Whole Foods Market Inc. (WFM) Director Sells $224,893.56 in Stock
Whole Foods Market Inc. (NASDAQ:WFM) Director Shahid M. Hassan sold 7,916 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $28.41, for a total value of $224,893.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Whole Foods Market Inc. (NASDAQ:WFM) opened at 28.67 on Friday. The firm has a market capitalization of $9.14 billion, a P/E ratio of 20.33 and a beta of 0.74. The stock’s 50 day moving average price is $29.91 and its 200 day moving average price is $31.29. Whole Foods Market Inc. has a 52 week low of $27.67 and a 52 week high of $35.58.
Whole Foods Market (NASDAQ:WFM) last issued its earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The company earned $3.70 billion during the quarter, compared to analyst estimates of $3.73 billion. Whole Foods Market had a net margin of 3.03% and a return on equity of 15.55%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. On average, analysts predict that Whole Foods Market Inc. will post $1.51 EPS for the current fiscal year.
The firm also recently disclosed a dividend, which will be paid on Friday, October 14th. Investors of record on Monday, October 3rd will be paid a $0.135 dividend. The ex-dividend date is Thursday, September 29th. Whole Foods Market’s payout ratio is presently 37.76%.
A number of brokerages recently commented on WFM. Credit Suisse Group AG set a $40.00 price objective on Whole Foods Market and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Wells Fargo & Co. restated a “market perform” rating on shares of Whole Foods Market in a research report on Thursday, August 4th. Vetr upgraded Whole Foods Market from a “hold” rating to a “buy” rating and set a $33.58 target price on the stock in a research report on Thursday, July 28th. RBC Capital Markets set a $37.00 target price on Whole Foods Market and gave the company a “buy” rating in a research report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of Whole Foods Market in a research note on Wednesday, July 20th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $30.29.
Several large investors have recently added to or reduced their stakes in WFM. Pioneer Investment Management Inc. raised its stake 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 during the last quarter. Norges Bank purchased a new position in Whole Foods Market during the fourth quarter worth $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 worth $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 worth $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 worth $2,459,000 after buying an additional 2,544 shares in the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.
About Whole Foods Market
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.
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