Glenmede Trust Co. NA Purchases 143,341 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Glenmede Trust Co. NA raised its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 129.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,394 shares of the specialty retailer’s stock after purchasing an additional 143,341 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.20% of Williams-Sonoma worth $39,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WSM. FMR LLC lifted its stake in shares of Williams-Sonoma by 72.7% during 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. Pacer Advisors Inc. boosted 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 worth $326,931,000 after acquiring an additional 1,145,410 shares during the period. Principal Financial Group Inc. grew its position in shares of Williams-Sonoma by 84.5% in the third quarter. Principal Financial Group Inc. now owns 1,020,489 shares of the specialty retailer’s stock valued at $158,085,000 after purchasing an additional 467,407 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Williams-Sonoma by 98.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,355 shares of the specialty retailer’s stock valued at $129,103,000 after purchasing an additional 413,226 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Williams-Sonoma by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 823,692 shares of the specialty retailer’s stock worth $232,613,000 after purchasing an additional 43,607 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Stock Down 2.1 %

Shares of NYSE:WSM opened at $174.10 on Wednesday. The stock has a market cap of $21.43 billion, a PE ratio of 20.59, a PEG ratio of 2.71 and a beta of 1.76. The company’s fifty day moving average is $144.82 and its 200 day moving average is $145.01. Williams-Sonoma, Inc. has a 52 week low of $90.87 and a 52 week high of $181.42.

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 18th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.31%. Williams-Sonoma’s dividend payout ratio is currently 26.97%.

Insider Activity

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction that occurred 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WSM has been the subject of a number of recent analyst reports. Jefferies Financial Group raised Williams-Sonoma from a “hold” rating to a “buy” rating and lifted their target price for the company from $148.00 to $156.00 in a report on Wednesday, September 11th. JPMorgan Chase & Co. upped their target price on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Citigroup cut their price target on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Robert W. Baird decreased their price target on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Finally, Royal Bank of Canada increased their price objective on Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $154.41.

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.