Williams-Sonoma, Inc. (NYSE:WSM) is Carolina Wealth Advisors LLC’s 6th Largest Position

Carolina Wealth Advisors LLC cut its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,568 shares of the specialty retailer’s stock after selling 673 shares during the quarter. Williams-Sonoma comprises approximately 3.9% of Carolina Wealth Advisors LLC’s portfolio, making the stock its 6th biggest position. Carolina Wealth Advisors LLC’s holdings in Williams-Sonoma were worth $7,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of WSM. Smithfield Trust Co boosted its stake in 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 purchasing an additional 80 shares during the last quarter. Quest Partners LLC bought a new stake in Williams-Sonoma in the 2nd quarter worth about $26,000. Cassady Schiller Wealth Management LLC raised its position in Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after buying an additional 83 shares during the last quarter. Brooklyn Investment Group bought a new position in Williams-Sonoma during the 3rd quarter valued at about $28,000. Finally, Clean Yield Group bought a new position in Williams-Sonoma during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

NYSE WSM opened at $198.27 on Thursday. Williams-Sonoma, Inc. has a 1-year low of $95.76 and a 1-year high of $200.56. The business has a 50 day simple moving average of $176.53 and a two-hundred day simple moving average of $154.58. The stock has a market capitalization of $24.41 billion, a PE ratio of 23.45, a P/E/G ratio of 3.00 and a beta of 1.79.

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 annualized dividend and a yield of 1.15%. Williams-Sonoma’s payout ratio is currently 26.97%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Telsey Advisory Group boosted their target price on shares of Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Loop Capital upped their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Evercore ISI raised their price objective on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a report on Thursday, November 21st. Wedbush lifted their price target on shares of Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company upped their price objective on Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $160.03.

Insider Buying and Selling at Williams-Sonoma

In other news, CFO Jeffrey Howie sold 3,160 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total transaction of $560,552.40. Following the transaction, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the sale, the chief executive officer now directly owns 990,956 shares of the company’s stock, valued at $129,309,848.44. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

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.