Grimes & Company Inc. raised its position in shares of Whole Foods Market Inc. (NASDAQ:WFM) by 5.8% during the second quarter, Holdings Channel reports. The firm owned 146,763 shares of the company’s stock after buying an additional 8,030 shares during the period. Grimes & Company Inc.’s holdings in Whole Foods Market were worth $4,699,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Pioneer Investment Management Inc. raised its position in Whole Foods Market by 250.7% in the fourth quarter. Pioneer Investment Management Inc. now owns 403,026 shares of the company’s stock valued at $13,501,000 after buying an additional 288,102 shares in the last quarter. Norges Bank bought a new position in Whole Foods Market during the fourth quarter valued at about $165,182,000. DnB Asset Management AS raised its position in Whole Foods Market by 97.9% in the first quarter. DnB Asset Management AS now owns 47,500 shares of the company’s stock valued at $1,478,000 after buying an additional 23,500 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Whole Foods Market by 11.1% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 79,268 shares of the company’s stock valued at $2,466,000 after buying an additional 7,933 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its position in Whole Foods Market by 3.3% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 79,036 shares of the company’s stock valued at $2,459,000 after buying an additional 2,544 shares in the last quarter. Hedge funds and other institutional investors own 86.52% of the company’s stock.

Whole Foods Market Inc. (NASDAQ:WFM) traded down 1.26% during mid-day trading on Tuesday, reaching $28.22. The company had a trading volume of 3,883,763 shares. Whole Foods Market Inc. has a 52 week low of $27.67 and a 52 week high of $35.58. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of 20.01 and a beta of 0.74. The stock has a 50 day moving average of $30.00 and a 200 day moving average of $31.33.

Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The company earned $3.70 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. Whole Foods Market’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. Analysts anticipate that Whole Foods Market Inc. will post $1.51 earnings per share for the current year.

Several research firms have recently issued reports on WFM. Credit Suisse Group AG set a $40.00 price target on Whole Foods Market and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Wells Fargo & Co. reissued a “market perform” rating on shares of Whole Foods Market in a research report on Thursday, August 4th. Vetr raised Whole Foods Market from a “hold” rating to a “buy” rating and set a $33.58 target price for the company in a research report on Thursday, July 28th. RBC Capital Markets set a $37.00 target price on Whole Foods Market and gave the stock a “buy” rating in a research report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $38.00 target price on shares of Whole Foods Market in a research report on Wednesday, July 20th. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Whole Foods Market currently has an average rating of “Hold” and a consensus target price of $30.29.

In related news, Director Shahid M. Hassan sold 7,916 shares of Whole Foods Market stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $28.41, for a total transaction of $224,893.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.09% of the company’s stock.

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.

5 Day Chart for NASDAQ:WFM

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