Whittier Trust Co. of Nevada Inc. Sells 116 Shares of Whole Foods Market Inc. (WFM)
Whittier Trust Co. of Nevada Inc. reduced its stake in shares of Whole Foods Market Inc. (NASDAQ:WFM) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 7,720 shares of the company’s stock after selling 116 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Whole Foods Market were worth $247,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its position in Whole Foods Market by 0.7% in the first quarter. Geode Capital Management LLC now owns 2,877,225 shares of the company’s stock worth $89,343,000 after buying an additional 20,955 shares during the last quarter. Legal & General Group Plc increased its position in Whole Foods Market by 3.5% in the first quarter. Legal & General Group Plc now owns 1,476,761 shares of the company’s stock worth $45,944,000 after buying an additional 49,725 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Whole Foods Market by 47.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,460,199 shares of the company’s stock worth $45,428,000 after buying an additional 468,218 shares during the last quarter. Strs Ohio increased its position in Whole Foods Market by 22.4% in the second quarter. Strs Ohio now owns 1,114,342 shares of the company’s stock worth $35,681,000 after buying an additional 203,727 shares during the last quarter. Finally, PGGM Investments purchased a new position in Whole Foods Market during the second quarter worth about $31,783,000. 86.38% of the stock is currently owned by institutional investors.
Shares of Whole Foods Market Inc. (NASDAQ:WFM) traded down 1.46% during trading on Tuesday, reaching $28.35. The company had a trading volume of 2,802,207 shares. The firm has a market capitalization of $9.04 billion, a P/E ratio of 20.11 and a beta of 0.82. Whole Foods Market Inc. has a 12 month low of $27.67 and a 12 month high of $35.58. The firm’s 50 day moving average price is $29.21 and its 200 day moving average price is $30.86.
Whole Foods Market (NASDAQ:WFM) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.37 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The firm earned $3.70 billion during the quarter, compared to the consensus estimate of $3.73 billion. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. Equities analysts predict that Whole Foods Market Inc. will post $1.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, September 29th. Whole Foods Market’s dividend payout ratio is presently 37.76%.
A number of 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 price target on the stock in a research report on Thursday, July 28th. RBC Capital Markets set a $37.00 price target on Whole Foods Market and gave the stock a “buy” rating in a research report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $38.00 price objective on shares of Whole Foods Market in a research note on Wednesday, July 20th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.28.
In other Whole Foods Market news, Director Shahid M. Hassan sold 7,916 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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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