SVB Wealth LLC Buys New Position in Williams-Sonoma, Inc. (NYSE:WSM)

SVB Wealth LLC acquired a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,424 shares of the specialty retailer's stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WSM. International Assets Investment Management LLC raised its holdings in Williams-Sonoma by 30,883.3% during the third quarter. International Assets Investment Management LLC now owns 1,859 shares of the specialty retailer's stock worth $288,000 after purchasing an additional 1,853 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Williams-Sonoma by 358.9% during the third quarter. Farther Finance Advisors LLC now owns 2,900 shares of the specialty retailer's stock worth $449,000 after acquiring an additional 2,268 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Williams-Sonoma by 32.9% during the third quarter. Janney Montgomery Scott LLC now owns 6,112 shares of the specialty retailer's stock worth $947,000 after acquiring an additional 1,513 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Williams-Sonoma by 122.4% during the third quarter. Van ECK Associates Corp now owns 32,345 shares of the specialty retailer's stock worth $5,011,000 after acquiring an additional 17,801 shares during the last quarter. Finally, National Pension Service grew its position in shares of Williams-Sonoma by 212.4% during the third quarter. National Pension Service now owns 313,335 shares of the specialty retailer's stock worth $48,542,000 after acquiring an additional 213,035 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently issued reports on WSM. Citigroup lowered their target price on shares of Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company raised their target price on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Wedbush restated a "neutral" rating and set a $190.00 target price (up from $175.00) on shares of Williams-Sonoma in a research report on Friday, February 28th. JPMorgan Chase & Co. raised their target price on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada raised their target price on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $173.28.

Williams-Sonoma Stock Performance

Williams-Sonoma stock traded up $6.40 during midday trading on Friday, reaching $188.83. The company's stock had a trading volume of 2,219,844 shares, compared to its average volume of 1,854,918. Williams-Sonoma, Inc. has a fifty-two week low of $117.13 and a fifty-two week high of $219.98. The stock's 50 day simple moving average is $201.32 and its 200 day simple moving average is $169.81. The firm has a market capitalization of $23.24 billion, a PE ratio of 22.33, a P/E/G ratio of 2.89 and a beta of 1.82.

Williams-Sonoma Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 17th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, January 17th. Williams-Sonoma's dividend payout ratio (DPR) is currently 26.98%.

Insider Transactions at Williams-Sonoma

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 transaction of $273,602.56. Following the completion of the transaction, the chief financial officer now owns 46,388 shares of the company's stock, valued at $9,014,116.16. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 45,000 shares of Williams-Sonoma 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 directly owns 944,666 shares of the company's stock, valued at $196,263,808.16. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

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.