Consolidated Planning Corp Raises Position in Williams-Sonoma, Inc. (NYSE:WSM)

Consolidated Planning Corp lifted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 155.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,029 shares of the specialty retailer’s stock after purchasing an additional 6,110 shares during the period. Consolidated Planning Corp’s holdings in Williams-Sonoma were worth $1,857,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Resonant Capital Advisors LLC lifted its holdings in shares of Williams-Sonoma by 1.6% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer’s stock worth $643,000 after acquiring an additional 56 shares during the last quarter. Westmount Partners LLC lifted its holdings in shares of 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 acquiring an additional 59 shares during the last quarter. Smithfield Trust Co lifted its holdings in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of Williams-Sonoma by 2.6% during 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 during the last quarter. Finally, Cassady Schiller Wealth Management LLC lifted its holdings in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WSM. 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 report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price objective on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Citigroup lowered their price target on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Wedbush boosted their price target 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, Wells Fargo & Company boosted their price target on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $172.34.

Williams-Sonoma Trading Down 1.3 %

WSM stock opened at $203.82 on Thursday. The firm’s 50-day moving average price is $197.52 and its two-hundred day moving average price is $162.78. Williams-Sonoma, Inc. has a 12-month low of $108.19 and a 12-month high of $219.98. The stock has a market capitalization of $25.09 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.91 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, January 17th. 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 business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 990,956 shares in the company, valued at $129,309,848.44. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey Howie sold 3,160 shares of the business’s 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 transaction, the chief financial officer now owns 46,388 shares in the company, valued at $8,228,767.32. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,160 shares of company stock worth $15,129,352 over the last 90 days. 1.50% of the stock is owned by company insiders.

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.