Whole Foods Market Inc. (WFM) Insider Sells $132,924.00 in Stock
Whole Foods Market Inc. (NASDAQ:WFM) insider Jeff Turnas sold 4,400 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $30.21, for a total transaction of $132,924.00. Following the completion of the transaction, the insider now directly owns 6,792 shares of the company’s stock, valued at approximately $205,186.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Whole Foods Market Inc. (NASDAQ:WFM) opened at 31.06 on Thursday. Whole Foods Market Inc. has a 12 month low of $27.67 and a 12 month high of $35.58. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 20.04 and a beta of 0.76. The firm’s 50 day moving average is $28.85 and its 200-day moving average is $30.59.
Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Whole Foods Market had a net margin of 3.22% and a return on equity of 15.65%. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $26.30 million. During the same period last year, the firm earned $0.24 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts forecast that Whole Foods Market Inc. will post $1.45 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 24th. Investors of record on Friday, January 13th will be given a dividend of $0.14 per share. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, January 11th. Whole Foods Market’s dividend payout ratio (DPR) is presently 34.84%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WFM. Cullinan Associates Inc. raised its position 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. First Republic Investment Management Inc. raised its position in Whole Foods Market by 84.9% in the first quarter. First Republic Investment Management Inc. now owns 93,850 shares of the company’s stock worth $2,920,000 after buying an additional 43,095 shares during the last quarter. Robecosam AG raised its position in Whole Foods Market by 23.6% in the first quarter. Robecosam AG now owns 106,204 shares of the company’s stock worth $3,385,000 after buying an additional 20,301 shares during the last quarter. Avalon Advisors LLC purchased a new position in Whole Foods Market during the first quarter worth $762,000. Finally, Quantum Capital Management raised its position in Whole Foods Market by 8.8% in the first quarter. Quantum Capital Management now owns 10,730 shares of the company’s stock worth $334,000 after buying an additional 867 shares during the last quarter. 89.20% of the stock is currently owned by institutional investors.
Several equities analysts have recently issued reports on WFM shares. Zacks Investment Research raised shares of Whole Foods Market from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Vetr raised shares of Whole Foods Market from a “hold” rating to a “buy” rating and set a $31.97 price target for the company in a report on Monday, August 29th. Credit Suisse Group AG reissued an “outperform” rating and issued a $40.00 price target on shares of Whole Foods Market in a report on Thursday, October 27th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $28.00 price objective (down from $31.00) on shares of Whole Foods Market in a research report on Tuesday, September 13th. Finally, Citigroup Inc. cut their price objective on shares of Whole Foods Market from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 13th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $30.20.
Whole Foods Market Company Profile
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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