Klingenstein Fields & Co. LLC Takes Position in Whole Foods Market, Inc. (WFM)

Klingenstein Fields & Co. LLC bought a new position in Whole Foods Market, Inc. (NASDAQ:WFM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,750 shares of the company’s stock, valued at approximately $242,000.

A number of other institutional investors also recently modified their holdings of WFM. Advisory Services Network LLC bought a new position in shares of Whole Foods Market during the first quarter worth about $105,000. Westside Investment Management Inc. boosted 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 worth $125,000 after buying an additional 3,320 shares during the period. Winslow Evans & Crocker Inc. boosted 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 worth $132,000 after buying an additional 2,154 shares during the period. Pacer Advisors Inc. boosted 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 worth $185,000 after buying an additional 207 shares during the period. Finally, Baldwin Brothers Inc. MA bought a new position in shares of Whole Foods Market during the second quarter worth about $190,000. Hedge funds and other institutional investors own 87.89% of the company’s stock.

Whole Foods Market, Inc. (WFM) traded down 0.19% on Friday, reaching $41.75. The company’s stock had a trading volume of 9,484,487 shares. The company has a market cap of $13.37 billion, a P/E ratio of 34.39 and a beta of 0.82. The firm’s 50-day moving average price is $41.95 and its 200 day moving average price is $35.32. Whole Foods Market, Inc. has a 52-week low of $27.67 and a 52-week high of $43.84.

Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Whole Foods Market had a return on equity of 13.26% and a net margin of 2.44%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. Equities analysts anticipate that Whole Foods Market, Inc. will post $1.34 EPS for the current fiscal year.

Whole Foods Market declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 10th that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the company to purchase up to 10.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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WFM has been the topic of a number of recent analyst reports. Gordon Haskett initiated coverage on Whole Foods Market in a report on Tuesday, May 9th. They set a “buy” rating and a $42.00 target price on the stock. BidaskClub upgraded Whole Foods Market from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Wells Fargo & Company reaffirmed a “buy” rating and set a $45.00 price target on shares of Whole Foods Market in a research report on Thursday, June 29th. 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 research report on Friday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $42.00 price target on shares of Whole Foods Market in a research report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $38.06.

In related news, insider Juan Nunez sold 14,502 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $27.52, for a total transaction of $399,095.04. Following the completion of the sale, the insider now directly owns 5,746 shares of the company’s stock, valued at $158,129.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela Lorenzen sold 1,431 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $36.34, for a total value of $52,002.54. Following the sale, the insider now directly owns 1,131 shares of the company’s stock, valued at $41,100.54. The disclosure for this sale can be found here. Insiders have sold 18,133 shares of company stock valued at $531,354 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

Whole Foods Market Company Profile

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.

Institutional Ownership by Quarter for Whole Foods Market (NASDAQ:WFM)

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