Truist Financial Corp Has $62.99 Million Position in Williams-Sonoma, Inc. (NYSE:WSM)

Truist Financial Corp raised its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 340,176 shares of the specialty retailer’s stock after acquiring an additional 11,058 shares during the quarter. Truist Financial Corp owned about 0.28% of Williams-Sonoma worth $62,994,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WSM. Resonant Capital Advisors LLC raised its stake in shares of Williams-Sonoma by 1.6% in the 4th quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer’s stock valued at $643,000 after buying an additional 56 shares in the last quarter. Westmount Partners LLC raised its position in Williams-Sonoma by 1.0% in the fourth 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 in the last quarter. Smithfield Trust Co boosted its holdings in Williams-Sonoma by 100.0% during the third 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 stake 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 valued at $500,000 after purchasing an additional 81 shares during the period. Finally, Cassady Schiller Wealth Management LLC grew 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 purchasing an additional 83 shares during the period. 99.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wedbush upped their price target on Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Loop Capital increased their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. TD Cowen boosted their price objective on Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Wells Fargo & Company increased their price target on Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Finally, 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 research note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $172.34.

Williams-Sonoma Stock Performance

Shares of NYSE:WSM opened at $214.88 on Tuesday. Williams-Sonoma, Inc. has a 52-week low of $108.74 and a 52-week high of $219.98. The company has a market capitalization of $26.45 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.91 and a beta of 1.79. The company has a 50-day simple moving average of $198.86 and a 200 day simple moving average of $163.96.

Williams-Sonoma Announces Dividend

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 paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.06%. Williams-Sonoma’s dividend payout ratio is currently 26.97%.

Insider Buying and Selling

In related news, CEO Laura Alber sold 45,000 shares of Williams-Sonoma stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the completion of the sale, the chief executive officer now 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 in the company, valued at approximately $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 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.