Advantus Capital Management Inc now owns 31,917 shares of the company’s stock worth $949,000 after buying an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 86.33% of the company’s stock.

Shares of Whole Foods Market, Inc. (NASDAQ WFM) opened at 41.73 on Friday. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of 34.37 and a beta of 0.82. The firm has a 50-day moving average price of $41.85 and a 200 day moving average price of $35.72. 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 issued its quarterly earnings data 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. Whole Foods Market had a return on equity of 13.26% and a net margin of 2.44%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company posted $0.37 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts anticipate that Whole Foods Market, Inc. will post $1.33 EPS for the current fiscal year.

Whole Foods Market declared 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 shares. This repurchase authorization allows the company to buy up to 10.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

A number of equities analysts have weighed in on the company. Royal Bank Of Canada upped their price target on Whole Foods Market from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. BMO Capital Markets upgraded Whole Foods Market from an “underperform” rating to a “market perform” rating and increased their target price for the company from $30.00 to $42.00 in a research note on Saturday, June 17th. BidaskClub cut Whole Foods Market from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Telsey Advisory Group increased their target price on Whole Foods Market from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Thursday, May 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $42.00 target price (up from $39.00) on shares of Whole Foods Market in a research note on Friday, June 23rd. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have given a buy rating to the stock. Whole Foods Market presently has an average rating of “Hold” and a consensus price target of $38.06.

In other Whole Foods Market news, insider Angela Lorenzen sold 1,431 shares of Whole Foods Market stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $36.34, for a total value of $52,002.54. Following the completion of the transaction, the insider now owns 1,131 shares in the company, valued at approximately $41,100.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.