Kathmere Capital Management LLC Sells 237 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Kathmere Capital Management LLC trimmed its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,540 shares of the specialty retailer’s stock after selling 237 shares during the period. Kathmere Capital Management LLC’s holdings in Williams-Sonoma were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Smithfield Trust Co raised its stake in Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 80 shares during the last quarter. Quest Partners LLC purchased a new stake in Williams-Sonoma during the second quarter valued at $26,000. Cassady Schiller Wealth Management LLC lifted its holdings in Williams-Sonoma by 100.0% in the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 83 shares during the period. Brooklyn Investment Group purchased a new position in Williams-Sonoma in the third quarter worth about $28,000. Finally, Clean Yield Group bought a new stake in shares of Williams-Sonoma during the 3rd quarter valued at about $30,000. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

Shares of WSM opened at $199.22 on Friday. Williams-Sonoma, Inc. has a 1 year low of $95.76 and a 1 year high of $200.85. The company has a 50 day simple moving average of $177.84 and a two-hundred day simple moving average of $154.89. The firm has a market cap of $24.52 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 3.00 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be issued 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 yield of 1.14%. Williams-Sonoma’s dividend payout ratio is currently 26.97%.

Insiders Place Their Bets

In related 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $130.49, for a total value of $5,219,600.00. Following the transaction, the chief executive officer now owns 990,956 shares of the company’s stock, valued at $129,309,848.44. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

WSM has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective 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. Barclays increased their price target on shares of Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Wells Fargo & Company boosted 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 report on Monday, January 6th. Telsey Advisory Group raised their target price on Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Citigroup cut their price target on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $160.03.

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.