Whole Foods Market Inc. (WFM) Shares Sold by Kornitzer Capital Management Inc. KS
Kornitzer Capital Management Inc. KS lowered its position in shares of Whole Foods Market Inc. (NASDAQ:WFM) by 38.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 337,906 shares of the company’s stock after selling 211,905 shares during the period. Kornitzer Capital Management Inc. KS owned 0.11% of Whole Foods Market worth $10,820,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Pitcairn Co. increased its stake in Whole Foods Market by 0.4% in the second quarter. Pitcairn Co. now owns 15,469 shares of the company’s stock worth $496,000 after buying an additional 63 shares during the last quarter. First Manhattan Co. increased its stake in Whole Foods Market by 1.0% in the second quarter. First Manhattan Co. now owns 10,103 shares of the company’s stock worth $323,000 after buying an additional 103 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Whole Foods Market by 0.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,878 shares of the company’s stock worth $828,000 after buying an additional 127 shares during the last quarter. 1st Global Advisors Inc. increased its stake in Whole Foods Market by 2.0% in the second quarter. 1st Global Advisors Inc. now owns 13,210 shares of the company’s stock worth $423,000 after buying an additional 258 shares during the last quarter. Finally, Cullinan Associates Inc. increased its stake in Whole Foods Market by 1.3% in the first quarter. Cullinan Associates Inc. now owns 23,400 shares of the company’s stock worth $728,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.
Whole Foods Market Inc. (NASDAQ:WFM) traded up 0.24% during trading on Friday, reaching $28.72. The company’s stock had a trading volume of 4,812,271 shares. The stock has a 50-day moving average of $28.95 and a 200 day moving average of $30.79. Whole Foods Market Inc. has a one year low of $27.67 and a one year high of $35.58. The firm has a market capitalization of $9.16 billion, a P/E ratio of 20.37 and a beta of 0.82.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.37 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.37. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. The company earned $3.70 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Whole Foods Market Inc. will post $1.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Monday, October 3rd were given a dividend of $0.135 per share. The ex-dividend date was Thursday, September 29th. This represents a $0.54 dividend on an annualized basis and a yield of 1.88%. Whole Foods Market’s dividend payout ratio is currently 37.76%.
Several analysts have weighed in on WFM shares. Zacks Investment Research upgraded Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Vetr upgraded Whole Foods Market from a “hold” rating to a “buy” rating and set a $31.97 price objective for the company in a research report on Monday, August 29th. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a $28.00 price objective (down previously from $31.00) on shares of Whole Foods Market in a research report on Tuesday, September 13th. Citigroup Inc. lowered their price objective on Whole Foods Market from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, September 13th. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of Whole Foods Market in a research report on Wednesday, July 6th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.28.
In other news, Director Shahid M. Hassan sold 7,916 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $28.41, for a total value of $224,893.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.
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