Sand Hill Global Advisors LLC lessened its stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 117,910 shares of the company’s stock after selling 1,568 shares during the period. Sand Hill Global Advisors LLC’s holdings in Whole Foods Market were worth $4,965,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. CIBC World Markets Inc. acquired a new position in Whole Foods Market in the second quarter worth approximately $583,000. Commonwealth Bank of Australia raised its stake in shares of Whole Foods Market by 10.9% in the second quarter. Commonwealth Bank of Australia now owns 106,130 shares of the company’s stock valued at $4,468,000 after purchasing an additional 10,405 shares in the last quarter. Omni Partners LLP acquired a new position in shares of Whole Foods Market in the second quarter valued at $454,000. IFM Investors Pty Ltd acquired a new position in shares of Whole Foods Market in the second quarter valued at $429,000. Finally, Freestone Capital Holdings LLC raised its stake in shares of Whole Foods Market by 47.2% in the second quarter. Freestone Capital Holdings LLC now owns 11,331 shares of the company’s stock valued at $477,000 after purchasing an additional 3,631 shares in the last quarter. Institutional investors own 79.18% of the company’s stock.
A number of analysts have recently weighed in on the company. Vetr upgraded Whole Foods Market from a “strong sell” rating to a “hold” rating and set a $42.27 target price for the company in a research note on Monday, June 19th. BidaskClub upgraded Whole Foods Market from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Tigress Financial cut Whole Foods Market from a “buy” rating to a “neutral” rating in a report on Monday, August 7th. Citigroup Inc. raised their target price on Whole Foods Market from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, May 31st. Finally, Wells Fargo & Company cut Whole Foods Market from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $45.00 to $42.00 in a report on Tuesday, July 11th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.76.
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Whole Foods Market, Inc. (NASDAQ WFM) remained flat at $41.99 during trading on Friday. The company’s stock had a trading volume of 760,065 shares. Whole Foods Market, Inc. has a 1-year low of $27.67 and a 1-year high of $43.84. The firm has a 50-day moving average price of $41.82 and a 200-day moving average price of $36.15.
Whole Foods Market (NASDAQ:WFM) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Whole Foods Market had a return on equity of 13.51% and a net margin of 2.85%. Whole Foods Market’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. On average, equities research analysts anticipate that Whole Foods Market, Inc. will post $1.33 EPS for the current year.
Whole Foods Market Profile
Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.
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