Concord Asset Management LLC VA Trims Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Concord Asset Management LLC VA cut 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 Securities and Exchange Commission. The fund owned 24,690 shares of the specialty retailer’s stock after selling 1,438 shares during the period. Williams-Sonoma accounts for about 1.0% of Concord Asset Management LLC VA’s holdings, making the stock its 25th biggest position. Concord Asset Management LLC VA’s holdings in Williams-Sonoma were worth $4,572,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Smithfield Trust Co raised its stake 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 last quarter. Cassady Schiller Wealth Management LLC raised its position in Williams-Sonoma by 100.0% during 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 acquired a new stake in shares of Williams-Sonoma in the 3rd quarter worth $28,000. Clean Yield Group purchased a new stake in shares of Williams-Sonoma in the third quarter valued at about $30,000. Finally, HM Payson & Co. raised its holdings in Williams-Sonoma by 100.0% during the third quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of the business’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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the 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 directly owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,160 shares of company stock valued at $15,129,352. Insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Performance

Shares of WSM opened at $211.39 on Friday. Williams-Sonoma, Inc. has a 1 year low of $95.76 and a 1 year high of $219.98. The company’s 50 day simple moving average is $192.12 and its 200 day simple moving average is $159.55. The company has a market capitalization of $26.02 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 3.05 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be given 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 1.08%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 26.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WSM shares. Barclays lifted their price objective on Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. Evercore ISI upped their price objective on Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a report on Thursday, November 21st. Citigroup reduced their target price on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company raised their price objective on shares of Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $172.34.

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.