State Treasurer State of Michigan lowered its stake in shares of Whole Foods Market Inc. (NASDAQ:WFM) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,214 shares of the company’s stock after selling 10,300 shares during the period. State Treasurer State of Michigan’s holdings in Whole Foods Market were worth $3,153,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Seven Bridges Advisors LLC raised 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 last quarter. M&R Capital Management Inc. acquired a new position in Whole Foods Market during the second quarter valued at $115,000. Global X Management Co. LLC raised its position in Whole Foods Market by 2,392.3% in the second quarter. Global X Management Co. LLC now owns 3,888 shares of the company’s stock valued at $124,000 after buying an additional 3,732 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in Whole Foods Market during the second quarter valued at $144,000. Finally, Mizuho Asset Management Co. Ltd. raised its position in Whole Foods Market by 105.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,609 shares of the company’s stock valued at $148,000 after buying an additional 2,361 shares during the last quarter. Institutional investors and hedge funds own 83.73% of the company’s stock.

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

Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.72% on Wednesday, reaching $30.39. 4,882,771 shares of the company’s stock traded hands. Whole Foods Market Inc. has a 52-week low of $27.67 and a 52-week high of $35.58. The stock’s 50 day moving average is $29.45 and its 200 day moving average is $30.67. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of 19.61 and a beta of 0.76.

Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $26.30 million. Whole Foods Market had a return on equity of 15.65% and a net margin of 3.22%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. On average, equities research analysts predict that Whole Foods Market Inc. will post $1.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 24th. Stockholders of record on Friday, January 13th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, January 11th. This is a boost from Whole Foods Market’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 1.84%. Whole Foods Market’s payout ratio is 34.84%.

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Several research firms recently issued reports on WFM. Vetr downgraded shares of Whole Foods Market from a “hold” rating to a “sell” rating and set a $29.97 price target on the stock. in a research note on Tuesday, November 15th. Zacks Investment Research raised shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research note on Thursday, August 25th. Barclays PLC set a $30.00 price target on shares of Whole Foods Market and gave the stock a “hold” rating in a research note on Saturday, November 19th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $38.00 price target on shares of Whole Foods Market in a research note on Tuesday, August 16th. Finally, Credit Suisse Group AG dropped their price target on shares of Whole Foods Market from $40.00 to $28.07 and set a “focus list” rating on the stock in a research note on Thursday, August 4th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.20.

In other news, insider Jeff Turnas sold 4,400 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $30.21, for a total transaction of $132,924.00. Following the transaction, the insider now directly owns 6,792 shares of the company’s stock, valued at $205,186.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shahid M. Hassan sold 7,916 shares of the business’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 disclosure for this sale can be found here. 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.

5 Day Chart for NASDAQ:WFM

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