Public Employees Retirement Association of Colorado decreased its stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,722 shares of the company’s stock after selling 146 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Whole Foods Market were worth $2,557,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in Whole Foods Market during the first quarter valued at about $105,000. Westside Investment Management Inc. raised its stake in 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 in the last quarter. Winslow Evans & Crocker Inc. raised its stake in 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 in the last quarter. Pacer Advisors Inc. raised its stake in Whole Foods Market by 3.4% in the first quarter. Pacer Advisors Inc. now owns 6,212 shares of the company’s stock valued at $185,000 after buying an additional 207 shares in the last quarter. Finally, Baldwin Brothers Inc. MA purchased a new stake in Whole Foods Market during the second quarter valued at about $190,000. 86.33% of the stock is owned by hedge funds and other institutional investors.
Shares of Whole Foods Market, Inc. (NASDAQ:WFM) remained flat at $41.73 during trading on Friday. 2,316,383 shares of the company’s stock traded hands. Whole Foods Market, Inc. has a 52-week low of $27.67 and a 52-week high of $43.84. The firm has a 50 day moving average of $41.85 and a 200 day moving average of $35.72. The firm has a market cap of $13.36 billion, a PE ratio of 34.37 and a beta of 0.82.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Whole Foods Market had a return on equity of 13.26% and a net margin of 2.44%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the business earned $0.37 EPS. Whole Foods Market’s revenue was up .6% on a year-over-year basis. Analysts forecast that Whole Foods Market, Inc. will post $1.33 earnings per share for the current year.
Whole Foods Market declared that its board has approved a share repurchase plan on Wednesday, May 10th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
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Several equities research analysts recently issued reports on WFM shares. Wells Fargo & Company reissued a “hold” rating on shares of Whole Foods Market in a report on Wednesday, July 26th. Deutsche Bank AG reissued a “hold” rating and issued a $38.00 target price (up from $28.00) on shares of Whole Foods Market in a report on Thursday, May 11th. UBS AG upgraded Whole Foods Market from a “sell” rating to a “neutral” rating and set a $42.00 price target for the company in a research note on Monday, July 10th. Barclays PLC upgraded Whole Foods Market from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $38.00 to $48.00 in a research note on Friday, June 16th. Finally, Gordon Haskett downgraded Whole Foods Market from a “buy” rating to a “hold” rating and set a $42.00 price target for the company. in a research note on Monday, June 26th. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $38.06.
In other Whole Foods Market news, insider Angela Lorenzen sold 1,431 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $36.34, for a total transaction of $52,002.54. Following the sale, the insider now owns 1,131 shares in the company, valued at approximately $41,100.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.
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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