State Board of Administration of Florida Retirement System raised its stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 505,158 shares of the company’s stock after buying an additional 276 shares during the period. State Board of Administration of Florida Retirement System owned about 0.16% of Whole Foods Market worth $21,272,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in WFM. Advisory Services Network LLC acquired a new position in shares of Whole Foods Market during the first quarter valued at $105,000. AT Bancorp acquired a new position in shares of Whole Foods Market during the second quarter valued at $118,000. Westside Investment Management Inc. raised 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 valued at $125,000 after buying an additional 3,320 shares in the last quarter. Winslow Evans & Crocker Inc. raised 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 valued at $132,000 after buying an additional 2,154 shares in the last quarter. Finally, Pacer Advisors Inc. raised 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 valued at $185,000 after buying an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 86.33% of the company’s stock.

Whole Foods Market, Inc. (WFM) opened at 41.99 on Friday. Whole Foods Market, Inc. has a 12-month low of $27.67 and a 12-month high of $43.84. The firm has a market capitalization of $13.45 billion, a PE ratio of 34.59 and a beta of 0.82. The company has a 50-day moving average price of $41.82 and a 200-day moving average price of $36.15. Whole Foods Market also was the target of some unusual options trading activity on Wednesday. Stock traders purchased 12,084 call options on the company. This represents an increase of approximately 809% compared to the average volume of 1,329 call options.

Whole Foods Market (NASDAQ:WFM) last released 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 previous year, the business earned $0.37 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that Whole Foods Market, Inc. will post $1.33 earnings per share for the current year.

Whole Foods Market announced that its board has initiated a share buyback plan on Wednesday, May 10th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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Several equities analysts recently weighed in on the company. Wells Fargo & Company upgraded Whole Foods Market from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Thursday, May 11th. Zacks Investment Research upgraded Whole Foods Market from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. BidaskClub upgraded Whole Foods Market from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Vetr upgraded Whole Foods Market from a “strong sell” rating to a “hold” rating and set a $42.27 price target for the company in a research note on Monday, June 19th. Finally, Tigress Financial lowered Whole Foods Market from a “buy” rating to a “neutral” rating in a research note on Monday, August 7th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.76.

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.

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

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