Assetmark Inc. Reduces Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Assetmark Inc. cut its position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 413,916 shares of the specialty retailer's stock after selling 5,260 shares during the period. Assetmark Inc. owned approximately 0.34% of Williams-Sonoma worth $76,649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its stake 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 purchasing an additional 3,695,837 shares during the last quarter. State Street Corp lifted its stake 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 purchasing an additional 2,777,339 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 purchasing an additional 1,393,436 shares during the last quarter. Pacer Advisors Inc. lifted its stake 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 purchasing an additional 1,145,410 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Williams-Sonoma by 324.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,036,256 shares of the specialty retailer's stock valued at $160,537,000 after purchasing an additional 792,068 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

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Insider Activity

In other news, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $194.32, for a total value of $273,602.56. Following the transaction, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $9,014,116.16. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total value of $9,349,200.00. Following the transaction, the chief executive officer now owns 944,666 shares in the company, 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. Company insiders own 1.50% of the company's stock.

Williams-Sonoma Stock Performance

WSM traded up $6.40 during trading on Friday, hitting $188.83. 2,219,844 shares of the stock were exchanged, compared to its average volume of 1,865,735. The firm has a 50 day simple moving average of $201.32 and a 200 day simple moving average of $169.59. The firm has a market cap of $23.24 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.89 and a beta of 1.82. Williams-Sonoma, Inc. has a 1 year low of $117.13 and a 1 year high of $219.98.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 17th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.21%. Williams-Sonoma's dividend payout ratio is presently 26.98%.

Analysts Set New Price Targets

WSM has been the subject of several analyst reports. Citigroup lowered their price objective on Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Jefferies Financial Group raised their price target on Williams-Sonoma from $194.00 to $226.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Gordon Haskett raised Williams-Sonoma to a "hold" rating in a research note on Thursday, February 13th. Loop Capital raised their price target on Williams-Sonoma from $145.00 to $180.00 and gave the stock a "hold" rating in a research note on Thursday, November 21st. Finally, Morgan Stanley raised their price target on Williams-Sonoma from $170.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Williams-Sonoma has a consensus rating of "Hold" and a consensus price target of $173.28.

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.