Money Concepts Capital Corp Takes $225,000 Position in Williams-Sonoma, Inc. (NYSE:WSM)

Money Concepts Capital Corp purchased a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,217 shares of the specialty retailer's stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also made changes to their positions in WSM. Stratos Wealth Partners LTD. purchased a new position in Williams-Sonoma during the fourth quarter worth $416,000. E. Ohman J or Asset Management AB grew its holdings in shares of Williams-Sonoma by 18.5% during the fourth quarter. E. Ohman J or Asset Management AB now owns 6,400 shares of the specialty retailer's stock worth $1,185,000 after buying an additional 1,000 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new position in shares of Williams-Sonoma in the fourth quarter valued at approximately $104,000. Trust Point Inc. lifted its stake in shares of Williams-Sonoma by 46.6% during the fourth quarter. Trust Point Inc. now owns 3,969 shares of the specialty retailer's stock valued at $735,000 after buying an additional 1,262 shares during the period. Finally, Resonant Capital Advisors LLC boosted its position in Williams-Sonoma by 1.6% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer's stock worth $643,000 after acquiring an additional 56 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Williams-Sonoma Stock Up 1.0 %

NYSE WSM traded up $2.16 on Monday, hitting $209.40. The stock had a trading volume of 254,340 shares, compared to its average volume of 1,269,675. The company's 50-day moving average is $196.39 and its two-hundred day moving average is $162.00. Williams-Sonoma, Inc. has a one year low of $108.19 and a one year high of $219.98. The stock has a market cap of $25.78 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 2.91 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. Stockholders of record on Friday, January 17th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, January 17th. Williams-Sonoma's dividend payout ratio (DPR) is 26.97%.

Insider Activity at Williams-Sonoma

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 transaction of $560,552.40. Following the completion of the transaction, the chief financial officer now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Laura Alber sold 45,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were 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 $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,160 shares of company stock worth $15,129,352 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WSM. TD Cowen upped their target price on Williams-Sonoma from $165.00 to $195.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Morgan Stanley increased their price objective 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. Evercore ISI boosted their target price on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an "in-line" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their price target 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. Finally, The Goldman Sachs Group lifted their price target on shares of Williams-Sonoma from $170.00 to $224.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $172.34.

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.