WINTON GROUP Ltd acquired a new stake in Whole Foods Market, Inc. (NASDAQ:WFM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,621 shares of the company’s stock, valued at approximately $784,000.
Several other hedge funds also recently added to or reduced their stakes in the company. Ropes Wealth Advisors LLC lifted its stake in Whole Foods Market by 103.7% during the second quarter. Ropes Wealth Advisors LLC now owns 2,750 shares of the company’s stock worth $116,000 after purchasing an additional 1,400 shares during the last quarter. AT Bancorp bought a new position in Whole Foods Market during the second quarter worth $118,000. Winslow Evans & Crocker Inc. lifted its stake in Whole Foods Market by 169.1% during the second quarter. Winslow Evans & Crocker Inc. now owns 3,428 shares of the company’s stock worth $132,000 after purchasing an additional 2,154 shares during the last quarter. Baldwin Brothers Inc. MA bought a new position in Whole Foods Market during the second quarter worth $190,000. Finally, Harbour Capital Advisors LLC lifted its stake in Whole Foods Market by 4,111.0% during the second quarter. Harbour Capital Advisors LLC now owns 8,422 shares of the company’s stock worth $200,000 after purchasing an additional 8,222 shares during the last quarter. 79.18% of the stock is owned by institutional investors and hedge funds.
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WFM has been the topic of several research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $42.00 price objective on shares of Whole Foods Market in a research note on Tuesday, July 18th. Vetr raised Whole Foods Market from a “hold” rating to a “buy” rating and set a $46.16 price target on the stock in a report on Friday, July 14th. Wells Fargo & Company reissued a “buy” rating and set a $45.00 price target on shares of Whole Foods Market in a report on Thursday, June 29th. Barclays PLC lowered Whole Foods Market from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $48.00 to $42.00 in a report on Wednesday, August 23rd. Finally, BidaskClub raised Whole Foods Market from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $37.76.
Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Whole Foods Market had a net margin of 2.85% and a return on equity of 13.51%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share.
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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