Country Trust Bank lowered its stake in Whole Foods Market, Inc. (NASDAQ:WFM) by 12.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 167,900 shares of the company’s stock after selling 23,900 shares during the period. Country Trust Bank owned approximately 0.05% of Whole Foods Market worth $7,070,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of WFM. Winslow Evans & Crocker Inc. boosted its position in shares of Whole Foods Market by 169.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,428 shares of the company’s stock valued at $132,000 after buying an additional 2,154 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Whole Foods Market during the first quarter valued at about $105,000. Westside Investment Management Inc. boosted its position in shares of Whole Foods Market by 406.4% in the first quarter. Westside Investment Management Inc. now owns 4,137 shares of the company’s stock valued at $125,000 after buying an additional 3,320 shares during the last quarter. Baldwin Brothers Inc. MA purchased a new stake in Whole Foods Market during the second quarter worth $190,000. Finally, Appleton Partners Inc. MA purchased a new stake in Whole Foods Market during the second quarter worth $213,000. Institutional investors own 86.33% of the company’s stock.
Whole Foods Market, Inc. (NASDAQ:WFM) opened at 41.73 on Friday. The stock has a market capitalization of $13.36 billion, a price-to-earnings ratio of 34.37 and a beta of 0.82. Whole Foods Market, Inc. has a 12-month low of $27.67 and a 12-month high of $43.84. The stock’s 50 day moving average is $41.85 and its 200 day moving average is $35.72.
Whole Foods Market declared that its Board of Directors has authorized a share repurchase plan on Wednesday, May 10th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the company to reacquire up to 10.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
WFM has been the topic of a number of recent analyst reports. Credit Suisse Group restated an “outperform” rating and issued a $40.00 price target on shares of Whole Foods Market in a report on Sunday, April 23rd. Royal Bank Of Canada raised their price target on shares of Whole Foods Market from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Vetr cut shares of Whole Foods Market from a “hold” rating to a “sell” rating and set a $35.59 price target on the stock. in a report on Thursday, April 27th. Zacks Investment Research cut shares of Whole Foods Market from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Finally, Wolfe Research upgraded shares of Whole Foods Market from an “underperform” rating to a “market perform” rating in a report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the stock. Whole Foods Market has an average rating of “Hold” and an average target price of $38.06.
In other news, insider Angela Lorenzen sold 1,431 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $36.34, for a total value of $52,002.54. Following the completion of the transaction, the insider now owns 1,131 shares in the company, valued at $41,100.54. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.
About Whole Foods Market
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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