Chevy Chase Trust Holdings Inc. reduced its stake in Whole Foods Market Inc. (NASDAQ:WFM) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,130 shares of the company’s stock after selling 8,209 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.08% of Whole Foods Market worth $7,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Seven Bridges Advisors LLC raised its position in Whole Foods Market by 17.7% in the second quarter. Seven Bridges Advisors LLC now owns 3,431 shares of the company’s stock valued at $110,000 after buying an additional 515 shares during the last quarter. M&R Capital Management Inc. acquired a new position in shares of Whole Foods Market during the second quarter valued at $115,000. Global X Management Co. LLC increased its position in shares of Whole Foods Market by 2,392.3% in the second quarter. Global X Management Co. LLC now owns 3,888 shares of the company’s stock valued at $124,000 after buying an additional 3,732 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Whole Foods Market during the second quarter valued at $144,000. Finally, Mizuho Asset Management Co. Ltd. increased its position in shares of Whole Foods Market by 105.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,609 shares of the company’s stock valued at $148,000 after buying an additional 2,361 shares during the period. 83.73% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Whole Foods Market (NASDAQ:WFM)

Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.695% on Tuesday, hitting $30.725. The stock had a trading volume of 2,565,556 shares. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 19.823 and a beta of 0.76. Whole Foods Market Inc. has a one year low of $27.67 and a one year high of $35.58. The company’s 50-day moving average price is $29.45 and its 200 day moving average price is $30.67.

Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Whole Foods Market had a return on equity of 15.65% and a net margin of 3.22%. The firm earned $3.50 billion during the quarter, compared to the consensus estimate of $26.30 million. During the same period in the previous year, the firm posted $0.24 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. Analysts expect that Whole Foods Market Inc. will post $1.45 earnings per share for the current year.

The business also recently disclosed 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 an increase from Whole Foods Market’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Wednesday, January 11th. Whole Foods Market’s payout ratio is currently 34.84%.

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Several research analysts recently weighed in on WFM shares. Zacks Investment Research upgraded Whole Foods Market from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. Vetr upgraded Whole Foods Market from a “hold” rating to a “buy” rating and set a $31.97 target price on the stock in a research note on Monday, August 29th. Credit Suisse Group AG restated an “outperform” rating and set a $40.00 target price on shares of Whole Foods Market in a research note on Thursday, October 27th. Goldman Sachs Group Inc. restated a “sell” rating and set a $28.00 target price (down from $31.00) on shares of Whole Foods Market in a research note on Tuesday, September 13th. Finally, Citigroup Inc. dropped their price target on Whole Foods Market from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 13th. Seven analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. Whole Foods Market has an average rating of “Hold” and an average price target of $30.20.

In other Whole Foods Market news, Director Shahid M. Hassan sold 7,916 shares of the business’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $132,924.00. Following the completion of the transaction, the insider now owns 6,792 shares of the company’s stock, valued at $205,186.32. The disclosure for this sale can be found here. Corporate 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.

5 Day Chart for NASDAQ:WFM

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