OLD National Bancorp IN Has $4.64 Million Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

OLD National Bancorp IN lowered its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,076 shares of the specialty retailer’s stock after selling 4,775 shares during the quarter. OLD National Bancorp IN’s holdings in Williams-Sonoma were worth $4,644,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WSM. Smithfield Trust Co lifted its stake in 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. Cassady Schiller Wealth Management LLC lifted its stake in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 83 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Williams-Sonoma during the 3rd quarter valued at $28,000. Clean Yield Group bought a new stake in Williams-Sonoma during the 3rd quarter worth $30,000. Finally, HM Payson & Co. increased its holdings in Williams-Sonoma by 100.0% in the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Trading Up 0.3 %

Shares of NYSE WSM opened at $217.31 on Friday. The firm’s 50-day moving average price is $191.23 and its 200-day moving average price is $159.15. The firm has a market capitalization of $26.75 billion, a P/E ratio of 25.70, a P/E/G ratio of 3.05 and a beta of 1.79. Williams-Sonoma, Inc. has a 1-year low of $95.76 and a 1-year high of $219.98.

Williams-Sonoma Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 annualized dividend and a yield of 1.05%. Williams-Sonoma’s payout ratio is currently 26.97%.

Insider Buying and Selling at Williams-Sonoma

In other news, CFO Jeffrey Howie sold 3,160 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction of $560,552.40. Following the completion of the sale, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Laura Alber sold 45,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the completion of the sale, the chief executive officer now owns 944,666 shares in the company, valued at $196,263,808.16. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,160 shares of company stock valued at $15,129,352. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WSM. JPMorgan Chase & Co. boosted their price target on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Jefferies Financial Group upped their price target on shares of Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group lifted their price target on shares of Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a report on Thursday. Evercore ISI increased their price objective on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a report on Thursday, November 21st. Finally, Wedbush lifted their target price on Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Williams-Sonoma has a consensus rating of “Hold” and an average price target of $172.34.

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.