Canandaigua National Bank & Trust Co. Acquires New Position in Williams-Sonoma, Inc. (NYSE:WSM)

Canandaigua National Bank & Trust Co. purchased a new stake in Williams-Sonoma, Inc. (NYSE:WSM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,389 shares of the specialty retailer’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Smithfield Trust Co raised its stake in shares of Williams-Sonoma by 100.0% in the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. Diversify Advisory Services LLC raised its position in Williams-Sonoma by 2.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock valued at $500,000 after purchasing an additional 81 shares in the last quarter. Cassady Schiller Wealth Management LLC boosted its stake in shares of 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 buying an additional 83 shares during the period. Quest Partners LLC acquired a new position in shares of Williams-Sonoma during the second quarter worth about $26,000. Finally, HM Payson & Co. grew its position in shares of Williams-Sonoma by 100.0% during the third quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Stock Performance

NYSE WSM opened at $195.50 on Wednesday. The firm’s fifty day moving average is $167.79 and its two-hundred day moving average is $152.28. Williams-Sonoma, Inc. has a one year low of $95.76 and a one year high of $200.56. The firm has a market cap of $24.07 billion, a PE ratio of 23.12, a P/E/G ratio of 2.98 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s dividend payout ratio is presently 26.98%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Telsey Advisory Group lifted their price target on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Evercore ISI increased their target price on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a report on Thursday, November 21st. Wells Fargo & Company lifted their price target on Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday. Royal Bank of Canada upped their price objective on Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised their target price on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and a consensus price target of $160.03.

Insiders Place Their Bets

In related news, CFO Jeffrey Howie sold 3,160 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction of $560,552.40. Following the completion of the transaction, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at $8,228,767.32. This represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 990,956 shares in the company, valued at $129,309,848.44. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by 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.