Wells Fargo & Company MN boosted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 685,368 shares of the specialty retailer’s stock after buying an additional 10,684 shares during the period. Wells Fargo & Company MN owned about 0.80% of Williams-Sonoma worth $34,173,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WSM. Twin Capital Management Inc. acquired a new position in shares of Williams-Sonoma in the 3rd quarter valued at about $1,211,000. Edgemoor Investment Advisors Inc. increased its holdings in shares of Williams-Sonoma by 1.1% in the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 138,474 shares of the specialty retailer’s stock valued at $6,904,000 after purchasing an additional 1,561 shares during the period. Virginia Retirement Systems ET AL increased its holdings in shares of Williams-Sonoma by 25.3% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 34,700 shares of the specialty retailer’s stock valued at $1,730,000 after purchasing an additional 7,000 shares during the period. Legal & General Group Plc increased its holdings in shares of Williams-Sonoma by 14.2% in the 3rd quarter. Legal & General Group Plc now owns 109,949 shares of the specialty retailer’s stock valued at $5,485,000 after purchasing an additional 13,689 shares during the period. Finally, Ffcm LLC acquired a new position in Williams-Sonoma in the third quarter worth approximately $125,000. Hedge funds and other institutional investors own 96.62% of the company’s stock.
Shares of Williams-Sonoma, Inc. (NYSE:WSM) traded up $1.40 during mid-day trading on Thursday, reaching $52.30. The company had a trading volume of 1,442,300 shares, compared to its average volume of 1,733,376. The company has a market capitalization of $4,260.00, a PE ratio of 14.50, a P/E/G ratio of 1.90 and a beta of 0.89. Williams-Sonoma, Inc. has a 52-week low of $42.68 and a 52-week high of $56.57.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th were paid a dividend of $0.39 per share. The ex-dividend date was Thursday, October 26th. This represents a $1.56 annualized dividend and a yield of 2.98%. Williams-Sonoma’s dividend payout ratio is currently 44.19%.
A number of research firms recently commented on WSM. Moffett Nathanson began coverage on Williams-Sonoma in a report on Monday, December 4th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded Williams-Sonoma from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Jefferies Group restated a “hold” rating on shares of Williams-Sonoma in a report on Sunday, November 19th. Bank of America dropped their price objective on Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating on the stock in a report on Friday, November 17th. Finally, Morgan Stanley began coverage on Williams-Sonoma in a report on Friday, November 17th. They issued a “hold” rating and a $48.00 price objective on the stock. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have given a buy rating to the stock. Williams-Sonoma currently has an average rating of “Hold” and an average price target of $51.39.
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Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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