Williams-Sonoma, Inc. (NYSE:WSM) Shares Acquired by Spire Wealth Management

Spire Wealth Management raised its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 57.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,096 shares of the specialty retailer’s stock after buying an additional 399 shares during the period. Spire Wealth Management’s holdings in Williams-Sonoma were worth $203,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Smithfield Trust Co increased its position 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 purchasing an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC raised 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 worth $26,000 after acquiring an additional 83 shares during the last quarter. Brooklyn Investment Group purchased a new position in Williams-Sonoma in the 3rd quarter worth $28,000. HM Payson & Co. raised its stake in Williams-Sonoma by 100.0% in the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 100 shares during the last quarter. Finally, Sittner & Nelson LLC raised its stake in Williams-Sonoma by 100.0% in the 3rd quarter. Sittner & Nelson LLC now owns 200 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 100 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction on 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 in the company, valued at $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 SEC, which is available at the SEC website. Also, CFO Jeffrey Howie sold 3,160 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, 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.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $207.26 on Friday. The stock has a market cap of $25.51 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.98 and a beta of 1.79. The stock’s 50 day simple moving average is $195.69 and its 200-day simple moving average is $161.51. Williams-Sonoma, Inc. has a 1-year low of $103.50 and a 1-year high of $219.98.

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 dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s dividend payout ratio is currently 26.97%.

Wall Street Analysts Forecast Growth

WSM has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their target price on Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Jefferies Financial Group lifted their price objective on Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Evercore ISI lifted their price objective 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. Citigroup reduced their price objective on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. raised 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. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $172.34.

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.