ING Groep NV Acquires Shares of 12,496 Whole Foods Market Inc. (WFM)
ING Groep NV purchased a new position in Whole Foods Market Inc. (NASDAQ:WFM) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 12,496 shares of the company’s stock, valued at approximately $400,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Seven Bridges Advisors LLC increased its position in Whole Foods Market by 17.7% in the second quarter. Seven Bridges Advisors LLC now owns 3,431 shares of the company’s stock valued at $110,000 after buying an additional 515 shares during the period. Raymond James Trust N.A. bought a new position in Whole Foods Market during the second quarter valued at $204,000. Fox Run Management L.L.C. bought a new position in Whole Foods Market during the second quarter valued at $234,000. Douglass Winthrop Advisors LLC bought a new position in Whole Foods Market during the second quarter valued at $250,000. Finally, Diversified Trust Co increased its position in Whole Foods Market by 13.7% in the second quarter. Diversified Trust Co now owns 8,325 shares of the company’s stock valued at $267,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 86.38% of the company’s stock.
Shares of Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.73% during midday trading on Tuesday, reaching $28.56. The company’s stock had a trading volume of 4,082,125 shares. The company has a 50 day moving average of $29.21 and a 200-day moving average of $30.86. 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 $9.11 billion, a price-to-earnings ratio of 20.26 and a beta of 0.82.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.37 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. Whole Foods Market had a net margin of 3.03% and a return on equity of 15.55%. The company earned $3.70 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the company posted $0.43 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts predict that Whole Foods Market Inc. will post $1.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.135 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.54 annualized dividend and a dividend yield of 1.89%. Whole Foods Market’s dividend payout ratio (DPR) is currently 37.76%.
Several brokerages have recently commented on WFM. Zacks Investment Research upgraded Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd. Barclays PLC began coverage on Whole Foods Market in a report on Thursday, September 22nd. They issued an “equal weight” rating and a $30.00 target price on the stock. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $28.00 target price (down from $31.00) on shares of Whole Foods Market in a report on Tuesday, September 13th. Citigroup Inc. reduced their target price on Whole Foods Market from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, September 13th. Finally, Vetr raised Whole Foods Market from a “buy” rating to a “strong-buy” rating and set a $32.70 target price on the stock in a report on Wednesday, September 7th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company’s stock. Whole Foods Market presently has an average rating of “Hold” and an average target price of $30.28.
In other news, Director Shahid M. Hassan sold 7,916 shares of Whole Foods Market stock in a transaction on Friday, September 16th. The shares were sold at an average price of $28.41, for a total transaction of $224,893.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.09% of the company’s stock.
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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