Private Trust Co. NA Buys 1,177 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Private Trust Co. NA grew its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 150.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,961 shares of the specialty retailer’s stock after purchasing an additional 1,177 shares during the period. Private Trust Co. NA’s holdings in Williams-Sonoma were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WSM. Oppenheimer & Co. Inc. raised its position in Williams-Sonoma by 186.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer’s stock worth $1,167,000 after purchasing an additional 4,901 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Williams-Sonoma by 97.1% in the third quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer’s stock worth $955,000 after buying an additional 3,038 shares during the period. Intech Investment Management LLC lifted its stake in shares of Williams-Sonoma by 27.2% during the 3rd quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer’s stock worth $5,966,000 after acquiring an additional 8,237 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Williams-Sonoma by 118.7% during the 3rd quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock worth $326,931,000 after acquiring an additional 1,145,410 shares during the last quarter. Finally, Pathstone Holdings LLC grew its position in Williams-Sonoma by 92.5% in the 3rd quarter. Pathstone Holdings LLC now owns 44,130 shares of the specialty retailer’s stock valued at $6,837,000 after acquiring an additional 21,200 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Buying and Selling

In related news, CEO Laura Alber sold 40,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 990,956 shares in the company, valued at $129,309,848.44. The trade was a 3.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on WSM shares. Robert W. Baird lowered their target price on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Evercore ISI lifted their price objective on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a report on Thursday, November 21st. TD Cowen upped their target price on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price target on shares of Williams-Sonoma from $140.00 to $165.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Citigroup reduced their price objective on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $154.41.

Williams-Sonoma Price Performance

Shares of WSM stock opened at $171.39 on Friday. The stock’s 50-day moving average is $145.73 and its 200 day moving average is $145.38. Williams-Sonoma, Inc. has a 1-year low of $90.87 and a 1-year high of $181.42. The company has a market cap of $21.10 billion, a P/E ratio of 20.27, a PEG ratio of 2.65 and a beta of 1.76.

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 18th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Friday, October 18th. Williams-Sonoma’s payout ratio is currently 26.97%.

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.