Atria Wealth Solutions Inc. Increases Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Atria Wealth Solutions Inc. boosted its position in Williams-Sonoma, Inc. (NYSE:WSM) by 85.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,671 shares of the specialty retailer’s stock after acquiring an additional 1,228 shares during the period. Atria Wealth Solutions Inc.’s holdings in Williams-Sonoma were worth $495,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Williams-Sonoma by 72.7% during the third quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock worth $1,360,384,000 after purchasing an additional 3,695,837 shares during the period. State Street Corp lifted its holdings in Williams-Sonoma by 108.8% in the 3rd quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock worth $825,588,000 after buying an additional 2,777,339 shares during the period. Geode Capital Management LLC grew its position in shares of Williams-Sonoma by 107.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock worth $418,223,000 after buying an additional 1,393,436 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Williams-Sonoma by 118.7% during the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock valued at $326,931,000 after buying an additional 1,145,410 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Williams-Sonoma by 104.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,105,336 shares of the specialty retailer’s stock valued at $171,239,000 after acquiring an additional 565,745 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Buying and Selling

In other Williams-Sonoma news, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction of $560,552.40. Following the sale, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Williams-Sonoma Stock Performance

NYSE:WSM opened at $192.16 on Friday. The firm has a market cap of $23.65 billion, a P/E ratio of 22.73, a P/E/G ratio of 2.89 and a beta of 1.79. Williams-Sonoma, Inc. has a fifty-two week low of $115.41 and a fifty-two week high of $219.98. The firm has a 50-day simple moving average of $201.24 and a two-hundred day simple moving average of $167.62.

Williams-Sonoma Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, January 17th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, January 17th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 26.98%.

Analyst Ratings Changes

Several research firms recently weighed in on WSM. Barclays lifted their price target on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. Morgan Stanley lifted their target price on shares of Williams-Sonoma from $170.00 to $195.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Loop Capital increased their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. lifted their price objective on Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Finally, Telsey Advisory Group increased their target price on Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and a consensus price target of $172.34.

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.