Cullinan Associates Inc. Lowers Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Cullinan Associates Inc. lowered its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 3.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,400 shares of the specialty retailer’s stock after selling 1,000 shares during the quarter. Cullinan Associates Inc.’s holdings in Williams-Sonoma were worth $4,704,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC grew its position 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 valued at $643,000 after acquiring an additional 56 shares during the period. Westmount Partners LLC boosted its stake in shares of 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 buying an additional 59 shares during the period. Smithfield Trust Co grew its position in Williams-Sonoma by 100.0% in the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Williams-Sonoma by 2.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock worth $500,000 after buying an additional 81 shares during the period. Finally, Cassady Schiller Wealth Management LLC boosted its holdings 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 purchasing an additional 83 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction of $560,552.40. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 40,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,160 shares of company stock valued at $15,129,352 over the last three months. 1.50% of the stock is owned by corporate insiders.

Williams-Sonoma Trading Down 3.2 %

Shares of NYSE:WSM opened at $204.54 on Tuesday. Williams-Sonoma, Inc. has a 12 month low of $97.57 and a 12 month high of $219.98. The stock has a market cap of $25.18 billion, a P/E ratio of 24.19, a P/E/G ratio of 2.98 and a beta of 1.79. The company has a 50 day moving average of $192.91 and a 200 day moving average of $159.99.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s dividend payout ratio (DPR) is 26.97%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays boosted their target price on Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Citigroup dropped their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Jefferies Financial Group increased their price target on Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Royal Bank of Canada raised their target price on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, TD Cowen lifted their price objective on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $172.34.

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.