CapWealth Advisors LLC Sells 145 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

CapWealth Advisors LLC lowered its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,205 shares of the specialty retailer’s stock after selling 145 shares during the period. CapWealth Advisors LLC’s holdings in Williams-Sonoma were worth $5,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. boosted its stake in Williams-Sonoma by 186.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer’s stock worth $1,167,000 after purchasing an additional 4,901 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of Williams-Sonoma by 97.1% during the third quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer’s stock worth $955,000 after buying an additional 3,038 shares during the period. Stifel Financial Corp grew its holdings in shares of Williams-Sonoma by 94.8% during the third quarter. Stifel Financial Corp now owns 19,535 shares of the specialty retailer’s stock worth $3,026,000 after buying an additional 9,509 shares in the last quarter. Intech Investment Management LLC raised its position in Williams-Sonoma by 27.2% in the 3rd quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer’s stock valued at $5,966,000 after buying an additional 8,237 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in Williams-Sonoma by 67.4% in the 3rd quarter. Cerity Partners LLC now owns 29,959 shares of the specialty retailer’s stock valued at $4,641,000 after acquiring an additional 12,061 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Trading Up 3.8 %

NYSE:WSM opened at $214.88 on Friday. The stock has a 50 day simple moving average of $198.34 and a 200 day simple moving average of $163.37. The stock has a market cap of $26.45 billion, a P/E ratio of 25.41, a PEG ratio of 2.91 and a beta of 1.79. Williams-Sonoma, Inc. has a 1-year low of $108.74 and a 1-year high of $219.98.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be given 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 1.06%. Williams-Sonoma’s payout ratio is presently 26.97%.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 45,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the sale, the chief executive officer now owns 944,666 shares of the company’s stock, valued at $196,263,808.16. This represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction on Monday, December 2nd. The shares were 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 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 disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WSM shares. Wells Fargo & Company lifted their price objective on shares of Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. TD Cowen increased their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Royal Bank of Canada lifted their target price on Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Telsey Advisory Group increased their price target on Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a research report 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 issued a buy rating to the stock. Based on data from MarketBeat, the company currently 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.