Charter Trust Co. lowered its stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 14.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,276 shares of the company’s stock after selling 1,065 shares during the period. Charter Trust Co.’s holdings in Whole Foods Market were worth $264,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in WFM. Cleararc Capital Inc. increased 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 valued at $232,000 after buying an additional 35 shares during the period. CAPROCK Group Inc. increased 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 valued at $247,000 after buying an additional 136 shares during the period. Sheets Smith Wealth Management increased its position in Whole Foods Market by 2.3% in the first quarter. Sheets Smith Wealth Management now owns 7,578 shares of the company’s stock valued at $225,000 after buying an additional 172 shares during the period. Advantus Capital Management Inc increased its position in shares of Whole Foods Market by 0.6% in the first quarter. Advantus Capital Management Inc now owns 31,917 shares of the company’s stock valued at $949,000 after buying an additional 196 shares during the period. Finally, Addison Capital Co increased its position in shares of Whole Foods Market by 0.4% in the first quarter. Addison Capital Co now owns 57,072 shares of the company’s stock valued at $1,696,000 after buying an additional 200 shares during the period. 91.25% of the stock is owned by institutional investors and hedge funds.
Whole Foods Market, Inc. (NASDAQ WFM) opened at 41.94 on Wednesday. Whole Foods Market, Inc. has a 52 week low of $27.67 and a 52 week high of $43.84. The stock has a 50 day moving average price of $37.57 and a 200 day moving average price of $33.06. The stock has a market cap of $13.40 billion, a PE ratio of 33.39 and a beta of 0.82.
Whole Foods Market (NASDAQ:WFM) last posted its earnings results on Wednesday, May 10th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. Whole Foods Market had a return on equity of 13.72% and a net margin of 2.54%. The business had revenue of $3.74 million during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The company’s revenue for the quarter was down 99.9% compared to the same quarter last year. On average, equities analysts predict that Whole Foods Market, Inc. will post $1.30 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 30th were paid a $0.18 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.72%. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.14. Whole Foods Market’s dividend payout ratio (DPR) is 57.14%.
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Several brokerages recently weighed in on WFM. UBS AG upgraded shares of Whole Foods Market from a “sell” rating to a “neutral” rating and set a $42.00 price target on the stock in a report on Monday. BidaskClub upgraded shares of Whole Foods Market from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. SunTrust Banks, Inc. downgraded shares of Whole Foods Market from a “buy” rating to a “hold” rating and increased their price target for the stock from $40.00 to $42.00 in a report on Tuesday, June 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $42.00 price target (up previously from $39.00) on shares of Whole Foods Market in a report on Friday, June 23rd. Finally, Wells Fargo & Company downgraded shares of Whole Foods Market from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $45.00 to $42.00 in a report on Tuesday. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and four have given a buy rating to the company. Whole Foods Market has a consensus rating of “Hold” and a consensus price target of $37.24.
In other news, insider Angela Lorenzen sold 1,431 shares of the stock in a transaction dated 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 sale, the insider now owns 1,131 shares in the company, valued at $41,100.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Laura A. Derba sold 2,200 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $36.48, for a total value of $80,256.00. Following the completion of the sale, the insider now owns 3,418 shares of the company’s stock, valued at approximately $124,688.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,466 shares of company stock valued at $543,688. Insiders own 1.30% of the company’s stock.
About Whole Foods Market
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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