Shell Asset Management Co. cut its position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 5.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 19,454 shares of the company’s stock after selling 1,098 shares during the period. Shell Asset Management Co.’s holdings in Whole Foods Market were worth $819,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in shares of Whole Foods Market during the first quarter worth about $105,000. Westside Investment Management Inc. raised its position in shares of Whole Foods Market by 406.4% in the first quarter. Westside Investment Management Inc. now owns 4,137 shares of the company’s stock worth $125,000 after buying an additional 3,320 shares during the period. Winslow Evans & Crocker Inc. raised its position in shares of Whole Foods Market by 169.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,428 shares of the company’s stock worth $132,000 after buying an additional 2,154 shares during the period. Pacer Advisors Inc. raised its position in shares of Whole Foods Market by 3.4% in the first quarter. Pacer Advisors Inc. now owns 6,212 shares of the company’s stock worth $185,000 after buying an additional 207 shares during the period. Finally, Baldwin Brothers Inc. MA bought a new position in shares of Whole Foods Market during the second quarter worth approximately $190,000. 87.89% of the stock is currently owned by institutional investors.

Whole Foods Market, Inc. (NASDAQ:WFM) opened at 41.83 on Friday. The company has a 50-day moving average of $41.99 and a 200 day moving average of $35.24. The company has a market cap of $13.40 billion, a P/E ratio of 34.46 and a beta of 0.82. Whole Foods Market, Inc. has a 52 week low of $27.67 and a 52 week high of $43.84.

Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the company earned $0.37 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities analysts forecast that Whole Foods Market, Inc. will post $1.34 EPS for the current fiscal year.

Whole Foods Market declared that its board has approved a share buyback program on Wednesday, May 10th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the company to buy up to 10.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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WFM has been the topic of a number of research reports. Wolfe Research upgraded shares of Whole Foods Market from an “underperform” rating to a “market perform” rating in a research note on Tuesday, May 2nd. Credit Suisse Group reiterated an “outperform” rating and issued a $40.00 price target on shares of Whole Foods Market in a research note on Sunday, April 23rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $40.00 price target (up previously from $35.00) on shares of Whole Foods Market in a research note on Friday, April 14th. Zacks Investment Research lowered shares of Whole Foods Market from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Finally, Vetr lowered shares of Whole Foods Market from a “hold” rating to a “sell” rating and set a $35.59 price target on the stock. in a research note on Monday, May 8th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company. Whole Foods Market presently has an average 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 business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $36.48, for a total value of $80,256.00. Following the completion of the transaction, the insider now owns 3,418 shares of the company’s stock, valued at approximately $124,688.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Angela Lorenzen sold 1,431 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $36.34, for a total transaction of $52,002.54. Following the completion of the transaction, the insider now directly owns 1,131 shares of the company’s stock, valued at approximately $41,100.54. The disclosure for this sale can be found here. In the last three months, insiders sold 18,133 shares of company stock valued at $531,354. Corporate insiders own 1.30% of the company’s stock.

Whole Foods Market Company Profile

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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