CIBC Asset Management Inc Purchases 487 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

CIBC Asset Management Inc lifted its position in Williams-Sonoma, Inc. (NYSE:WSM) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,181 shares of the specialty retailer’s stock after acquiring an additional 487 shares during the quarter. CIBC Asset Management Inc’s holdings in Williams-Sonoma were worth $774,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Alpha Financial Partners LLC bought a new position in Williams-Sonoma in the third quarter worth about $216,000. Blue Trust Inc. boosted its position in Williams-Sonoma by 137.2% in the third quarter. Blue Trust Inc. now owns 1,319 shares of the specialty retailer’s stock valued at $204,000 after buying an additional 763 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Williams-Sonoma by 5.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 28,078 shares of the specialty retailer’s stock valued at $4,350,000 after buying an additional 1,394 shares during the last quarter. Private Advisor Group LLC boosted its position in Williams-Sonoma by 94.6% in the third quarter. Private Advisor Group LLC now owns 7,389 shares of the specialty retailer’s stock valued at $1,145,000 after buying an additional 3,592 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Williams-Sonoma by 30,883.3% in the third quarter. International Assets Investment Management LLC now owns 1,859 shares of the specialty retailer’s stock valued at $288,000 after buying an additional 1,853 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 45,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total value of $9,349,200.00. Following the completion of the sale, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at $196,263,808.16. This trade represents a 4.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at $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. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on WSM. JPMorgan Chase & Co. upped their target price on Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Citigroup lowered their price objective on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group upped their price objective on Williams-Sonoma from $194.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Wedbush upped 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. Finally, Morgan Stanley upped their price objective on Williams-Sonoma from $170.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Williams-Sonoma currently has an average rating of “Hold” and a consensus target price of $172.34.

Williams-Sonoma Stock Performance

NYSE WSM opened at $195.03 on Friday. The business has a fifty day moving average price of $200.78 and a 200 day moving average price of $166.06. Williams-Sonoma, Inc. has a one year low of $110.93 and a one year high of $219.98. The company has a market cap of $24.01 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.89 and a beta of 1.79.

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, January 17th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, January 17th. Williams-Sonoma’s dividend 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.