Linscomb Wealth Inc. Reduces Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Linscomb Wealth Inc. reduced its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 2.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 118,959 shares of the specialty retailer’s stock after selling 2,586 shares during the quarter. Williams-Sonoma makes up 1.1% of Linscomb Wealth Inc.’s portfolio, making the stock its 15th biggest holding. Linscomb Wealth Inc.’s holdings in Williams-Sonoma were worth $22,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Smithfield Trust Co raised its position in shares of 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 buying an additional 80 shares during the period. Cassady Schiller Wealth Management LLC increased its stake in Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 83 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Williams-Sonoma in the third quarter valued at $28,000. HM Payson & Co. lifted its stake 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 purchasing an additional 100 shares during the last quarter. Finally, Sittner & Nelson LLC grew its holdings in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Sittner & Nelson LLC now owns 200 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 100 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of the 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 transaction, the chief financial officer now directly owns 46,388 shares in the company, valued at $8,228,767.32. This represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $196,263,808.16. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Down 3.1 %

Shares of NYSE:WSM opened at $192.16 on Friday. Williams-Sonoma, Inc. has a fifty-two week low of $115.41 and a fifty-two week high of $219.98. The firm’s 50 day moving average price is $201.24 and its 200 day moving average price is $167.62. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 2.89 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on WSM shares. Gordon Haskett upgraded shares of Williams-Sonoma to a “hold” rating in a report on Thursday, February 13th. Barclays boosted their price target on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group increased their price objective on shares of Williams-Sonoma from $194.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. upped their price target on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley raised their price target on Williams-Sonoma from $170.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and an average target price 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.