Kestra Investment Management LLC Has $590,000 Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Kestra Investment Management LLC lessened its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,184 shares of the specialty retailer’s stock after selling 194 shares during the quarter. Kestra Investment Management LLC’s holdings in Williams-Sonoma were worth $590,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of Williams-Sonoma by 72.7% in the 3rd quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock valued at $1,360,384,000 after buying an additional 3,695,837 shares during the last quarter. State Street Corp boosted its holdings in shares of Williams-Sonoma by 108.8% in the 3rd quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock valued at $825,588,000 after buying an additional 2,777,339 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Williams-Sonoma by 107.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock valued at $418,223,000 after buying an additional 1,393,436 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Williams-Sonoma by 118.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock valued at $326,931,000 after buying an additional 1,145,410 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Williams-Sonoma by 104.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,105,336 shares of the specialty retailer’s stock valued at $171,239,000 after acquiring an additional 565,745 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WSM. TD Cowen increased their price target on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wedbush increased their price target on Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Barclays increased their price target on Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Morgan Stanley increased their price target on Williams-Sonoma from $170.00 to $195.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Telsey Advisory Group increased their price target on Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Two investment 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $172.34.

Williams-Sonoma Stock Performance

Shares of NYSE WSM opened at $217.56 on Wednesday. Williams-Sonoma, Inc. has a 52 week low of $108.74 and a 52 week high of $219.98. The stock has a market capitalization of $26.78 billion, a P/E ratio of 25.73, a PEG ratio of 2.96 and a beta of 1.79. The stock’s fifty day moving average is $199.36 and its 200 day moving average is $164.45.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s payout ratio is currently 26.97%.

Insider Buying and Selling

In related news, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was 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 of the company’s stock, valued at $8,228,767.32. This trade represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Laura Alber sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total value of $9,349,200.00. Following the completion of the sale, the chief executive officer now directly owns 944,666 shares in the company, valued at $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. 1.50% of the stock is owned by company insiders.

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.