Trust Point Inc. Acquires 1,262 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Trust Point Inc. boosted its position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 46.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,969 shares of the specialty retailer's stock after purchasing an additional 1,262 shares during the period. Trust Point Inc.'s holdings in Williams-Sonoma were worth $735,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Resonant Capital Advisors LLC grew its holdings in Williams-Sonoma by 1.6% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer's stock valued at $643,000 after purchasing an additional 56 shares in the last quarter. Westmount Partners LLC grew its holdings in Williams-Sonoma by 1.0% during the 4th quarter. Westmount Partners LLC now owns 6,242 shares of the specialty retailer's stock valued at $1,156,000 after purchasing an additional 59 shares in the last quarter. Smithfield Trust Co grew its holdings in Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in Williams-Sonoma by 2.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer's stock valued at $500,000 after purchasing an additional 81 shares in the last quarter. Finally, Cassady Schiller Wealth Management LLC grew its holdings in Williams-Sonoma by 100.0% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Williams-Sonoma Trading Down 1.8 %

NYSE:WSM traded down $3.74 during mid-day trading on Friday, hitting $207.26. The stock had a trading volume of 1,108,988 shares, compared to its average volume of 1,216,403. The stock has a market capitalization of $25.51 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 2.91 and a beta of 1.79. The company has a 50 day simple moving average of $196.39 and a 200-day simple moving average of $161.89. Williams-Sonoma, Inc. has a 52 week low of $103.50 and a 52 week high of $219.98.

Williams-Sonoma Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 annualized dividend and a yield of 1.10%. Williams-Sonoma's payout ratio is 26.97%.

Analysts Set New Price Targets

A number of research analysts have commented on WSM shares. Wedbush increased their price objective on shares of Williams-Sonoma from $135.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, November 21st. Loop Capital increased their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a "hold" rating in a research note on Thursday, November 21st. TD Cowen increased 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. Barclays increased their price objective on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an "underweight" rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada increased 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. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Williams-Sonoma currently has a consensus rating of "Hold" and a consensus price target of $172.34.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.39, for a total value of $560,552.40. Following the completion of the transaction, the chief financial officer now directly owns 46,388 shares in the company, 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 this link. Also, CEO Laura Alber sold 45,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the completion of the transaction, the chief executive officer now 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,160 shares of company stock valued at $15,129,352. Company insiders own 1.50% of the company's stock.

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.