Klein Pavlis & Peasley Financial Inc. Has $1.08 Million Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Klein Pavlis & Peasley Financial Inc. raised its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,809 shares of the specialty retailer’s stock after buying an additional 219 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Williams-Sonoma were worth $1,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its stake in shares of Williams-Sonoma by 72.7% in the third 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 last quarter. State Street Corp raised its holdings in Williams-Sonoma by 108.8% during the third quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock worth $825,588,000 after buying an additional 2,777,339 shares during the last quarter. Geode Capital Management LLC lifted its position in Williams-Sonoma by 107.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock valued at $418,223,000 after acquiring an additional 1,393,436 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Williams-Sonoma by 118.7% during the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock valued at $326,931,000 after buying an additional 1,145,410 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Williams-Sonoma by 104.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,105,336 shares of the specialty retailer’s stock valued at $171,239,000 after buying an additional 565,745 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Trading Up 0.7 %

WSM stock opened at $209.71 on Thursday. The company’s 50 day moving average is $194.13 and its 200 day moving average is $160.82. The stock has a market cap of $25.82 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 2.98 and a beta of 1.79. Williams-Sonoma, Inc. has a 1-year low of $99.80 and a 1-year high of $219.98.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s payout ratio is 26.98%.

Analyst Ratings Changes

WSM has been the subject of several analyst reports. TD Cowen increased their target price on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Telsey Advisory Group lifted 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. Citigroup decreased their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $172.34.

Insider Activity

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction of $560,552.40. Following the transaction, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. This trade represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the completion of the sale, the chief executive officer now owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,160 shares of company stock worth $15,129,352. 1.50% of the stock is currently owned by corporate insiders.

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.