Williams-Sonoma, Inc. (NYSE:WSM) Stock Holdings Lowered by Choreo LLC

Choreo LLC lowered its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 22.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,212 shares of the specialty retailer’s stock after selling 953 shares during the period. Choreo LLC’s holdings in Williams-Sonoma were worth $597,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. FMR LLC grew its position in Williams-Sonoma by 72.7% in the 3rd quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock valued at $1,360,384,000 after buying an additional 3,695,837 shares in the last quarter. State Street Corp grew its position in Williams-Sonoma by 108.8% in the 3rd quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock valued at $825,588,000 after buying an additional 2,777,339 shares in the last quarter. Geode Capital Management LLC grew 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 buying an additional 1,393,436 shares in the last quarter. Pacer Advisors Inc. grew its position in Williams-Sonoma by 118.7% in the 3rd 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 in the last quarter. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

Shares of WSM opened at $209.12 on Tuesday. Williams-Sonoma, Inc. has a one year low of $108.19 and a one year high of $219.98. The company has a 50-day moving average of $196.39 and a two-hundred day moving average of $162.00. The stock has a market cap of $25.74 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 2.91 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The company 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. This represents a $2.28 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s payout ratio is 26.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WSM. Jefferies Financial Group increased their target price on shares of Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Royal Bank of Canada increased their target price on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Morgan Stanley increased their target price on shares of Williams-Sonoma from $170.00 to $195.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Wedbush lifted their price objective on shares of Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Finally, Loop Capital lifted their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $172.34.

Insiders Place Their Bets

In related news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the sale, the chief executive officer now directly owns 990,956 shares in the company, valued at approximately $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey Howie sold 3,160 shares of the firm’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 sale, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,160 shares of company stock worth $15,129,352 over the last ninety days. 1.50% of the stock is currently owned by company 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.