Atomi Financial Group Inc. Acquires 104 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Atomi Financial Group Inc. increased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,540 shares of the specialty retailer’s stock after acquiring an additional 104 shares during the quarter. Atomi Financial Group Inc.’s holdings in Williams-Sonoma were worth $285,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Toronto Dominion Bank purchased a new position in shares of Williams-Sonoma in the second quarter valued at $1,652,000. MBB Public Markets I LLC lifted its holdings in Williams-Sonoma by 33.0% in the second quarter. MBB Public Markets I LLC now owns 4,289 shares of the specialty retailer’s stock worth $1,211,000 after buying an additional 1,065 shares during the period. The Manufacturers Life Insurance Company lifted its position in Williams-Sonoma by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 53,835 shares of the specialty retailer’s stock valued at $15,201,000 after acquiring an additional 460 shares during the period. Mackenzie Financial Corp bought a new position in shares of Williams-Sonoma during the second quarter valued at $927,000. Finally, Kathmere Capital Management LLC bought a new position in Williams-Sonoma in the 2nd quarter valued at approximately $340,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Stock Up 1.0 %

Shares of NYSE WSM opened at $213.91 on Monday. Williams-Sonoma, Inc. has a 52-week low of $95.76 and a 52-week high of $214.42. The firm has a market cap of $26.33 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 3.21 and a beta of 1.79. The company’s 50-day simple moving average is $187.30 and its 200-day simple moving average is $157.86.

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s payout ratio is currently 26.97%.

Insider Activity at Williams-Sonoma

In other news, CEO Laura Alber sold 45,000 shares of Williams-Sonoma stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total value of $9,349,200.00. Following the transaction, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at $196,263,808.16. The trade was a 4.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction that occurred on Monday, December 2nd. The shares were 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 owns 46,388 shares in the company, valued at $8,228,767.32. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,160 shares of company stock worth $15,129,352. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WSM shares. Evercore ISI raised their target price on Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research report on Thursday, November 21st. Morgan Stanley raised their price objective on shares of Williams-Sonoma from $170.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Loop Capital lifted their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Finally, Barclays raised their price target on shares of Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $163.16.

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.