Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Concord Wealth Partners

Concord Wealth Partners lessened its position in Williams-Sonoma, Inc. (NYSE:WSM) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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.

Several other hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp purchased a new position in Williams-Sonoma in the 2nd quarter valued at approximately $927,000. Creative Planning raised its stake in shares of Williams-Sonoma by 4.6% in the second quarter. Creative Planning now owns 12,655 shares of the specialty retailer’s stock valued at $3,573,000 after acquiring an additional 559 shares in the last quarter. NewEdge Advisors LLC grew its stake in Williams-Sonoma by 91.9% during the 2nd quarter. NewEdge Advisors LLC now owns 5,654 shares of the specialty retailer’s stock worth $1,596,000 after purchasing an additional 2,707 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Williams-Sonoma by 35.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,639 shares of the specialty retailer’s stock worth $463,000 after purchasing an additional 433 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in Williams-Sonoma by 32.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 865 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 211 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $211.39 on Friday. The stock has a market capitalization of $26.02 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 3.05 and a beta of 1.79. The firm’s fifty day simple moving average is $192.12 and its 200-day simple moving average is $159.55. Williams-Sonoma, Inc. has a 12 month low of $95.76 and a 12 month high of $219.98.

Williams-Sonoma Announces Dividend

The firm 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 $0.57 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.08%. Williams-Sonoma’s payout ratio is 26.97%.

Insider Transactions at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the sale, the chief executive officer now directly owns 990,956 shares of the company’s stock, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey Howie sold 3,160 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 46,388 shares in the company, valued at $8,228,767.32. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,160 shares of company stock worth $15,129,352. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays lifted their price objective on Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. TD Cowen boosted their price target on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Citigroup reduced their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group lifted their price objective on shares of Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Morgan Stanley increased their target price on Williams-Sonoma from $170.00 to $195.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $172.34.

About Williams-Sonoma

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.