Kornitzer Capital Management Inc. KS decreased its stake in Whole Foods Market, Inc. (NASDAQ:WFM) by 42.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 122,875 shares of the company’s stock after selling 91,965 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Whole Foods Market were worth $5,174,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Whole Foods Market by 3.6% in the first quarter. Vanguard Group Inc. now owns 30,861,862 shares of the company’s stock valued at $917,214,000 after buying an additional 1,081,667 shares in the last quarter. BlackRock Inc. boosted its position in Whole Foods Market by 3,657.4% in the first quarter. BlackRock Inc. now owns 26,099,592 shares of the company’s stock valued at $775,680,000 after buying an additional 25,404,982 shares in the last quarter. State Street Corp boosted its position in Whole Foods Market by 5.0% in the first quarter. State Street Corp now owns 14,541,942 shares of the company’s stock valued at $432,186,000 after buying an additional 689,865 shares in the last quarter. Parnassus Investments CA boosted its position in Whole Foods Market by 29.2% in the first quarter. Parnassus Investments CA now owns 7,825,000 shares of the company’s stock valued at $232,559,000 after buying an additional 1,770,000 shares in the last quarter. Finally, Sustainable Growth Advisers LP boosted its position in Whole Foods Market by 12.5% in the first quarter. Sustainable Growth Advisers LP now owns 6,483,692 shares of the company’s stock valued at $192,695,000 after buying an additional 720,923 shares in the last quarter. Institutional investors own 88.23% of the company’s stock.

Whole Foods Market, Inc. (NASDAQ WFM) opened at 41.81 on Friday. Whole Foods Market, Inc. has a 1-year low of $27.67 and a 1-year high of $43.84. The firm has a 50-day moving average price of $41.52 and a 200 day moving average price of $34.78. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 34.44 and a beta of 0.82.

Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Whole Foods Market had a return on equity of 13.26% and a net margin of 2.44%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the company posted $0.37 EPS. The business’s revenue was up .6% on a year-over-year basis. Equities analysts predict that Whole Foods Market, Inc. will post $1.34 earnings per share for the current year.

Whole Foods Market announced that its board has approved a share repurchase plan on Wednesday, May 10th that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Wednesday, June 28th. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.14. Whole Foods Market’s payout ratio is 59.02%.

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Several equities analysts recently issued reports on the company. Wells Fargo & Co upgraded Whole Foods Market from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Thursday, May 11th. Zacks Investment Research upgraded Whole Foods Market from a “sell” rating to a “hold” rating in a report on Friday, May 12th. BidaskClub upgraded Whole Foods Market from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Vetr upgraded Whole Foods Market from a “strong sell” rating to a “hold” rating and set a $42.27 price target on the stock in a report on Monday, June 19th. Finally, Wolfe Research upgraded Whole Foods Market from an “underperform” rating to a “market perform” rating in a report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the stock. Whole Foods Market currently has a consensus rating of “Hold” and a consensus price target of $38.06.

In other Whole Foods Market news, insider Laura A. Derba sold 2,200 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $36.48, for a total value of $80,256.00. Following the sale, the insider now owns 3,418 shares in the company, valued at approximately $124,688.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Angela Lorenzen sold 1,431 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $36.34, for a total value of $52,002.54. Following the completion of the sale, the insider now owns 1,131 shares in the company, valued at approximately $41,100.54. The disclosure for this sale can be found here. Insiders sold a total of 18,466 shares of company stock worth $543,688 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

About Whole Foods Market

Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.

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

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