Soltis Investment Advisors LLC Purchases 3,707 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Soltis Investment Advisors LLC grew its position in Williams-Sonoma, Inc. (NYSE:WSM) by 32.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,302 shares of the specialty retailer’s stock after purchasing an additional 3,707 shares during the period. Soltis Investment Advisors LLC’s holdings in Williams-Sonoma were worth $2,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Quest Partners LLC bought a new stake in Williams-Sonoma in the 2nd quarter valued at approximately $26,000. Crewe Advisors LLC bought a new stake in shares of Williams-Sonoma in the second quarter worth $29,000. Hobbs Group Advisors LLC acquired a new position in Williams-Sonoma during the second quarter worth $33,000. Smithfield Trust Co grew its position in Williams-Sonoma by 100.0% in 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. Finally, Cassady Schiller Wealth Management LLC increased its stake in 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 buying an additional 83 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank of Canada increased their price objective on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company raised their price target on Williams-Sonoma from $140.00 to $165.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Telsey Advisory Group upped their price objective on Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Robert W. Baird cut their price objective on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Finally, Barclays boosted their target price on shares of Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $154.41.

Williams-Sonoma Trading Down 1.8 %

Shares of WSM opened at $186.75 on Wednesday. Williams-Sonoma, Inc. has a 12 month low of $94.63 and a 12 month high of $192.83. The firm’s 50 day moving average is $150.04 and its 200-day moving average is $146.69. The stock has a market capitalization of $22.99 billion, a PE ratio of 22.09, a P/E/G ratio of 2.87 and a beta of 1.81.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 18th were paid a $0.57 dividend. The ex-dividend date was Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a yield of 1.22%. Williams-Sonoma’s dividend payout ratio (DPR) is 26.97%.

Insider Buying and Selling at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the sale, the chief executive officer now owns 990,956 shares of the company’s stock, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.39, for a total value of $560,552.40. Following the sale, 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. Insiders sold a total of 83,160 shares of company stock worth $11,590,952 over the last three months. Corporate 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.