Concord Asset Management LLC VA Decreases Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Concord Asset Management LLC VA trimmed its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,690 shares of the specialty retailer’s stock after selling 1,438 shares during the quarter. Williams-Sonoma accounts for about 1.0% of Concord Asset Management LLC VA’s investment portfolio, making the stock its 25th biggest position. Concord Asset Management LLC VA’s holdings in Williams-Sonoma were worth $4,572,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Westmount Partners LLC raised its stake in shares of Williams-Sonoma by 1.0% in the 4th quarter. Westmount Partners LLC now owns 6,242 shares of the specialty retailer’s stock valued at $1,156,000 after purchasing an additional 59 shares in the last quarter. Smithfield Trust Co raised its holdings in shares of Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 80 shares during the period. Diversify Advisory Services LLC lifted its position in shares of Williams-Sonoma by 2.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock worth $500,000 after buying an additional 81 shares during the last quarter. Cassady Schiller Wealth Management LLC lifted its position in shares of 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. Finally, HM Payson & Co. boosted its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Stock Down 2.8 %

NYSE:WSM opened at $211.39 on Friday. The business’s 50-day moving average price is $192.12 and its 200 day moving average price is $159.55. Williams-Sonoma, Inc. has a 52-week low of $95.76 and a 52-week high of $219.98. The firm has a market cap of $26.02 billion, a P/E ratio of 25.00, a PEG ratio of 3.05 and a beta of 1.79.

Williams-Sonoma Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be paid a $0.57 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.08%. Williams-Sonoma’s dividend payout ratio is currently 26.97%.

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 transaction of $9,349,200.00. Following the sale, the chief executive officer now owns 944,666 shares in the company, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.39, for a total transaction of $560,552.40. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,160 shares of company stock worth $15,129,352 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WSM has been the topic of a number of recent research reports. The Goldman Sachs Group raised their target price on shares of Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a report on Thursday. Telsey Advisory Group boosted their price objective on Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Evercore ISI increased 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. JPMorgan Chase & Co. boosted their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Finally, Morgan Stanley increased their price objective on shares of Williams-Sonoma from $170.00 to $195.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Williams-Sonoma has a consensus rating of “Hold” and a consensus price target of $172.34.

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.