Envestnet Asset Management Inc. boosted its position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 12.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,541 shares of the company’s stock after buying an additional 9,111 shares during the period. Envestnet Asset Management Inc.’s holdings in Whole Foods Market were worth $2,511,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in shares of Whole Foods Market during the first quarter worth approximately $105,000. SRB Corp boosted its position 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 last quarter. Pacad Investment Ltd. purchased a new position in shares of Whole Foods Market during the fourth quarter worth approximately $163,000. Cadence Capital Management LLC purchased a new position in shares of Whole Foods Market during the fourth quarter worth approximately $203,000. Finally, Blenheim Capital Management BV purchased a new position in shares of Whole Foods Market during the fourth quarter worth approximately $219,000. 91.41% of the stock is owned by institutional investors and hedge funds.
Shares of Whole Foods Market, Inc. (WFM) traded up 29.10% during mid-day trading on Friday, hitting $42.68. The stock had a trading volume of 128,832,883 shares. The company’s 50 day moving average price is $35.95 and its 200 day moving average price is $32.29. The stock has a market cap of $13.64 billion, a P/E ratio of 33.98 and a beta of 0.88. Whole Foods Market, Inc. has a 12-month low of $27.67 and a 12-month high of $43.45.
Whole Foods Market (NASDAQ:WFM) last posted its quarterly earnings data on Wednesday, May 10th. The company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $3.74 million during the quarter, compared to analysts’ expectations of $3.73 billion. Whole Foods Market had a net margin of 2.54% and a return on equity of 13.72%. The firm’s revenue for the quarter was down 99.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 EPS. Equities research analysts predict that Whole Foods Market, Inc. will post $1.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be given a $0.18 dividend. This is a boost from Whole Foods Market’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Wednesday, June 28th. Whole Foods Market’s dividend payout ratio is presently 44.44%.
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Several research firms recently commented on WFM. BidaskClub raised Whole Foods Market from a “hold” rating to a “buy” rating in a report on Tuesday. Citigroup Inc. increased their price target on Whole Foods Market from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, May 31st. Wells Fargo & Company raised Whole Foods Market from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Thursday, May 11th. Telsey Advisory Group increased their price target on Whole Foods Market from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Thursday, May 11th. Finally, Vetr cut Whole Foods Market from a “sell” rating to a “strong sell” rating and set a $31.24 price target for the company. in a report on Thursday, June 1st. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.30.
In other news, insider Angela Lorenzen sold 1,431 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $41,100.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Juan Nunez sold 14,502 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $27.52, for a total transaction of $399,095.04. Following the completion of the sale, the insider now owns 5,746 shares in the company, valued at approximately $158,129.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,466 shares of company stock valued at $543,688. 1.30% of the stock is currently owned by corporate insiders.
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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