Taylor Cottrill Erickson & Associates Inc. cut its position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,648 shares of the company’s stock after selling 3,425 shares during the period. Whole Foods Market accounts for about 1.1% of Taylor Cottrill Erickson & Associates Inc.’s portfolio, making the stock its 29th largest position. Taylor Cottrill Erickson & Associates Inc.’s holdings in Whole Foods Market were worth $4,659,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. raised its position in 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 in the last quarter. Advisory Services Network LLC bought a new position in Whole Foods Market during the first quarter valued at approximately $105,000. Westside Investment Management Inc. raised its position in 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 in the last quarter. Baldwin Brothers Inc. MA bought a new position in Whole Foods Market during the second quarter valued at approximately $190,000. Finally, Appleton Partners Inc. MA bought a new position in Whole Foods Market during the second quarter valued at approximately $213,000. Institutional investors own 86.33% of the company’s stock.
Shares of Whole Foods Market, Inc. (WFM) remained flat at $41.73 during mid-day trading on Friday. The company had a trading volume of 2,316,383 shares. The firm has a market cap of $13.36 billion, a price-to-earnings ratio of 34.37 and a beta of 0.82. The company’s 50-day moving average is $41.85 and its 200 day moving average is $35.72. Whole Foods Market, Inc. has a 1-year low of $27.67 and a 1-year high of $43.84.
Whole Foods Market (NASDAQ:WFM) last announced its earnings results on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $3.73 billion for 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%. Whole Foods Market’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. Equities research analysts forecast that Whole Foods Market, Inc. will post $1.33 earnings per share for the current fiscal year.
Whole Foods Market announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 10th that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the company to reacquire up to 10.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
Several research firms have recently commented on WFM. Zacks Investment Research upgraded Whole Foods Market from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Wells Fargo & Company raised Whole Foods Market from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research report on Thursday, May 11th. BidaskClub raised Whole Foods Market from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Vetr raised Whole Foods Market from a “strong sell” rating to a “hold” rating and set a $42.27 price objective for the company in a research report on Monday, June 19th. Finally, Tigress Financial downgraded Whole Foods Market from a “buy” rating to a “neutral” rating in a research report on Monday, August 7th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company’s stock. Whole Foods Market has an average rating of “Hold” and an average target price of $38.06.
In other Whole Foods Market news, insider Angela Lorenzen sold 1,431 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $36.34, for a total transaction of $52,002.54. Following the transaction, the insider now owns 1,131 shares of the company’s stock, valued at approximately $41,100.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.
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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