Whole Foods Market, Inc. (WFM) Shares Sold by Physicians Financial Services Inc.
Physicians Financial Services Inc. cut its stake in Whole Foods Market, Inc. (NASDAQ:WFM) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,934 shares of the company’s stock after selling 178 shares during the period. Physicians Financial Services Inc.’s holdings in Whole Foods Market were worth $713,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of WFM. Quadrature Capital Ltd bought a new stake in shares of Whole Foods Market during the fourth quarter valued at approximately $289,000. Teachers Advisors LLC raised its stake in shares of Whole Foods Market by 21.8% in the fourth quarter. Teachers Advisors LLC now owns 598,599 shares of the company’s stock valued at $18,413,000 after buying an additional 106,959 shares during the period. Kentucky Retirement Systems bought a new stake in shares of Whole Foods Market during the fourth quarter valued at approximately $711,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Whole Foods Market during the fourth quarter valued at approximately $317,000. Finally, Macquarie Group Ltd. raised its stake in shares of Whole Foods Market by 17.1% in the fourth quarter. Macquarie Group Ltd. now owns 37,000 shares of the company’s stock valued at $1,138,000 after buying an additional 5,400 shares during the period. Institutional investors and hedge funds own 87.89% of the company’s stock.
Shares of Whole Foods Market, Inc. (NASDAQ WFM) opened at 41.81 on Monday. Whole Foods Market, Inc. has a 52-week low of $27.67 and a 52-week high of $43.84. The firm has a 50-day moving average of $41.52 and a 200-day moving average of $34.78. The company has a market cap of $13.38 billion, a P/E ratio of 34.44 and a beta of 0.82.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the business posted $0.37 EPS. Whole Foods Market’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts forecast that Whole Foods Market, Inc. will post $1.34 earnings per share for the current year.
Whole Foods Market announced that its Board of Directors has initiated a share buyback program on Wednesday, May 10th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 10.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 30th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.72%. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.14. Whole Foods Market’s dividend payout ratio is presently 59.02%.
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WFM has been the subject of several research analyst reports. Wells Fargo & Company restated a “hold” rating on shares of Whole Foods Market in a report on Monday, April 10th. Vetr downgraded shares of Whole Foods Market from a “strong-buy” rating to a “buy” rating and set a $38.12 target price for the company. in a research note on Monday, April 10th. Credit Suisse Group reaffirmed a “buy” rating and set a $40.00 target price (up previously from $36.00) on shares of Whole Foods Market in a research note on Tuesday, April 11th. Standpoint Research initiated coverage on shares of Whole Foods Market in a research note on Tuesday, April 11th. They set a “sell” rating and a $28.00 target price for the company. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Whole Foods Market in a research note on Tuesday, April 11th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $38.06.
In other news, insider Laura A. Derba sold 2,200 shares of the stock in a transaction 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 sale, the insider now owns 3,418 shares in the company, valued at $124,688.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Juan Nunez sold 14,502 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $27.52, for a total transaction of $399,095.04. Following the completion of the sale, the insider now owns 5,746 shares in the company, valued at approximately $158,129.92. The disclosure for this sale can be found here. Insiders sold 18,466 shares of company stock worth $543,688 in the last quarter. Company 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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