Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,885 shares of the specialty retailer's stock after selling 16,435 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.12% of Williams-Sonoma worth $26,459,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Resonant Capital Advisors LLC increased its stake in Williams-Sonoma by 1.6% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer's stock worth $643,000 after purchasing an additional 56 shares during the period. Westmount Partners LLC grew its holdings in shares of Williams-Sonoma by 1.0% in the fourth 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. Bailard Inc. increased its stake in Williams-Sonoma by 1.6% during the 4th quarter. Bailard Inc. now owns 4,091 shares of the specialty retailer's stock worth $758,000 after buying an additional 66 shares during the period. Smithfield Trust Co lifted 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 worth $25,000 after buying an additional 80 shares in the last quarter. Finally, Cassady Schiller Wealth Management LLC boosted its position 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 buying an additional 83 shares during the period. Hedge funds and other institutional investors own 99.29% of the company's stock.

Williams-Sonoma Stock Performance

Williams-Sonoma stock opened at $174.65 on Wednesday. The company has a market capitalization of $21.50 billion, a P/E ratio of 20.66, a PEG ratio of 2.89 and a beta of 1.82. Williams-Sonoma, Inc. has a fifty-two week low of $118.75 and a fifty-two week high of $219.98. The stock has a 50-day simple moving average of $201.10 and a 200-day simple moving average of $170.63.

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 17th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, January 17th. Williams-Sonoma's dividend payout ratio is currently 26.98%.

Insider Activity

In other news, CEO Laura Alber sold 45,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 944,666 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey Howie sold 1,408 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $194.32, for a total value of $273,602.56. Following the completion of the transaction, the chief financial officer now owns 46,388 shares in the company, valued at $9,014,116.16. This trade represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

WSM has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price objective on Williams-Sonoma from $170.00 to $224.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on Williams-Sonoma from $136.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, November 19th. Gordon Haskett upgraded Williams-Sonoma to a "hold" rating in a research note on Thursday, February 13th. Wedbush restated a "neutral" rating and set a $190.00 target price (up from $175.00) on shares of Williams-Sonoma in a research note on Friday, February 28th. Finally, Jefferies Financial Group lifted their price target on shares of Williams-Sonoma from $194.00 to $226.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma has an average rating of "Hold" and a consensus target price of $173.28.

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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.

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