Kathmere Capital Management LLC Trims Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Kathmere Capital Management LLC lessened its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 13.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,540 shares of the specialty retailer’s stock after selling 237 shares during the quarter. Kathmere Capital Management LLC’s holdings in Williams-Sonoma were worth $285,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Oppenheimer & Co. Inc. lifted its holdings in shares of Williams-Sonoma by 186.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer’s stock worth $1,167,000 after buying an additional 4,901 shares during the period. OneDigital Investment Advisors LLC lifted its stake in Williams-Sonoma by 97.1% in the third quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer’s stock worth $955,000 after acquiring an additional 3,038 shares during the period. Stifel Financial Corp grew its holdings in Williams-Sonoma by 94.8% during the 3rd quarter. Stifel Financial Corp now owns 19,535 shares of the specialty retailer’s stock worth $3,026,000 after acquiring an additional 9,509 shares in the last quarter. Intech Investment Management LLC grew its holdings in Williams-Sonoma by 27.2% during the 3rd quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer’s stock worth $5,966,000 after acquiring an additional 8,237 shares in the last quarter. Finally, Cerity Partners LLC increased its position in Williams-Sonoma by 67.4% during the 3rd quarter. Cerity Partners LLC now owns 29,959 shares of the specialty retailer’s stock valued at $4,641,000 after purchasing an additional 12,061 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports 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 company an “outperform” rating in a research note on Thursday, November 21st. Wedbush increased their target price 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 boosted their price target on Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Wells Fargo & Company upped their price objective on Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Evercore ISI lifted their target price on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Williams-Sonoma has a consensus rating of “Hold” and an average price target of $160.03.

Williams-Sonoma Price Performance

NYSE WSM opened at $199.22 on Friday. The stock’s fifty day moving average price is $177.84 and its 200 day moving average price is $154.89. Williams-Sonoma, Inc. has a 1 year low of $95.76 and a 1 year high of $200.85. The company has a market cap of $24.52 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 3.00 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s payout ratio is 26.97%.

Insider Buying and Selling

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $8,228,767.32. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the sale, the chief executive officer now directly owns 990,956 shares in the company, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.