Center For Asset Management LLC Sells 68 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Center For Asset Management LLC reduced its position in Williams-Sonoma, Inc. (NYSE:WSM) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,890 shares of the specialty retailer’s stock after selling 68 shares during the period. Center For Asset Management LLC’s holdings in Williams-Sonoma were worth $720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in WSM. Smithfield Trust Co lifted its stake in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC boosted its stake in Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 83 shares during the period. Brooklyn Investment Group purchased a new position in Williams-Sonoma during the third quarter worth about $28,000. Clean Yield Group bought a new position in Williams-Sonoma in the 3rd quarter worth about $30,000. Finally, HM Payson & Co. raised its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.39, for a total transaction of $560,552.40. Following the completion of the sale, the chief financial officer now directly owns 46,388 shares in the company, valued at $8,228,767.32. The trade was a 6.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 990,956 shares in the company, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 88,160 shares of company stock worth $15,129,352 in the last three months. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Telsey Advisory Group lifted their target price on shares of Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Loop Capital lifted their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Royal Bank of Canada upped their target price on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Wedbush raised their price target on Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Finally, Evercore ISI upped their price objective on Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a report on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams-Sonoma presently has a consensus rating of “Hold” and a consensus price target of $163.16.

Williams-Sonoma Stock Performance

Shares of WSM stock opened at $213.91 on Monday. The company has a market capitalization of $26.33 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 3.21 and a beta of 1.79. Williams-Sonoma, Inc. has a one year low of $95.76 and a one year high of $214.42. The company’s 50-day moving average is $187.30 and its 200 day moving average is $157.86.

Williams-Sonoma Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 26.97%.

Williams-Sonoma 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.