Truist Financial Corp Boosts Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Truist Financial Corp lifted its position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,176 shares of the specialty retailer's stock after acquiring an additional 11,058 shares during the period. Truist Financial Corp owned about 0.28% of Williams-Sonoma worth $62,994,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Alpha Financial Partners LLC acquired a new stake in shares of Williams-Sonoma in the 3rd quarter valued at $216,000. CWM LLC increased its stake in Williams-Sonoma by 107.5% in the third quarter. CWM LLC now owns 2,459 shares of the specialty retailer's stock valued at $381,000 after acquiring an additional 1,274 shares during the period. Creative Planning grew its position in Williams-Sonoma by 129.6% in the third quarter. Creative Planning now owns 29,056 shares of the specialty retailer's stock valued at $4,501,000 after acquiring an additional 16,401 shares during the period. Vontobel Holding Ltd. lifted its holdings in Williams-Sonoma by 220.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,887 shares of the specialty retailer's stock valued at $1,067,000 after purchasing an additional 4,738 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in shares of Williams-Sonoma by 123.5% during the third quarter. Bleakley Financial Group LLC now owns 2,304 shares of the specialty retailer's stock worth $357,000 after purchasing an additional 1,273 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Williams-Sonoma Stock Down 6.8 %

Shares of Williams-Sonoma stock traded down $14.30 on Friday, hitting $195.03. The stock had a trading volume of 1,702,748 shares, compared to its average volume of 1,281,432. Williams-Sonoma, Inc. has a one year low of $110.93 and a one year high of $219.98. The stock's 50-day simple moving average is $200.79 and its two-hundred day simple moving average is $165.64. The stock has a market cap of $24.01 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.95 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. Investors of record on Friday, January 17th will be issued a dividend of $0.57 per share. 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 1.17%. Williams-Sonoma's dividend payout ratio is presently 26.97%.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 45,000 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now directly owns 944,666 shares of the company's stock, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chief financial officer now directly owns 46,388 shares of the company's stock, valued at approximately $8,228,767.32. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WSM. Jefferies Financial Group raised 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. Citigroup reduced their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Evercore ISI raised 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. lifted their price target on Williams-Sonoma from $136.00 to $145.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley lifted their price target on Williams-Sonoma from $170.00 to $195.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.