Trust Point Inc. Has $735,000 Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Trust Point Inc. increased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 46.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,969 shares of the specialty retailer’s stock after purchasing an additional 1,262 shares during the period. Trust Point Inc.’s holdings in Williams-Sonoma were worth $735,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. 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 worth $25,000 after buying an additional 80 shares during the last quarter. Cassady Schiller Wealth Management LLC boosted its stake in 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. Brooklyn Investment Group acquired a new position in Williams-Sonoma during the third quarter valued at approximately $28,000. Clean Yield Group bought a new stake in Williams-Sonoma in the third quarter valued at approximately $30,000. Finally, HM Payson & Co. raised its holdings in Williams-Sonoma by 100.0% in the third quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 100 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on WSM. Wells Fargo & Company upped their price objective on shares of Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Citigroup dropped their price target on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group boosted their price objective on Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Telsey Advisory Group raised their target price on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Wedbush upped their price target on shares of Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $172.34.

Williams-Sonoma Trading Up 1.9 %

Shares of WSM opened at $208.43 on Wednesday. The company’s fifty day simple moving average is $193.45 and its 200 day simple moving average is $160.38. Williams-Sonoma, Inc. has a 1-year low of $97.57 and a 1-year high of $219.98. The company has a market cap of $25.66 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.98 and a beta of 1.79.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be paid a $0.57 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.28 annualized dividend and a yield of 1.09%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 26.97%.

Insider Buying and Selling

In other Williams-Sonoma news, CEO Laura Alber sold 45,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 944,666 shares in the company, valued at $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,160 shares of company stock worth $15,129,352. Company 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.