The Whole Foods Market, Inc. (WFM) Shares Bought by Utah Retirement Systems

Geronimo Vena
Giugno 18, 2017

Oppenheimer maintained Whole Foods Market, Inc.

Several other large investors have also recently made changes to their positions in WFM. It also reduced Waste Connections Inc stake by 193,248 shares and now owns 699,290 shares. Whole Foods Market, Inc. Finally, Cadence Capital Management LLC purchased a new stake in shares of Whole Foods Market during the fourth quarter valued at approximately $203,000. Utah Retirement Systems' holdings in Whole Foods Market were worth $1,728,000 at the end of the most recent quarter. Institutional investors own 91.41% of the company's stock. Berkeley Capital Partners LLC boosted its stake in Whole Foods Market by 0.3% in the third quarter. SRB Corp now owns 5,033 shares of the company's stock worth $143,000 after buying an additional 552 shares during the last quarter. Parnassus Investments CA increased its position in Whole Foods Market by 29.2% in the first quarter. On average, equities research analysts expect that Whole Foods Market will post $1.31 earnings per share for the current year. The stock had a trading volume of 128,832,883 shares.

Whole Foods Market shares rose 27 percent midday Friday on the deal news. The company has a market capitalization of $13.64 billion, a P/E ratio of 33.98 and a beta of 0.88. The firm has a 50-day moving average of $35.95 and a 200 day moving average of $32.29. Royal Bank of Canada reaffirmed an outperform rating and issued a $35.00 target price on shares of Whole Foods Market in a research report on Monday, March 13th. The company reported $0.37 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.37. Whole Foods Market had a return on equity of 13.72% and a net margin of 2.54%. The firm had revenue of $3.74 million during the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the previous year, the company posted $0.44 EPS. The firm's revenue for the quarter was down 99.9% compared to the same quarter past year.

What are top analysts saying about Whole Foods Market Inc.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Wednesday, June 28th. This is a boost from Whole Foods Market's previous quarterly dividend of $0.14. Whole Foods Market's payout ratio is now 44.44%. "(WFM)" was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and worldwide copyright legislation. The correct version of this news story can be accessed at https://www.themarketsdaily.com/2017/06/16/whole-foods-market-inc-wfm-shares-bought-by-envestnet-asset-management-inc-updated-updated.html. Wolfe Research upgraded shares of Whole Foods Market from an underperform rating to a market perform rating in a research note on Tuesday, May 2nd. Credit Suisse has "Outperform" rating and $40 target. (NASDAQ:WFM) from a sell rating to a hold rating in a report published on Friday, May 12th. Vetr raised Whole Foods Market from a "strong sell" rating to a "sell" rating and set a $31.24 price target for the company in a research report on Wednesday, June 7th. $33.79's average target is -20.17% below currents $42.33 stock price. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. Whole Foods Market presently has a consensus rating of "Hold" and an average target price of $34.30. The stock declined 0.20% or $0.08 reaching $39.81 on the news. The stock was sold at an average price of $36.34, for a total value of $52,002.54. Following the transaction, the insider now owns 5,746 shares in the company, valued at approximately $158,129.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

In other news, insider Angela Lorenzen sold 1,431 shares of the company's stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $36.48, for a total value of $80,256.00.

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