IFP Advisors Inc reduced its stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 8.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 16,113 shares of the company’s stock after selling 1,434 shares during the period. IFP Advisors Inc’s holdings in Whole Foods Market were worth $679,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WFM. BlackRock Inc. boosted its stake 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. Parnassus Investments CA boosted its stake 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. Renaissance Technologies LLC boosted its stake in Whole Foods Market by 774.7% in the first quarter. Renaissance Technologies LLC now owns 1,588,848 shares of the company’s stock valued at $47,221,000 after buying an additional 1,407,200 shares in the last quarter. Vanguard Group Inc. boosted its stake 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. Finally, Dimensional Fund Advisors LP boosted its stake in Whole Foods Market by 40.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,050,285 shares of the company’s stock valued at $90,647,000 after buying an additional 874,149 shares in the last quarter. 87.89% of the stock is owned by hedge funds and other institutional investors.

Whole Foods Market, Inc. (NASDAQ:WFM) opened at 41.83 on Friday. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 34.46 and a beta of 0.82. Whole Foods Market, Inc. has a 12-month low of $27.67 and a 12-month high of $43.84. The company has a 50-day moving average price of $41.99 and a 200-day moving average price of $35.24.

Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Whole Foods Market had a net margin of 2.44% and a return on equity of 13.26%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the company earned $0.37 EPS. The firm’s revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that Whole Foods Market, Inc. will post $1.34 earnings per share for the current year.

Whole Foods Market announced that its Board of Directors has authorized a share repurchase program on Wednesday, May 10th that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the company to repurchase up to 10.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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Several equities research analysts recently commented on WFM shares. Vetr raised Whole Foods Market from a “strong sell” rating to a “sell” rating and set a $31.24 price target for the company in a report on Wednesday, June 7th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Whole Foods Market in a report on Sunday, April 23rd. Zacks Investment Research raised Whole Foods Market from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Pivotal Research reaffirmed a “sell” rating and issued a $20.00 price target on shares of Whole Foods Market in a report on Friday, April 14th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $40.00 price target (up previously from $35.00) on shares of Whole Foods Market in a report on Friday, April 14th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $38.06.

In related news, insider Angela Lorenzen sold 1,431 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $36.34, for a total transaction of $52,002.54. Following the completion of the sale, the insider now directly owns 1,131 shares of the company’s stock, valued at approximately $41,100.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Juan Nunez sold 14,502 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $27.52, for a total transaction of $399,095.04. Following the sale, the insider now directly owns 5,746 shares of the company’s stock, valued at $158,129.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,133 shares of company stock valued at $531,354. 1.30% of the stock is owned by corporate insiders.

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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