State Street Corp Has $825.59 Million Position in Williams-Sonoma, Inc. (NYSE:WSM)

State Street Corp raised its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 108.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,329,125 shares of the specialty retailer's stock after buying an additional 2,777,339 shares during the period. State Street Corp owned about 4.22% of Williams-Sonoma worth $825,588,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Smithfield Trust Co raised its stake 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 during the period. Quest Partners LLC acquired a new position in Williams-Sonoma during the second quarter valued at $26,000. Cassady Schiller Wealth Management LLC lifted its stake 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 worth $26,000 after acquiring an additional 83 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Williams-Sonoma during the 3rd quarter worth about $28,000. Finally, Crewe Advisors LLC purchased a new position in Williams-Sonoma during the 2nd quarter valued at about $29,000. Institutional investors own 99.29% of the company's stock.

Insider Activity at Williams-Sonoma

In other news, CEO Laura Alber sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the sale, the chief executive officer now directly owns 1,030,956 shares of the company's stock, valued at $149,766,978.12. This represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey Howie sold 3,160 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the sale, the chief financial officer now owns 46,388 shares of the company's stock, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,160 shares of company stock valued at $11,590,952 in the last ninety days. Insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Evercore ISI lifted their target price 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. JPMorgan Chase & Co. upped their target price on Williams-Sonoma from $136.00 to $145.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their price target on Williams-Sonoma from $140.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Royal Bank of Canada increased their price objective on Williams-Sonoma from $162.00 to $189.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Finally, Loop Capital raised their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a "hold" rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $154.41.

Williams-Sonoma Stock Performance

NYSE WSM traded up $5.89 during trading on Friday, reaching $188.82. 1,561,517 shares of the company traded hands, compared to its average volume of 2,417,374. Williams-Sonoma, Inc. has a 1-year low of $94.63 and a 1-year high of $190.08. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.87 and a beta of 1.81. The stock's 50 day moving average price is $149.33 and its two-hundred day moving average price is $146.31.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 18th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.21%. Williams-Sonoma's payout ratio is presently 26.97%.

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.