Prentiss Smith & Co. Inc. Decreases Stake in Whole Foods Market, Inc. (WFM)

Prentiss Smith & Co. Inc. lowered its stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 61.5% during the second quarter, Holdings Channel reports. The firm owned 53,591 shares of the company’s stock after selling 85,611 shares during the period. Whole Foods Market comprises 1.2% of Prentiss Smith & Co. Inc.’s holdings, making the stock its 23rd largest position. Prentiss Smith & Co. Inc.’s holdings in Whole Foods Market were worth $2,257,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WFM. Advisory Services Network LLC bought a new stake in shares of Whole Foods Market during the first quarter valued at about $105,000. Westside Investment Management Inc. boosted its stake 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 period. Pacer Advisors Inc. boosted its stake 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 period. Cadence Capital Management LLC boosted its stake in shares of Whole Foods Market by 4.5% in the first quarter. Cadence Capital Management LLC now owns 6,898 shares of the company’s stock valued at $205,000 after buying an additional 299 shares during the period. Finally, Godshalk Welsh Capital Management Inc. boosted its stake in shares of Whole Foods Market by 6.2% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 6,890 shares of the company’s stock valued at $205,000 after buying an additional 400 shares during the period. 91.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of Whole Foods Market, Inc. (NASDAQ WFM) traded down 0.29% during mid-day trading on Monday, reaching $41.88. The company’s stock had a trading volume of 5,877,672 shares. Whole Foods Market, Inc. has a 1-year low of $27.67 and a 1-year high of $43.84. The firm’s 50 day moving average price is $37.57 and its 200-day moving average price is $33.06. The company has a market capitalization of $13.38 billion, a price-to-earnings ratio of 33.34 and a beta of 0.82.

Whole Foods Market (NASDAQ:WFM) last issued its earnings results on Wednesday, May 10th. The company reported $0.37 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.37. Whole Foods Market had a net margin of 2.54% and a return on equity of 13.72%. The business had revenue of $3.74 million for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the firm posted $0.44 EPS. The business’s revenue for the quarter was down 99.9% compared to the same quarter last year. On average, analysts predict that Whole Foods Market, Inc. will post $1.30 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Friday, June 30th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Wednesday, June 28th. This is an increase from Whole Foods Market’s previous quarterly dividend of $0.14. Whole Foods Market’s dividend payout ratio (DPR) is currently 57.14%.

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Several brokerages have recently commented on WFM. Wells Fargo & Company upgraded Whole Foods Market from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Thursday, May 11th. Zacks Investment Research upgraded Whole Foods Market from a “sell” rating to a “hold” rating in a report on Friday, May 12th. BidaskClub upgraded Whole Foods Market from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Vetr upgraded Whole Foods Market from a “strong sell” rating to a “hold” rating and set a $42.27 price objective for the company in a report on Monday, June 19th. Finally, Wolfe Research upgraded Whole Foods Market from an “underperform” rating to a “market perform” rating in a report on Tuesday, May 2nd. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the company. Whole Foods Market currently has a consensus rating of “Hold” and a consensus price target of $37.38.

In related news, insider Angela Lorenzen sold 1,431 shares of Whole Foods Market stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $36.34, for a total transaction of $52,002.54. Following the sale, the insider now owns 1,131 shares of the company’s stock, valued at approximately $41,100.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Juan Nunez sold 14,502 shares of Whole Foods Market stock in a transaction 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 sale, the insider now directly owns 5,746 shares in the company, valued at approximately $158,129.92. The disclosure for this sale can be found here. In the last three months, insiders sold 18,466 shares of company stock worth $543,688. Insiders own 1.30% of the company’s stock.

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.

Want to see what other hedge funds are holding WFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whole Foods Market, Inc. (NASDAQ:WFM).

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

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