Edgemoor Investment Advisors Inc. decreased its position in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 173,906 shares of the specialty retailer’s stock after selling 3,361 shares during the period. Williams-Sonoma accounts for 2.4% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 12th largest position. Edgemoor Investment Advisors Inc. owned 0.15% of Williams-Sonoma worth $31,058,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in WSM. State Street Corp boosted its holdings in Williams-Sonoma by 2.5% during the third quarter. State Street Corp now owns 6,139,477 shares of the specialty retailer’s stock worth $1,199,961,000 after buying an additional 147,780 shares during the last quarter. First Trust Advisors LP boosted its holdings in Williams-Sonoma by 30.7% during the third quarter. First Trust Advisors LP now owns 2,269,461 shares of the specialty retailer’s stock worth $443,566,000 after buying an additional 532,995 shares during the last quarter. Norges Bank bought a new position in Williams-Sonoma during the fourth quarter worth about $316,920,000. Boston Partners bought a new position in Williams-Sonoma during the third quarter worth about $254,778,000. Finally, UBS Group AG boosted its holdings in Williams-Sonoma by 31.6% during the third quarter. UBS Group AG now owns 1,094,336 shares of the specialty retailer’s stock worth $213,888,000 after buying an additional 263,027 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.
Williams-Sonoma Stock Performance
Shares of Williams-Sonoma stock opened at $203.89 on Friday. The business’s 50 day simple moving average is $185.98 and its 200 day simple moving average is $191.90. Williams-Sonoma, Inc. has a 52-week low of $152.20 and a 52-week high of $222.00. The firm has a market cap of $24.01 billion, a PE ratio of 22.83, a P/E/G ratio of 2.56 and a beta of 1.49.
Williams-Sonoma Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, April 17th were paid a $0.76 dividend. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, April 17th. Williams-Sonoma’s dividend payout ratio is 29.56%.
Insider Buying and Selling at Williams-Sonoma
In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $183.04, for a total value of $3,660,800.00. Following the completion of the transaction, the chief executive officer directly owned 786,537 shares in the company, valued at $143,967,732.48. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Karalyn Yearout sold 2,267 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $192.49, for a total value of $436,374.83. Following the completion of the transaction, the executive vice president owned 23,351 shares of the company’s stock, valued at approximately $4,494,833.99. This represents a 8.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 106,370 shares of company stock worth $19,720,823 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities analysts have issued reports on WSM shares. Barclays set a $190.00 target price on Williams-Sonoma and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Citigroup reduced their target price on Williams-Sonoma from $208.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. The Goldman Sachs Group upgraded Williams-Sonoma from a “neutral” rating to a “buy” rating and raised their target price for the stock from $185.00 to $218.00 in a report on Monday, April 13th. Argus set a $230.00 target price on Williams-Sonoma in a report on Friday. Finally, UBS Group raised their price target on Williams-Sonoma from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Williams-Sonoma presently has an average rating of “Moderate Buy” and a consensus price target of $209.06.
View Our Latest Research Report on Williams-Sonoma
About Williams-Sonoma
Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.
The company operates a portfolio of consumer brands that target distinct segments of the home market.
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