Concord Wealth Partners Reduces Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Concord Wealth Partners cut its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,279 shares of the specialty retailer’s stock after selling 190 shares during the quarter. Concord Wealth Partners’ holdings in Williams-Sonoma were worth $4,496,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Williams-Sonoma by 72.7% during the third quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock worth $1,360,384,000 after purchasing an additional 3,695,837 shares during the period. State Street Corp raised its position in Williams-Sonoma by 108.8% during the 3rd quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock worth $825,588,000 after buying an additional 2,777,339 shares during the last quarter. Geode Capital Management LLC lifted its stake in Williams-Sonoma by 107.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock valued at $418,223,000 after acquiring an additional 1,393,436 shares during the period. Pacer Advisors Inc. lifted its position in Williams-Sonoma by 118.7% during the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock valued at $326,931,000 after purchasing an additional 1,145,410 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Williams-Sonoma by 324.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,036,256 shares of the specialty retailer’s stock valued at $160,537,000 after purchasing an additional 792,068 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Activity

In other news, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction that occurred on 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 owns 46,388 shares in the company, valued at $8,228,767.32. This trade represents a 6.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction that occurred on 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 owns 990,956 shares in the company, valued at $129,309,848.44. This represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,160 shares of company stock worth $15,129,352 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on WSM. Wells Fargo & Company boosted their price objective on Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Morgan Stanley upped their price objective on Williams-Sonoma from $170.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Citigroup dropped their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group boosted their target price on shares of Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Loop Capital raised their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Williams-Sonoma has a consensus rating of “Hold” and a consensus target price of $172.34.

Williams-Sonoma Trading Down 2.8 %

NYSE:WSM opened at $211.39 on Friday. The company has a market cap of $26.02 billion, a P/E ratio of 25.00, a P/E/G ratio of 3.05 and a beta of 1.79. Williams-Sonoma, Inc. has a twelve month low of $95.76 and a twelve month high of $219.98. The company’s 50-day moving average price is $192.12 and its 200-day moving average price is $159.55.

Williams-Sonoma Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s dividend payout ratio is currently 26.97%.

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.