Corient Private Wealth LLC Has $12.47 Million Position in Williams-Sonoma, Inc. (NYSE:WSM)

Corient Private Wealth LLC boosted its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,812 shares of the specialty retailer’s stock after purchasing an additional 10,460 shares during the period. Corient Private Wealth LLC owned about 0.10% of Williams-Sonoma worth $12,472,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of WSM. Larson Financial Group LLC bought a new stake in Williams-Sonoma in the third quarter worth about $51,000. Nomura Asset Management Co. Ltd. boosted its holdings in Williams-Sonoma by 33.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 16,864 shares of the specialty retailer’s stock valued at $2,621,000 after acquiring an additional 4,268 shares during the period. Signaturefd LLC raised its holdings in Williams-Sonoma by 7.4% during the 3rd quarter. Signaturefd LLC now owns 2,152 shares of the specialty retailer’s stock valued at $334,000 after buying an additional 149 shares during the last quarter. Parsons Capital Management Inc. RI increased its position in Williams-Sonoma by 23.1% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 6,916 shares of the specialty retailer’s stock valued at $1,075,000 after purchasing an additional 1,298 shares during the period. Finally, PFG Investments LLC bought a new stake in Williams-Sonoma during the 3rd quarter valued at approximately $249,000. Institutional investors own 99.29% of the company’s stock.

Insider Transactions at Williams-Sonoma

In other news, CEO Laura Alber sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $283.74, for a total transaction of $5,674,800.00. Following the completion of the transaction, the chief executive officer now directly owns 505,509 shares of the company’s stock, valued at approximately $143,433,123.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Laura Alber sold 20,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $283.74, for a total transaction of $5,674,800.00. Following the completion of the sale, the chief executive officer now directly owns 505,509 shares of the company’s stock, valued at approximately $143,433,123.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Karalyn Smith sold 1,145 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $289.06, for a total transaction of $330,973.70. Following the completion of the transaction, the executive vice president now owns 6,966 shares in the company, valued at approximately $2,013,591.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,145 shares of company stock worth $18,552,819. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

WSM has been the topic of a number of research reports. Barclays lifted their price objective on Williams-Sonoma from $146.00 to $232.00 and gave the stock an “underweight” rating in a report on Friday, March 15th. StockNews.com lowered shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Evercore ISI raised their target price on Williams-Sonoma from $310.00 to $315.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 14th. Robert W. Baird increased their target price on Williams-Sonoma from $200.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Finally, Morgan Stanley boosted their target price on shares of Williams-Sonoma from $270.00 to $290.00 and gave the company an “equal weight” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Williams-Sonoma has an average rating of “Hold” and a consensus target price of $259.94.

Williams-Sonoma Stock Performance

Shares of WSM traded up $3.25 during trading hours on Friday, hitting $287.81. The stock had a trading volume of 1,004,535 shares, compared to its average volume of 1,049,239. Williams-Sonoma, Inc. has a fifty-two week low of $109.44 and a fifty-two week high of $348.51. The firm has a 50-day moving average price of $300.01 and a 200 day moving average price of $238.22. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.60 and a beta of 1.72.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 EPS for the quarter, topping analysts’ consensus estimates of $5.06 by $0.38. Williams-Sonoma had a return on equity of 54.50% and a net margin of 13.83%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the business posted $5.50 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. As a group, analysts predict that Williams-Sonoma, Inc. will post 15.61 EPS for the current fiscal year.

Williams-Sonoma Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, April 19th were given a $1.13 dividend. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.52 annualized dividend and a yield of 1.57%. Williams-Sonoma’s dividend payout ratio is 27.75%.

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.