Anchor Investment Management LLC Has $102,000 Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Anchor Investment Management LLC increased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 140.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 660 shares of the specialty retailer’s stock after buying an additional 385 shares during the period. Anchor Investment Management LLC’s holdings in Williams-Sonoma were worth $102,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smithfield Trust Co boosted its holdings in shares of Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 80 shares during the period. Quest Partners LLC acquired a new stake in Williams-Sonoma during the 2nd quarter worth approximately $26,000. Cassady Schiller Wealth Management LLC boosted its stake in Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 83 shares during the period. Brooklyn Investment Group acquired a new position in Williams-Sonoma in the 3rd quarter valued at $28,000. Finally, Crewe Advisors LLC bought a new position in Williams-Sonoma during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Activity

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of the company’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 of the company’s stock, valued at $8,228,767.32. This represents a 6.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Laura Alber sold 40,000 shares of the stock in a transaction dated Friday, November 15th. The shares were 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 of the company’s stock, valued at $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. In the last three months, insiders have sold 83,160 shares of company stock worth $11,590,952. Corporate insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Up 2.2 %

Shares of WSM stock opened at $195.64 on Friday. The business has a fifty day simple moving average of $152.30 and a 200 day simple moving average of $147.60. The company has a market cap of $24.08 billion, a P/E ratio of 23.14, a P/E/G ratio of 2.91 and a beta of 1.81. Williams-Sonoma, Inc. has a twelve month low of $95.76 and a twelve month high of $198.70.

Williams-Sonoma Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.17%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 26.97%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WSM. Telsey Advisory Group boosted 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. Citigroup cut 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. TD Cowen increased their target price on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Wedbush lifted their price target on shares of 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 boosted their price target on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma presently has an average rating of “Hold” and an average price target of $154.41.

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.