Consolidated Planning Corp Has $1.86 Million Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Consolidated Planning Corp increased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 155.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,029 shares of the specialty retailer's stock after purchasing 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 institutional investors have also recently modified their holdings of WSM. Smithfield Trust Co raised its holdings in Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Cassady Schiller Wealth Management LLC raised its holdings in Williams-Sonoma by 100.0% in the 3rd 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 last quarter. Brooklyn Investment Group acquired a new position in Williams-Sonoma in the 3rd quarter valued at $28,000. HM Payson & Co. raised its holdings in Williams-Sonoma by 100.0% in the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer's stock valued at $31,000 after acquiring an additional 100 shares during the last quarter. Finally, Sittner & Nelson LLC raised its holdings in Williams-Sonoma by 100.0% in the 3rd quarter. Sittner & Nelson LLC now owns 200 shares of the specialty retailer's stock valued at $31,000 after acquiring an additional 100 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock traded up $7.82 during midday trading on Friday, reaching $214.88. 1,126,836 shares of the company's stock traded hands, compared to its average volume of 1,216,403. Williams-Sonoma, Inc. has a 52 week low of $108.74 and a 52 week high of $219.98. The company's 50 day simple moving average is $198.86 and its 200 day simple moving average is $163.90. The company has a market cap of $26.45 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 2.91 and a beta of 1.79.

Williams-Sonoma Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.06%. Williams-Sonoma's payout ratio is 26.97%.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 45,000 shares of the company's stock in a transaction that occurred on 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 owns 944,666 shares of the company's stock, valued at approximately $196,263,808.16. This represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey Howie sold 3,160 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction 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. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on WSM. Telsey Advisory Group boosted their price target on Williams-Sonoma from $165.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their price objective on shares of Williams-Sonoma from $194.00 to $226.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. TD Cowen boosted their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Royal Bank of Canada boosted their price objective on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Finally, Evercore ISI boosted their price objective on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an "in-line" rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $172.34.

Williams-Sonoma Company Profile

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.