Fulton Bank N.A. Raises Position in Williams-Sonoma, Inc. (NYSE:WSM)

Fulton Bank N.A. raised its position in Williams-Sonoma, Inc. (NYSE:WSM) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,923 shares of the specialty retailer’s stock after buying an additional 455 shares during the period. Fulton Bank N.A.’s holdings in Williams-Sonoma were worth $2,208,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Williams-Sonoma during the second quarter worth approximately $26,000. Smithfield Trust Co grew its holdings in shares of Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC raised its position in shares of Williams-Sonoma by 100.0% in the third 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. Brooklyn Investment Group purchased a new position in shares of Williams-Sonoma in the third quarter worth about $28,000. Finally, Clean Yield Group acquired a new position in Williams-Sonoma during the third quarter worth about $30,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Williams-Sonoma Stock Down 0.4 %

Shares of NYSE WSM opened at $194.53 on Thursday. The business’s 50 day moving average is $170.29 and its two-hundred day moving average is $152.88. Williams-Sonoma, Inc. has a 52-week low of $95.76 and a 52-week high of $200.56. The firm has a market cap of $23.95 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.98 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s payout ratio is 26.98%.

Wall Street Analyst Weigh In

A number of analysts have commented on WSM shares. Jefferies Financial Group increased their price objective on shares of Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. TD Cowen lifted their price objective on Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Telsey Advisory Group boosted 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. JPMorgan Chase & Co. raised their target price on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Finally, Citigroup lowered their price target on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $160.03.

Insider Activity at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction 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 transaction, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $8,228,767.32. This trade represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $130.49, for a total value of $5,219,600.00. Following the transaction, the chief executive officer now directly owns 990,956 shares of the company’s stock, valued at $129,309,848.44. The trade was a 3.88 % 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 company 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.