ING Groep NV purchased a new stake in Whole Foods Market, Inc. (NASDAQ:WFM) during the second quarter, Holdings Channel reports. The firm purchased 5,157 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in Whole Foods Market during the second quarter valued at about $301,000. SOL Capital Management CO bought a new stake in Whole Foods Market during the second quarter valued at about $246,000. Longfellow Investment Management Co. LLC bought a new stake in Whole Foods Market during the second quarter valued at about $6,994,000. Quantitative Systematic Strategies LLC bought a new stake in Whole Foods Market during the second quarter valued at about $1,390,000. Finally, Oakbrook Investments LLC bought a new stake in Whole Foods Market during the second quarter valued at about $623,000. Institutional investors own 87.89% of the company’s stock.

Shares of Whole Foods Market, Inc. (NASDAQ WFM) traded down 0.19% during trading on Friday, hitting $41.75. 9,484,487 shares of the company’s stock were exchanged. Whole Foods Market, Inc. has a 1-year low of $27.67 and a 1-year high of $43.84. The stock has a market cap of $13.37 billion, a PE ratio of 34.39 and a beta of 0.82. The stock’s 50-day moving average price is $41.95 and its 200-day moving average price is $35.32.

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

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

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Several research firms have issued reports on WFM. BidaskClub upgraded shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Friday. Tigress Financial lowered shares of Whole Foods Market from a “buy” rating to a “neutral” rating in a research report on Monday, August 7th. Wells Fargo & Company restated a “hold” rating on shares of Whole Foods Market in a research report on Wednesday, July 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $42.00 target price on shares of Whole Foods Market in a research report on Tuesday, July 18th. Finally, Vetr upgraded shares of Whole Foods Market from a “hold” rating to a “buy” rating and set a $46.16 target price on the stock in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $38.06.

In other Whole Foods Market news, insider Juan Nunez sold 14,502 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $27.52, for a total transaction of $399,095.04. Following the completion of the transaction, the insider now owns 5,746 shares in the company, valued at approximately $158,129.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela Lorenzen sold 1,431 shares of the firm’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 transaction, the insider now 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 quarter, insiders sold 18,133 shares of company stock valued at $531,354. 1.30% of the stock is owned by company 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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