Modera Wealth Management LLC Decreases Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Modera Wealth Management LLC lowered its position in Williams-Sonoma, Inc. (NYSE:WSM) by 4.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 222,492 shares of the specialty retailer’s stock after selling 11,121 shares during the period. Modera Wealth Management LLC’s holdings in Williams-Sonoma were worth $41,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smithfield Trust Co lifted its holdings 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 in the last quarter. Cassady Schiller Wealth Management LLC raised its holdings in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 83 shares during the period. Brooklyn Investment Group purchased a new position in shares of Williams-Sonoma during the 3rd quarter worth $28,000. HM Payson & Co. raised its holdings in shares of Williams-Sonoma by 100.0% during the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 100 shares during the period. Finally, Sittner & Nelson LLC raised its holdings in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Sittner & Nelson LLC now owns 200 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on WSM. Jefferies Financial Group lifted their target price on Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Citigroup lowered their price objective on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Wells Fargo & Company boosted their price objective on Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Finally, Barclays boosted their price objective on Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $173.28.

Williams-Sonoma Trading Up 1.0 %

Shares of NYSE WSM opened at $194.23 on Friday. Williams-Sonoma, Inc. has a twelve month low of $115.79 and a twelve month high of $219.98. The stock has a 50 day moving average of $201.46 and a two-hundred day moving average of $168.18. The stock has a market cap of $23.91 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.89 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 17th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, January 17th. Williams-Sonoma’s dividend payout ratio is currently 26.98%.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 1,408 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $194.32, for a total value of $273,602.56. Following the completion of the sale, the chief financial officer now owns 46,388 shares in the company, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total value of $9,349,200.00. Following the completion of the transaction, the chief executive officer now directly owns 944,666 shares in the company, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,568 shares of company stock worth $10,183,355. 1.50% of the stock is 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.