Blackhill Capital Inc. Grows Holdings in Williams-Sonoma, Inc. (WSM)
Blackhill Capital Inc. raised its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 0.3% during the 4th quarter, HoldingsChannel reports. The fund owned 4,061,332 shares of the specialty retailer’s stock after purchasing an additional 13,431 shares during the period. Williams-Sonoma accounts for approximately 37.9% of Blackhill Capital Inc.’s portfolio, making the stock its biggest holding. Blackhill Capital Inc.’s holdings in Williams-Sonoma were worth $209,971,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Ffcm LLC purchased a new position in Williams-Sonoma during the 3rd quarter valued at about $125,000. Private Trust Co. NA purchased a new position in Williams-Sonoma during the 4th quarter valued at about $203,000. Koch Industries Inc. purchased a new position in Williams-Sonoma during the 2nd quarter valued at about $207,000. High Falls Advisors Inc grew its stake in Williams-Sonoma by 7.7% during the 2nd quarter. High Falls Advisors Inc now owns 4,343 shares of the specialty retailer’s stock valued at $211,000 after acquiring an additional 312 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Williams-Sonoma by 49.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,340 shares of the specialty retailer’s stock valued at $224,000 after acquiring an additional 1,429 shares in the last quarter. 96.62% of the stock is currently owned by institutional investors.
Shares of Williams-Sonoma, Inc. (WSM) opened at $49.13 on Tuesday. Williams-Sonoma, Inc. has a 12 month low of $42.68 and a 12 month high of $55.89. The company has a market capitalization of $4,140.00, a P/E ratio of 13.92, a P/E/G ratio of 1.25 and a beta of 0.87.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $1.56 annualized dividend and a yield of 3.18%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 44.19%.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Saturday. Goldman Sachs Group cut Williams-Sonoma from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. Moffett Nathanson assumed coverage on Williams-Sonoma in a research note on Monday, December 4th. They set a “neutral” rating on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Williams-Sonoma in a research note on Sunday, November 19th. Finally, Bank of America lowered their price target on Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating for the company in a research note on Friday, November 17th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $51.20.
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Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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