Wedmont Private Capital Takes Position in Williams-Sonoma, Inc. (NYSE:WSM)

Wedmont Private Capital acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSMFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,047 shares of the specialty retailer’s stock, valued at approximately $403,000.

A number of other institutional investors have also recently added to or reduced their stakes in WSM. Westmount Partners LLC lifted its position in shares of Williams-Sonoma by 1.0% during the 4th quarter. Westmount Partners LLC now owns 6,242 shares of the specialty retailer’s stock valued at $1,156,000 after acquiring an additional 59 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Williams-Sonoma by 0.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,024 shares of the specialty retailer’s stock valued at $4,819,000 after purchasing an additional 159 shares in the last quarter. ORG Partners LLC acquired a new position in Williams-Sonoma during the fourth quarter worth $46,000. Fulton Bank N.A. boosted its position in Williams-Sonoma by 4.0% during the fourth quarter. Fulton Bank N.A. now owns 11,923 shares of the specialty retailer’s stock worth $2,208,000 after purchasing an additional 455 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in Williams-Sonoma in the fourth quarter valued at $257,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Activity

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.39, for a total transaction of $560,552.40. Following the completion of the sale, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $130.49, for a total value of $5,219,600.00. Following the completion of the transaction, the chief executive officer now owns 990,956 shares in the company, valued at approximately $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Citigroup cut their target price on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group increased their price target on shares of Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Evercore ISI lifted their price objective on Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company upped their target price on Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $160.03.

Get Our Latest Analysis on WSM

Williams-Sonoma Price Performance

Shares of WSM stock opened at $198.27 on Thursday. The firm’s 50-day simple moving average is $176.53 and its 200-day simple moving average is $154.58. Williams-Sonoma, Inc. has a 1-year low of $95.76 and a 1-year high of $200.56. The firm has a market cap of $24.41 billion, a P/E ratio of 23.45, a PEG ratio of 2.98 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, January 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.15%. Williams-Sonoma’s dividend payout ratio is presently 26.98%.

Williams-Sonoma Profile

(Free Report)

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.

See Also

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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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