Parsons Capital Management Inc. RI Sells 1,068 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Parsons Capital Management Inc. RI reduced its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,962 shares of the specialty retailer’s stock after selling 1,068 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Williams-Sonoma were worth $3,141,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Smithfield Trust Co grew 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 valued at $25,000 after purchasing an additional 80 shares during the last quarter. Cassady Schiller Wealth Management LLC grew its stake in shares of Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Brooklyn Investment Group bought a new position in Williams-Sonoma in the third quarter valued at approximately $28,000. Clean Yield Group bought a new position in Williams-Sonoma in the third quarter valued at approximately $30,000. Finally, HM Payson & Co. boosted its stake in Williams-Sonoma by 100.0% in the third quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 100 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction 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 approximately $8,228,767.32. The trade was a 6.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the transaction, the chief executive officer now directly owns 990,956 shares of the company’s stock, valued at approximately $129,309,848.44. This trade represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,160 shares of company stock worth $15,129,352. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Loop Capital raised their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. TD Cowen increased their target price on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Wedbush increased their target price on shares of Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Morgan Stanley increased their target price 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. Finally, Evercore ISI increased their target price on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a report on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $163.16.

Williams-Sonoma Trading Down 1.5 %

Shares of WSM stock opened at $210.35 on Monday. Williams-Sonoma, Inc. has a 1 year low of $95.76 and a 1 year high of $214.42. The firm’s fifty day moving average price is $187.30 and its two-hundred day moving average price is $157.86. The firm has a market capitalization of $25.89 billion, a P/E ratio of 24.85, a PEG ratio of 3.21 and a beta of 1.79.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be paid a $0.57 dividend. 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 payout ratio is currently 26.97%.

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.