CapWealth Advisors LLC Has $5.59 Million Position in Williams-Sonoma, Inc. (NYSE:WSM)

CapWealth Advisors LLC lessened its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 30,205 shares of the specialty retailer’s stock after selling 145 shares during the period. CapWealth Advisors LLC’s holdings in Williams-Sonoma were worth $5,593,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WSM. Alpha Financial Partners LLC bought a new stake in shares of Williams-Sonoma in the third quarter valued at approximately $216,000. CWM LLC lifted its stake in shares of Williams-Sonoma by 107.5% in the third quarter. CWM LLC now owns 2,459 shares of the specialty retailer’s stock valued at $381,000 after buying an additional 1,274 shares during the period. Exchange Traded Concepts LLC grew its position in Williams-Sonoma by 331.4% during the third quarter. Exchange Traded Concepts LLC now owns 3,512 shares of the specialty retailer’s stock worth $544,000 after buying an additional 2,698 shares in the last quarter. Creative Planning increased its stake in Williams-Sonoma by 129.6% during the third quarter. Creative Planning now owns 29,056 shares of the specialty retailer’s stock valued at $4,501,000 after acquiring an additional 16,401 shares during the period. Finally, Asset Dedication LLC raised its holdings in Williams-Sonoma by 100.0% in the 3rd quarter. Asset Dedication LLC now owns 800 shares of the specialty retailer’s stock valued at $124,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on WSM. Barclays upped their target price on Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Citigroup decreased their target price on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Evercore ISI increased their price target on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research report on Thursday, November 21st. The Goldman Sachs Group lifted their price objective on Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, Loop Capital raised their target price on Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $172.34.

Insider Activity at Williams-Sonoma

In related 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 sale, the chief financial officer now directly owns 46,388 shares in the company, valued at $8,228,767.32. This trade represents a 6.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the transaction, the chief executive officer now owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Williams-Sonoma Trading Up 3.8 %

Shares of NYSE:WSM opened at $214.88 on Friday. Williams-Sonoma, Inc. has a 1-year low of $108.74 and a 1-year high of $219.98. The stock has a market capitalization of $26.45 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.91 and a beta of 1.79. The business has a 50-day moving average price of $198.34 and a two-hundred day moving average price of $163.37.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s dividend payout ratio (DPR) is 26.97%.

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.