Hennion & Walsh Asset Management Inc. Has $4.16 Million Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Hennion & Walsh Asset Management Inc. raised its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,473 shares of the specialty retailer’s stock after purchasing an additional 1,223 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Williams-Sonoma were worth $4,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in WSM. FMR LLC grew its stake in Williams-Sonoma by 72.7% during the third quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock worth $1,360,384,000 after buying an additional 3,695,837 shares during the last quarter. State Street Corp increased its holdings in Williams-Sonoma by 108.8% during the 3rd quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock valued at $825,588,000 after purchasing an additional 2,777,339 shares in the last quarter. Geode Capital Management LLC raised its position in Williams-Sonoma by 107.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock valued at $418,223,000 after purchasing an additional 1,393,436 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Williams-Sonoma by 118.7% in the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock worth $326,931,000 after purchasing an additional 1,145,410 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Williams-Sonoma by 104.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,105,336 shares of the specialty retailer’s stock worth $171,239,000 after purchasing an additional 565,745 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WSM shares. 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 report on Tuesday, November 19th. Wedbush increased their price target 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. Telsey Advisory Group boosted their price objective on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Wells Fargo & Company increased their price objective on Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, TD Cowen boosted their target price on Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams-Sonoma currently has an average rating of “Hold” and a consensus target price of $160.03.

Insider Activity

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $130.49, for a total value of $5,219,600.00. Following the transaction, the chief executive officer now directly owns 990,956 shares in the company, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Williams-Sonoma Price Performance

Shares of NYSE:WSM opened at $198.27 on Thursday. The company has a market capitalization of $24.41 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 3.00 and a beta of 1.79. The firm’s 50 day simple moving average is $176.53 and its 200 day simple moving average is $154.58. Williams-Sonoma, Inc. has a fifty-two week low of $95.76 and a fifty-two week high of $200.56.

Williams-Sonoma Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.15%. Williams-Sonoma’s dividend payout ratio is 26.97%.

Williams-Sonoma 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.