Nisa Investment Advisors LLC Sells 25 Shares of Whole Foods Market, Inc. (NASDAQ:WFM)
Nisa Investment Advisors LLC decreased its position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,243 shares of the company’s stock after selling 25 shares during the period. Nisa Investment Advisors LLC’s holdings in Whole Foods Market were worth $4,202,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Whole Foods Market during the first quarter worth approximately $105,000. Westside Investment Management Inc. boosted its position in shares of Whole Foods Market by 406.4% in the first quarter. Westside Investment Management Inc. now owns 4,137 shares of the company’s stock worth $125,000 after buying an additional 3,320 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its position in shares of Whole Foods Market by 169.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,428 shares of the company’s stock worth $132,000 after buying an additional 2,154 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Whole Foods Market by 3.4% in the first quarter. Pacer Advisors Inc. now owns 6,212 shares of the company’s stock worth $185,000 after buying an additional 207 shares in the last quarter. Finally, Baldwin Brothers Inc. MA acquired a new position in Whole Foods Market during the second quarter valued at approximately $190,000. Institutional investors own 86.33% of the company’s stock.
Whole Foods Market, Inc. (NASDAQ WFM) remained flat at $41.73 during mid-day trading on Friday. 2,316,383 shares of the company’s stock traded hands. Whole Foods Market, Inc. has a 12-month low of $27.67 and a 12-month high of $43.84. The company has a market capitalization of $13.36 billion, a P/E ratio of 34.37 and a beta of 0.82. The firm has a 50-day moving average of $41.85 and a 200-day moving average of $35.72.
Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm earned $0.37 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Equities research analysts expect that Whole Foods Market, Inc. will post $1.33 earnings per share for the current fiscal year.
Whole Foods Market announced that its board has initiated a share repurchase program on Wednesday, May 10th that authorizes the company to buyback $1.25 billion in shares. This buyback authorization authorizes the company to reacquire up to 10.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
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Several research firms recently commented on WFM. Royal Bank Of Canada boosted their price target on Whole Foods Market from $35.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. BMO Capital Markets upgraded Whole Foods Market from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $30.00 to $42.00 in a research note on Saturday, June 17th. BidaskClub lowered Whole Foods Market from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Telsey Advisory Group boosted their price objective on Whole Foods Market from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Thursday, May 11th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $42.00 price objective (up from $39.00) on shares of Whole Foods Market in a report on Friday, June 23rd. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company. Whole Foods Market currently has a consensus rating of “Hold” and an average target price of $38.06.
In related news, insider Angela Lorenzen sold 1,431 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $36.34, for a total transaction of $52,002.54. Following the transaction, the insider now directly owns 1,131 shares of the company’s stock, valued at $41,100.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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