Rothschild Asset Management Inc. lowered its stake in Whole Foods Market, Inc. (NASDAQ:WFM) by 26.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,083 shares of the company’s stock after selling 9,377 shares during the period. Rothschild Asset Management Inc.’s holdings in Whole Foods Market were worth $1,098,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in shares of Whole Foods Market during the first quarter valued at $105,000. Westside Investment Management Inc. raised its position in shares of Whole Foods Market by 406.4% in the first quarter. Westside Investment Management Inc. now owns 4,137 shares of the company’s stock valued at $125,000 after buying an additional 3,320 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in shares of Whole Foods Market by 169.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,428 shares of the company’s stock valued at $132,000 after buying an additional 2,154 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Whole Foods Market by 3.4% in the first quarter. Pacer Advisors Inc. now owns 6,212 shares of the company’s stock valued at $185,000 after buying an additional 207 shares during the last quarter. Finally, Baldwin Brothers Inc. MA bought a new position in shares of Whole Foods Market during the second quarter valued at $190,000. Institutional investors and hedge funds own 87.89% of the company’s stock.
Shares of Whole Foods Market, Inc. (NASDAQ:WFM) opened at 41.85 on Thursday. The firm has a 50-day moving average of $42.03 and a 200 day moving average of $35.19. The firm has a market cap of $13.40 billion, a P/E ratio of 34.47 and a beta of 0.82. Whole Foods Market, Inc. has a 12 month low of $27.67 and a 12 month high of $43.84.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Whole Foods Market had a return on equity of 13.26% and a net margin of 2.44%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that Whole Foods Market, Inc. will post $1.34 EPS for the current fiscal year.
Whole Foods Market announced that its board has initiated a share repurchase plan on Wednesday, May 10th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
Several research analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of Whole Foods Market from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Thursday, May 11th. Zacks Investment Research upgraded shares of Whole Foods Market from a “sell” rating to a “hold” rating in a report on Friday, May 12th. BidaskClub upgraded shares of Whole Foods Market from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Vetr upgraded shares of Whole Foods Market from a “strong sell” rating to a “hold” rating and set a $42.27 price target on the stock in a report on Monday, June 19th. Finally, Tigress Financial lowered shares of Whole Foods Market from a “buy” rating to a “neutral” rating in a report on Monday. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the stock. Whole Foods Market currently has an average rating of “Hold” and an average price target of $38.06.
In other news, insider Laura A. Derba sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $36.48, for a total transaction of $80,256.00. Following the completion of the transaction, the insider now directly owns 3,418 shares in the company, valued at $124,688.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela Lorenzen sold 1,431 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $36.34, for a total value of $52,002.54. Following the transaction, the insider now owns 1,131 shares of the company’s stock, valued at $41,100.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,466 shares of company stock valued at $543,688. Corporate insiders own 1.30% of the company’s stock.
About Whole Foods Market
Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.
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