Consolidated Planning Corp Purchases 6,110 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Consolidated Planning Corp lifted its position in Williams-Sonoma, Inc. (NYSE:WSM) by 155.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,029 shares of the specialty retailer’s stock after buying an additional 6,110 shares during the period. Consolidated Planning Corp’s holdings in Williams-Sonoma were worth $1,857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Resonant Capital Advisors LLC lifted its stake in shares of Williams-Sonoma by 1.6% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer’s stock worth $643,000 after buying an additional 56 shares in the last quarter. Westmount Partners LLC lifted its position in Williams-Sonoma by 1.0% during the fourth quarter. Westmount Partners LLC now owns 6,242 shares of the specialty retailer’s stock valued at $1,156,000 after purchasing an additional 59 shares during the period. Smithfield Trust Co lifted its position in 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 period. Diversify Advisory Services LLC lifted its position in Williams-Sonoma by 2.6% during the third quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock valued at $500,000 after purchasing an additional 81 shares during the period. Finally, Cassady Schiller Wealth Management LLC lifted its position 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 valued at $26,000 after purchasing an additional 83 shares during the period. Institutional investors own 99.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WSM. TD Cowen increased their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Royal Bank of Canada increased their price objective on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Barclays increased their price objective on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a research report 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 company a “buy” rating in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $172.34.

Insider Transactions at Williams-Sonoma

In other news, CFO Jeffrey Howie sold 3,160 shares of the 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 completion of the sale, the chief financial officer now directly owns 46,388 shares of the company’s stock, 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 stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,160 shares of company stock valued at $15,129,352 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Williams-Sonoma Price Performance

Shares of NYSE WSM opened at $203.82 on Thursday. The firm has a fifty day moving average price of $197.52 and a 200-day moving average price of $162.78. The stock has a market cap of $25.09 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 2.91 and a beta of 1.79. Williams-Sonoma, Inc. has a 1 year low of $108.19 and a 1 year high of $219.98.

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.12%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 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.