Spectrum Wealth Counsel LLC Sells 251 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Spectrum Wealth Counsel LLC lowered its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 1.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 25,561 shares of the specialty retailer’s stock after selling 251 shares during the quarter. Spectrum Wealth Counsel LLC’s holdings in Williams-Sonoma were worth $4,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in WSM. Private Advisor Group LLC increased its stake in shares of Williams-Sonoma by 94.6% during the third quarter. Private Advisor Group LLC now owns 7,389 shares of the specialty retailer’s stock worth $1,145,000 after purchasing an additional 3,592 shares during the period. International Assets Investment Management LLC increased its stake in Williams-Sonoma by 30,883.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,859 shares of the specialty retailer’s stock worth $288,000 after acquiring an additional 1,853 shares during the period. Assenagon Asset Management S.A. increased its stake in Williams-Sonoma by 141.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,896 shares of the specialty retailer’s stock worth $1,378,000 after acquiring an additional 5,212 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Williams-Sonoma by 109.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,702 shares of the specialty retailer’s stock worth $726,000 after acquiring an additional 2,454 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Williams-Sonoma by 101.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 25,865 shares of the specialty retailer’s stock worth $4,007,000 after acquiring an additional 13,054 shares during the period. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Trading Up 1.0 %

WSM stock opened at $194.23 on Friday. The stock has a 50-day moving average price of $201.46 and a 200-day moving average price of $168.00. Williams-Sonoma, Inc. has a 1-year low of $115.79 and a 1-year high of $219.98. The firm has a market cap of $23.91 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 2.89 and a beta of 1.79.

Williams-Sonoma Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 17th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, January 17th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 26.98%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Evercore ISI raised their price objective on Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research note on Thursday, November 21st. The Goldman Sachs Group raised their target price on Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. TD Cowen raised their target price on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Wells Fargo & Company raised their target price on Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Finally, Morgan Stanley raised their target price on Williams-Sonoma from $170.00 to $195.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $173.28.

Insider Transactions at Williams-Sonoma

In other news, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction dated 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 of the company’s stock, valued at approximately $8,228,767.32. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,568 shares of company stock valued at $10,183,355. Corporate insiders own 1.50% of the company’s stock.

Williams-Sonoma 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.