Barclays Upgrades Rating On Whole Foods Market, Inc. (WFM)

Barclays Upgrades Rating On Whole Foods Market, Inc. (WFM)

Barclays Upgrades Rating On Whole Foods Market, Inc. (WFM)

More notable recent Whole Foods Market, Inc.

COPYRIGHT VIOLATION WARNING: "Loop Capital Begins Coverage on Whole Foods Market, Inc". Hedge funds and other institutional investors own 91.41% of the company's stock. More interesting news about Whole Foods Market, Inc. 1st Global Advisors Inc. now owns 17,098 shares of the company's stock worth $508,000 after buying an additional 3,169 shares during the period. CAPROCK Group Inc. boosted its stake in Whole Foods Market by 1.7% in the first quarter. Company insiders own 1.30% of the company's stock. Clifford Swan Investment Counsel LLC raised its stake in shares of Whole Foods Market by 20.1% in the first quarter. SRB Corp now owns 5,033 shares of the company's stock worth $143,000 after buying an additional 552 shares during the last quarter. Finally, Alambic Investment Management L.P. purchased a new stake in shares of Whole Foods Market during the first quarter worth $421,000. As of the last earnings report the EPS was $1.26 and is projected to be $1.31 for the current year with 319,564,000 shares outstanding.

Whole Foods Market (NASDAQ:WFM) traded up 29.10% during mid-day trading on Monday, reaching $42.68. 128,832,883 shares of the company were exchanged.

Whole Foods Market, Inc., launched on August 15, 1978, is involved in the business of natural and organic foods supermarket.

The P/E ratio is now 33.64 and the market value is 13.50B. The firm's 50-day moving average is $35.92 and its 200 day moving average is $32.14. In addition, someone acquired 5,000 WFM $34 November strike calls for $3.40 to $3.45 on April. 18. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Whole Foods Market had a net margin of 2.54% and a return on equity of 13.72%. The company had revenue of $3.74 million for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the company posted $0.44 EPS. The company's revenue for the quarter was down 99.9% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be given a dividend of $0.18 per share. This dividend amount will represent a yeild of $2.04. The rating was upgraded by Credit Suisse to "Outperform" on Wednesday, June 1. This is a positive change from Whole Foods Market's previous quarterly dividend of $0.14. Whole Foods Market's dividend payout ratio (DPR) is now 44.44%.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Markets Daily and is owned by of Markets Daily. The correct version of this news story can be accessed at https://www.themarketsdaily.com/2017/06/16/whole-foods-market-inc-wfm-shares-bought-by-envestnet-asset-management-inc-updated-updated.html.

Several other research analysts also recently weighed in on the stock. Whole Foods Market has a consensus rating of "Hold" and a consensus target price of $33.01. Zacks Investment Research lowered Whole Foods Market from a hold rating to a sell rating in a research report on Friday, January 20th. Telsey Advisory Group maintained it with "Market Perform" rating and $40 target in Thursday, July 30 report. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. Whole Foods Market presently has a consensus rating of "Hold" and an average target price of $34.30. (NASDAQ:WFM) news were published by: Chicagotribune.com which released: "Whole Foods CEO says "greedy" investor wants to force sale" on June 14, 2017, also Latimes.com with their article: "Amazon is buying Whole Foods Market in $13.7-billion deal" published on June 16, 2017, Bizjournals.com published: "Whole Foods sues Glover Park landlord after closing to address infestation problem" on June 12, 2017. The shares were sold at an average price of $27.52, for a total transaction of $399,095.04. Following the sale, the insider now owns 5,746 shares of the company's stock, valued at approximately $158,129.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

In other news, insider Laura A. Derba sold 2,200 shares of the firm's stock in a transaction on Tuesday, May 16th.

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