Greenleaf Trust Has $1.11 Million Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Greenleaf Trust lowered its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 4.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,002 shares of the specialty retailer’s stock after selling 306 shares during the quarter. Greenleaf Trust’s holdings in Williams-Sonoma were worth $1,111,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WSM. Spire Wealth Management increased its stake in shares of Williams-Sonoma by 57.2% in the 4th quarter. Spire Wealth Management now owns 1,096 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 399 shares during the last quarter. Journey Strategic Wealth LLC bought a new position in Williams-Sonoma in the fourth quarter valued at about $238,000. DAVENPORT & Co LLC raised its stake in Williams-Sonoma by 12.3% during the fourth quarter. DAVENPORT & Co LLC now owns 13,341 shares of the specialty retailer’s stock worth $2,471,000 after acquiring an additional 1,463 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Williams-Sonoma in the fourth quarter worth about $37,000. Finally, Caprock Group LLC boosted its stake in shares of Williams-Sonoma by 3.6% in the 4th quarter. Caprock Group LLC now owns 9,013 shares of the specialty retailer’s stock valued at $1,669,000 after purchasing an additional 310 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Trading Down 3.2 %

Shares of Williams-Sonoma stock opened at $204.54 on Tuesday. The business has a 50-day moving average price of $192.91 and a two-hundred day moving average price of $159.99. Williams-Sonoma, Inc. has a 1-year low of $97.57 and a 1-year high of $219.98. The company has a market cap of $25.18 billion, a P/E ratio of 24.19, a PEG ratio of 2.98 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.11%. Williams-Sonoma’s payout ratio is currently 26.97%.

Insider Buying and Selling at Williams-Sonoma

In other news, CFO Jeffrey Howie sold 3,160 shares of the business’s stock in a transaction that occurred on 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 owns 46,388 shares in the company, valued at $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $130.49, for a total value 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 approximately $129,309,848.44. This represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,160 shares of company stock valued at $15,129,352. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Wedbush boosted their price objective on Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. TD Cowen increased their target price on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Telsey Advisory Group boosted their price target on Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Barclays raised their price objective on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $172.34.

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.