Whittier Trust Co. cut its position in shares of Whole Foods Market Inc. (NASDAQ:WFM) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,269 shares of the company’s stock after selling 1,812 shares during the period. Whittier Trust Co.’s holdings in Whole Foods Market were worth $393,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in WFM. Seven Bridges Advisors LLC increased its stake in shares of Whole Foods Market by 17.7% in the second quarter. Seven Bridges Advisors LLC now owns 3,431 shares of the company’s stock worth $110,000 after buying an additional 515 shares during the period. Raymond James Trust N.A. bought a new stake in shares of Whole Foods Market during the second quarter worth about $204,000. Fox Run Management L.L.C. bought a new stake in shares of Whole Foods Market during the second quarter worth about $234,000. Douglass Winthrop Advisors LLC bought a new stake in shares of Whole Foods Market during the second quarter worth about $250,000. Finally, Diversified Trust Co increased its stake in shares of Whole Foods Market by 13.7% in the second quarter. Diversified Trust Co now owns 8,325 shares of the company’s stock worth $267,000 after buying an additional 1,000 shares during the period. Institutional investors own 86.38% of the company’s stock.
Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.847% during mid-day trading on Thursday, reaching $28.685. The company’s stock had a trading volume of 2,094,229 shares. The firm has a market capitalization of $9.14 billion, a P/E ratio of 20.344 and a beta of 0.82. Whole Foods Market Inc. has a 52 week low of $27.67 and a 52 week high of $35.58. The firm’s 50 day moving average price is $29.09 and its 200 day moving average price is $30.83.
Whole Foods Market (NASDAQ:WFM) last released its earnings results on Wednesday, July 27th. The company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the business posted $0.43 EPS. Whole Foods Market’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Whole Foods Market Inc. will post $1.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, September 29th. Whole Foods Market’s dividend payout ratio is presently 37.76%.
A number of analysts have issued reports on WFM shares. Zacks Investment Research raised Whole Foods Market from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. Vetr raised Whole Foods Market from a “hold” rating to a “buy” rating and set a $31.97 price objective for the company in a research report on Monday, August 29th. Goldman Sachs Group Inc. reissued a “sell” rating and set a $28.00 price objective (down from $31.00) on shares of Whole Foods Market in a research report on Tuesday, September 13th. Citigroup Inc. cut their price objective on Whole Foods Market from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, September 13th. Finally, Credit Suisse Group AG reissued an “outperform” rating on shares of Whole Foods Market in a research report on Wednesday, July 6th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $30.28.
In related news, Director Shahid M. Hassan sold 7,916 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $28.41, for a total value of $224,893.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.09% of the company’s stock.
Whole Foods Market Company Profile
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.