Cypress Capital Management LLC WY Acquires Shares of 8,375 Whole Foods Market Inc. (WFM)
Cypress Capital Management LLC WY purchased a new position in Whole Foods Market Inc. (NASDAQ:WFM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,375 shares of the company’s stock, valued at approximately $268,000.
A number of other large investors have also recently made changes to their positions in the company. PGGM Investments bought a new stake in Whole Foods Market during the second quarter valued at approximately $31,783,000. UBS Asset Management Americas Inc. boosted its stake 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 valued at $45,428,000 after buying an additional 468,218 shares in the last quarter. Boston Advisors LLC boosted its stake in Whole Foods Market by 978.3% in the second quarter. Boston Advisors LLC now owns 409,588 shares of the company’s stock valued at $13,115,000 after buying an additional 371,605 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Whole Foods Market during the first quarter valued at approximately $10,722,000. Finally, Reinhart Partners Inc. boosted its stake in Whole Foods Market by 42.7% in the second quarter. Reinhart Partners Inc. now owns 800,986 shares of the company’s stock valued at $25,648,000 after buying an additional 239,694 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.
Whole Foods Market Inc. (NASDAQ:WFM) traded down 1.43% during trading on Monday, hitting $28.31. 3,633,975 shares of the stock traded hands. The stock has a 50 day moving average price of $28.89 and a 200-day moving average price of $30.75. 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 cap of $9.03 billion, a P/E ratio of 20.08 and a beta of 0.82.
Whole Foods Market (NASDAQ:WFM) last announced 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 analyst estimates of $3.73 billion. Whole Foods Market had a net margin of 3.03% and a return on equity of 15.55%. Whole Foods Market’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. On average, analysts anticipate that Whole Foods Market Inc. will post $1.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Monday, October 3rd were given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Thursday, September 29th. Whole Foods Market’s payout ratio is currently 37.76%.
A number of research analysts recently issued reports on the stock. Credit Suisse Group AG reissued a “buy” rating and set a $40.00 price target on shares of Whole Foods Market in a research report on Tuesday, June 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $37.00 price target on shares of Whole Foods Market in a research report on Wednesday, June 22nd. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Whole Foods Market in a research report on Wednesday, June 22nd. Vetr cut shares of Whole Foods Market from a “strong-buy” rating to a “buy” rating and set a $35.90 price target for the company. in a research report on Monday, July 4th. Finally, Jefferies Group reissued a “hold” rating and set a $31.00 price target on shares of Whole Foods Market in a research report on Monday, July 25th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. Whole Foods Market presently has an average rating of “Hold” and an average target price of $30.28.
In other Whole Foods Market news, 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 transaction of $224,893.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.09% of the stock is currently owned by corporate insiders.
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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