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

Soltis Investment Advisors LLC lifted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 32.0% during the 3rd quarter, according to the company in its most recent filing 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 reporting period.

A number of other institutional investors also recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new stake in shares of Williams-Sonoma during the 2nd quarter valued at $188,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Williams-Sonoma by 50.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,270 shares of the specialty retailer’s stock worth $641,000 after purchasing an additional 760 shares during the period. Blue Trust Inc. lifted its stake in Williams-Sonoma by 163.5% in the second quarter. Blue Trust Inc. now owns 556 shares of the specialty retailer’s stock valued at $157,000 after purchasing an additional 345 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Williams-Sonoma by 32.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,089 shares of the specialty retailer’s stock valued at $2,284,000 after purchasing an additional 1,975 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in Williams-Sonoma in the second quarter worth $4,867,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Buying and Selling at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,160 shares of the business’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 value of $560,552.40. Following the completion of the sale, the chief financial officer now owns 46,388 shares in the company, valued at $8,228,767.32. The trade was a 6.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $145.27, for a total value of $5,810,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. This represents a 3.73 % decrease in their position. 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. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WSM has been the topic of a number of recent research reports. Jefferies Financial Group raised Williams-Sonoma from a “hold” rating to a “buy” rating and upped their price target for the company from $148.00 to $156.00 in a research report on Wednesday, September 11th. Wells Fargo & Company increased their target price on shares of Williams-Sonoma from $140.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their target price 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. Barclays upped their price target on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Finally, Robert W. Baird reduced their price objective on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma has a consensus rating of “Hold” and a consensus price target of $154.41.

Williams-Sonoma Stock Down 1.8 %

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

Williams-Sonoma Dividend Announcement

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

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.