Venturi Wealth Management LLC Has $2.16 Million Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Venturi Wealth Management LLC grew its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 69.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,684 shares of the specialty retailer’s stock after buying an additional 4,796 shares during the period. Venturi Wealth Management LLC’s holdings in Williams-Sonoma were worth $2,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Resonant Capital Advisors LLC increased its stake in shares of Williams-Sonoma by 1.6% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer’s stock worth $643,000 after purchasing an additional 56 shares during the last quarter. Westmount Partners LLC boosted its stake in shares of Williams-Sonoma by 1.0% during the 4th quarter. Westmount Partners LLC now owns 6,242 shares of the specialty retailer’s stock worth $1,156,000 after acquiring an additional 59 shares in the last quarter. Smithfield Trust Co increased its holdings in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Diversify Advisory Services LLC raised its stake in shares of Williams-Sonoma by 2.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock valued at $500,000 after acquiring an additional 81 shares in the last quarter. Finally, Cassady Schiller Wealth Management LLC boosted its position in Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

NYSE WSM opened at $214.88 on Tuesday. Williams-Sonoma, Inc. has a one year low of $108.74 and a one year high of $219.98. The stock’s 50-day moving average is $198.86 and its 200-day moving average is $163.96. The firm has a market cap of $26.45 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.91 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 annualized dividend and a yield of 1.06%. Williams-Sonoma’s payout ratio is currently 26.97%.

Analysts Set New Price Targets

WSM has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Williams-Sonoma from $170.00 to $195.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Wells Fargo & Company boosted their target price on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Loop Capital raised their price target on Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. boosted their price objective on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Finally, Barclays raised their target price on Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $172.34.

Insider Buying and Selling

In other Williams-Sonoma news, CEO Laura Alber sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total value of $9,349,200.00. Following the sale, the chief executive officer now owns 944,666 shares in the company, valued at $196,263,808.16. This represents a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma 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 transaction, the chief financial officer now owns 46,388 shares of the company’s stock, valued at $8,228,767.32. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

About Williams-Sonoma

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.