Today: Today, Parsons Capital Management Inc. RI cuts position of Whole Foods Market Inc. (WFM)

Today, Parsons Capital Management Inc. RI cuts position of Whole Foods Market Inc. (WFM)

Parsons Capital Management Inc. RI cut its stake in shares of Whole Foods Market Inc. (NASDAQ:WFM) by 14.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,250 shares of the company’s stock after selling 7,025 shares during the period. Parsons Capital Management Inc. RI’s holdings in Whole Foods Market were worth $1,169,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WFM. PGGM Investments bought a new position in Whole Foods Market during the second quarter worth about $31,783,000. Trillium Asset Management LLC boosted its position in shares of Whole Foods Market by 1.2% in the second quarter. Trillium Asset Management LLC now owns 413,157 shares of the company’s stock valued at $13,229,000 after buying an additional 4,792 shares during the period. Front Street Capital Management Inc. acquired a new position in shares of Whole Foods Market during the second quarter valued at about $11,602,000. Boston Advisors LLC boosted its position in shares of Whole Foods Market by 978.3% in the second quarter. Boston Advisors LLC now owns 409,588 shares of the company’s stock valued at $13,115,000 after buying an additional 371,605 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Whole Foods Market by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 192,727 shares of the company’s stock valued at $6,171,000 after buying an additional 1,803 shares during the period. Institutional investors own 88.56% of the company’s stock.

Shares of Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.13% on Friday, hitting $31.09. 620,840 shares of the stock traded hands. The firm’s 50-day moving average is $29.30 and its 200 day moving average is $30.66. Whole Foods Market Inc. has a 12-month low of $27.67 and a 12-month high of $35.58. The firm has a market cap of $9.90 billion, a P/E ratio of 20.06 and a beta of 0.76.

Whole Foods Market (NASDAQ:WFM) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Whole Foods Market had a net margin of 3.22% and a return on equity of 15.65%. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $26.30 million. During the same quarter last year, the firm posted $0.24 earnings per share. Whole Foods Market’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts forecast that Whole Foods Market Inc. will post $1.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 24th. Stockholders of record on Friday, January 13th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.14. Whole Foods Market’s dividend payout ratio (DPR) is currently 34.84%.

Several research analysts recently issued reports on the stock. SunTrust Banks Inc. reissued a “buy” rating and set a $38.00 target price on shares of Whole Foods Market in a report on Thursday, July 28th. Deutsche Bank AG raised their target price on shares of Whole Foods Market from $28.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, July 28th. Wedbush reissued a “neutral” rating and set a $32.00 target price on shares of Whole Foods Market in a report on Thursday, July 28th. Vetr cut shares of Whole Foods Market from a “hold” rating to a “sell” rating and set a $29.97 price objective for the company. in a report on Tuesday, November 15th. Finally, Zacks Investment Research raised shares of Whole Foods Market from a “sell” rating to a “hold” rating in a report on Thursday, August 25th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. Whole Foods Market presently 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 Whole Foods Market stock in a transaction on Friday, September 16th. The shares were sold at an average price of $28.41, for a total value of $224,893.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeff Turnas sold 4,400 shares of Whole Foods Market stock in a transaction on Friday, November 11th. The stock was sold at an average price of $30.21, for a total transaction of $132,924.00. Following the completion of the transaction, the insider now directly owns 6,792 shares of the company’s stock, valued at approximately $205,186.32. The disclosure for this sale can be found here. 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.

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