Beacon Investment Advisory Services Inc. Has $4.51 Million Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Beacon Investment Advisory Services Inc. grew its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 93.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,100 shares of the specialty retailer’s stock after purchasing an additional 14,050 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Williams-Sonoma were worth $4,508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Smithfield Trust Co boosted its position in 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 during the period. Diversify Advisory Services LLC increased its stake in Williams-Sonoma by 2.6% in the third quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock valued at $500,000 after acquiring an additional 81 shares during the period. TFG Advisers LLC lifted its position in shares of Williams-Sonoma by 3.1% during the 2nd quarter. TFG Advisers LLC now owns 2,746 shares of the specialty retailer’s stock worth $776,000 after buying an additional 83 shares during the period. Cassady Schiller Wealth Management LLC lifted its holdings in shares of Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 83 shares during the period. Finally, JGP Wealth Management LLC boosted its position in Williams-Sonoma by 1.9% in the second quarter. JGP Wealth Management LLC now owns 4,753 shares of the specialty retailer’s stock valued at $1,342,000 after buying an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Trading Up 0.4 %

Shares of WSM opened at $172.02 on Monday. The stock has a market capitalization of $21.18 billion, a PE ratio of 20.35, a P/E/G ratio of 2.62 and a beta of 1.81. Williams-Sonoma, Inc. has a 12 month low of $92.55 and a 12 month high of $181.42. The firm’s 50 day moving average is $146.19 and its 200-day moving average is $145.29.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 18th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, October 18th. Williams-Sonoma’s dividend payout ratio is currently 26.97%.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of the 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WSM has been the subject of a number of research analyst reports. Robert W. Baird cut their price target on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Citigroup decreased their target price on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Wells Fargo & Company lifted their target price on Williams-Sonoma from $140.00 to $165.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Evercore ISI increased their target price on Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of 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 assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $154.41.

Williams-Sonoma Company 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.