Larson Financial Group LLC Purchases 1,129 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Larson Financial Group LLC grew its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 122.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,054 shares of the specialty retailer’s stock after acquiring an additional 1,129 shares during the quarter. Larson Financial Group LLC’s holdings in Williams-Sonoma were worth $318,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WSM. EntryPoint Capital LLC lifted its position in Williams-Sonoma by 520.0% during the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Quest Partners LLC purchased a new position in Williams-Sonoma in the second quarter worth about $26,000. Crewe Advisors LLC bought a new stake in Williams-Sonoma during the second quarter worth approximately $29,000. Hobbs Group Advisors LLC purchased a new stake in Williams-Sonoma during the second quarter valued at approximately $33,000. Finally, Smithfield Trust Co lifted its stake in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Williams-Sonoma Stock Performance

NYSE WSM opened at $174.10 on Wednesday. Williams-Sonoma, Inc. has a one year low of $90.87 and a one year high of $181.42. The company has a market capitalization of $22.00 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 2.67 and a beta of 1.76. The company’s 50-day simple moving average is $144.82 and its two-hundred day simple moving average is $145.01.

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 18th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, October 18th. Williams-Sonoma’s payout ratio is 26.97%.

Analyst Ratings Changes

WSM has been the topic of several analyst reports. Loop Capital boosted their target price on Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Wedbush increased their target price on shares of Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Citigroup dropped their price target on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company upped their price target on shares of Williams-Sonoma from $140.00 to $165.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Williams-Sonoma presently has a consensus rating of “Hold” and a consensus price target of $154.41.

Insider Buying and Selling

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $130.49, for a total value of $5,219,600.00. Following the completion of the transaction, the chief executive officer now directly owns 990,956 shares in the company, valued at approximately $129,309,848.44. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.