Williams-Sonoma, Inc. (NYSE:WSM) Shares Bought by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC raised its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,782 shares of the specialty retailer’s stock after acquiring an additional 114 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Williams-Sonoma were worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of WSM. Westmount Partners LLC boosted its position in Williams-Sonoma by 1.0% during the 4th quarter. Westmount Partners LLC now owns 6,242 shares of the specialty retailer’s stock worth $1,156,000 after purchasing an additional 59 shares during the period. Smithfield Trust Co raised its stake in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Diversify Advisory Services LLC grew its position in shares of Williams-Sonoma by 2.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock worth $500,000 after acquiring an additional 81 shares in the last quarter. Cassady Schiller Wealth Management LLC increased its stake in 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 purchasing an additional 83 shares during the last quarter. Finally, HM Payson & Co. raised its stake in 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 acquiring an additional 100 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WSM has been the subject of several recent analyst reports. Jefferies Financial Group increased their price target on Williams-Sonoma from $194.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Royal Bank of Canada raised their target price on Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Evercore ISI upped their price target on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a report on Thursday, November 21st. Loop Capital increased their price objective on Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Finally, Wedbush upped their price objective on shares of Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Williams-Sonoma presently has a consensus rating of “Hold” and a consensus price target of $163.16.

Williams-Sonoma Trading Up 1.0 %

WSM opened at $213.91 on Friday. The stock has a market capitalization of $26.33 billion, a PE ratio of 25.30, a PEG ratio of 3.21 and a beta of 1.79. The firm has a 50-day moving average price of $187.30 and a two-hundred day moving average price of $157.75. Williams-Sonoma, Inc. has a 1-year low of $95.76 and a 1-year high of $214.42.

Williams-Sonoma Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s dividend payout ratio (DPR) is 26.97%.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction dated 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 directly owns 46,388 shares in the company, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total value of $9,349,200.00. Following the completion of the transaction, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,160 shares of company stock worth $15,129,352 in the last three months. Insiders own 1.50% of the company’s stock.

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.