Chevy Chase Trust Holdings Inc. cut its stake in shares of Whole Foods Market Inc. (NASDAQ:WFM) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,130 shares of the company’s stock after selling 8,209 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Whole Foods Market were worth $7,573,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WFM. BlackRock Fund Advisors boosted its position in Whole Foods Market by 6.2% in the second quarter. BlackRock Fund Advisors now owns 5,345,333 shares of the company’s stock valued at $171,158,000 after buying an additional 314,346 shares during the period. Sustainable Growth Advisers LP boosted its stake in shares of Whole Foods Market by 22.0% in the second quarter. Sustainable Growth Advisers LP now owns 4,595,810 shares of the company’s stock worth $147,158,000 after buying an additional 828,443 shares during the last quarter. Waddell & Reed Financial Inc. boosted its stake in shares of Whole Foods Market by 14.9% in the second quarter. Waddell & Reed Financial Inc. now owns 3,586,937 shares of the company’s stock worth $114,854,000 after buying an additional 466,437 shares during the last quarter. Parnassus Investments CA boosted its stake in shares of Whole Foods Market by 1.5% in the second quarter. Parnassus Investments CA now owns 3,300,000 shares of the company’s stock worth $105,666,000 after buying an additional 50,000 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Whole Foods Market by 0.7% in the second quarter. BlackRock Group LTD now owns 3,000,400 shares of the company’s stock worth $96,073,000 after buying an additional 20,749 shares during the last quarter. Institutional investors own 83.73% of the company’s stock.

Institutional Ownership by Quarter for Whole Foods Market (NASDAQ:WFM)

Shares of Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.695% during trading on Tuesday, reaching $30.725. 2,565,556 shares of the company traded hands. The stock has a market capitalization of $9.78 billion, a PE ratio of 19.823 and a beta of 0.76. Whole Foods Market Inc. has a 12 month low of $27.67 and a 12 month high of $35.58. The company has a 50-day moving average of $29.45 and a 200-day moving average of $30.67.

Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $26.30 million. Whole Foods Market had a net margin of 3.22% and a return on equity of 15.65%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. Analysts forecast that Whole Foods Market Inc. will post $1.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 24th. Stockholders of record on Friday, January 13th will be given a $0.14 dividend. The ex-dividend date is Wednesday, January 11th. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 1.81%. Whole Foods Market’s dividend payout ratio is presently 34.84%.

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A number of brokerages recently weighed in on WFM. Credit Suisse Group AG set a $40.00 target price on shares of Whole Foods Market and gave the stock a “buy” rating in a report on Sunday, November 6th. Barclays PLC set a $30.00 target price on shares of Whole Foods Market and gave the stock a “hold” rating in a report on Saturday, November 19th. Vetr cut shares of Whole Foods Market from a “buy” rating to a “hold” rating and set a $31.17 target price for the company. in a report on Monday, August 8th. Zacks Investment Research raised shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Finally, Argus reaffirmed a “hold” rating on shares of Whole Foods Market in a research note on Friday, August 5th. Seven analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.20.

In related news, insider Jeff Turnas sold 4,400 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $30.21, for a total value of $132,924.00. Following the transaction, the insider now directly owns 6,792 shares in the company, valued at $205,186.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Shahid M. Hassan sold 7,916 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $28.41, for a total transaction of $224,893.56. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by insiders.

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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