Williams-Sonoma, Inc. (NYSE:WSM) Position Decreased by Coston McIsaac & Partners

Coston McIsaac & Partners trimmed its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,448 shares of the specialty retailer’s stock after selling 6,877 shares during the quarter. Williams-Sonoma accounts for approximately 3.3% of Coston McIsaac & Partners’ portfolio, making the stock its 6th largest holding. Coston McIsaac & Partners’ holdings in Williams-Sonoma were worth $11,192,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in Williams-Sonoma by 72.7% during the 3rd quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock worth $1,360,384,000 after purchasing an additional 3,695,837 shares during the period. State Street Corp boosted its stake in shares of Williams-Sonoma by 108.8% in the third quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock valued at $825,588,000 after buying an additional 2,777,339 shares in the last quarter. Geode Capital Management LLC grew its holdings in Williams-Sonoma by 107.5% during the third quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock worth $418,223,000 after acquiring an additional 1,393,436 shares during the period. Pacer Advisors Inc. grew its holdings in Williams-Sonoma by 118.7% during the third 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 period. Finally, Jacobs Levy Equity Management Inc. raised its position in Williams-Sonoma by 324.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,036,256 shares of the specialty retailer’s stock worth $160,537,000 after acquiring an additional 792,068 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 990,956 shares of the company’s stock, valued at approximately $129,309,848.44. The trade was a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the completion of the transaction, the chief financial officer now owns 46,388 shares in the company, valued at approximately $8,228,767.32. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,160 shares of company stock valued at $15,129,352. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on WSM. Morgan Stanley boosted their target price on shares of Williams-Sonoma from $170.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Barclays boosted their price objective on shares of Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Evercore ISI increased their target price 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. Wells Fargo & Company boosted their price target on Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Wedbush upped their price target on Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Williams-Sonoma has a consensus rating of “Hold” and an average target price of $172.34.

Williams-Sonoma Stock Performance

Shares of NYSE WSM opened at $216.70 on Thursday. The firm has a market cap of $26.68 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 3.21 and a beta of 1.79. Williams-Sonoma, Inc. has a 1 year low of $95.76 and a 1 year high of $217.64. The firm’s 50 day moving average price is $190.40 and its 200 day moving average price is $158.74.

Williams-Sonoma Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be issued a $0.57 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.05%. Williams-Sonoma’s payout ratio is 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.