J.W. Cole Advisors Inc. Sells 407 Shares of United Natural Foods, Inc. (NYSE:UNFI)

J.W. Cole Advisors Inc. lessened its holdings in shares of United Natural Foods, Inc. (NYSE:UNFIGet Rating) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,880 shares of the company’s stock after selling 407 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in United Natural Foods were worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in United Natural Foods by 8.6% in the first quarter. Vanguard Group Inc. now owns 7,135,789 shares of the company’s stock worth $295,064,000 after purchasing an additional 567,961 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of United Natural Foods by 81.6% during the first quarter. The Manufacturers Life Insurance Company now owns 676,358 shares of the company’s stock valued at $27,967,000 after acquiring an additional 303,984 shares in the last quarter. JCP Investment Management LLC bought a new position in shares of United Natural Foods during the first quarter valued at $10,089,000. BlackRock Inc. increased its holdings in shares of United Natural Foods by 2.7% during the first quarter. BlackRock Inc. now owns 9,056,093 shares of the company’s stock valued at $374,471,000 after acquiring an additional 239,912 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of United Natural Foods by 25.5% during the first quarter. Invesco Ltd. now owns 1,107,412 shares of the company’s stock valued at $45,791,000 after acquiring an additional 224,791 shares in the last quarter. Institutional investors own 88.10% of the company’s stock.

United Natural Foods Stock Performance

NYSE:UNFI opened at $42.44 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.67 and a quick ratio of 0.59. United Natural Foods, Inc. has a 1 year low of $33.63 and a 1 year high of $57.89. The stock’s 50 day simple moving average is $44.42 and its two-hundred day simple moving average is $42.20. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 10.30 and a beta of 0.90.

Analyst Upgrades and Downgrades

UNFI has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on United Natural Foods from $46.00 to $53.00 and gave the stock a “hold” rating in a research report on Wednesday, June 29th. MKM Partners lifted their target price on United Natural Foods from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.57.

United Natural Foods Company Profile

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United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.

Further Reading

Institutional Ownership by Quarter for United Natural Foods (NYSE:UNFI)

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