Precedent Wealth Partners LLC Buys 114 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

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

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its position in shares of Williams-Sonoma by 72.7% in the 3rd quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock valued at $1,360,384,000 after buying an additional 3,695,837 shares in the last quarter. State Street Corp grew its position in shares of Williams-Sonoma by 108.8% during the 3rd quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock worth $825,588,000 after buying an additional 2,777,339 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Williams-Sonoma by 107.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock worth $418,223,000 after purchasing an additional 1,393,436 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Williams-Sonoma by 118.7% in the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock valued at $326,931,000 after purchasing an additional 1,145,410 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Williams-Sonoma by 104.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,105,336 shares of the specialty retailer’s stock worth $171,239,000 after buying an additional 565,745 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Williams-Sonoma Trading Up 1.0 %

NYSE:WSM opened at $213.91 on Friday. Williams-Sonoma, Inc. has a 12 month low of $95.76 and a 12 month high of $214.42. The firm has a market cap of $26.33 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 3.21 and a beta of 1.79. The stock has a 50 day moving average of $187.30 and a two-hundred day moving average of $157.75.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.07%. Williams-Sonoma’s dividend payout ratio is currently 26.97%.

Insider Buying and Selling at Williams-Sonoma

In related news, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 944,666 shares in the company, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total transaction of $560,552.40. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 88,160 shares of company stock valued at $15,129,352 over the last 90 days. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WSM. Jefferies Financial Group lifted their price objective on shares of Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. raised their price target on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Telsey Advisory Group boosted their target price on Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Royal Bank of Canada raised their price objective on Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Loop Capital lifted their price objective on Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $163.16.

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.