Klingman & Associates LLC Has $416,000 Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Klingman & Associates LLC lessened its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 2,244 shares of the specialty retailer’s stock after selling 91 shares during the quarter. Klingman & Associates LLC’s holdings in Williams-Sonoma were worth $416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Smithfield Trust Co lifted its stake in shares of Williams-Sonoma by 100.0% in 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 last quarter. Cassady Schiller Wealth Management LLC lifted its stake in shares of 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 last quarter. Brooklyn Investment Group acquired a new stake in shares of Williams-Sonoma in the 3rd quarter valued at $28,000. HM Payson & Co. lifted its stake in shares of Williams-Sonoma by 100.0% in the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Finally, Sittner & Nelson LLC lifted its stake in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Sittner & Nelson LLC now owns 200 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

WSM has been the topic of several recent analyst reports. Wedbush lifted their target price on shares of Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Citigroup dropped their target price 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. The Goldman Sachs Group lifted their target price on shares of Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Telsey Advisory Group lifted their target price on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, TD Cowen lifted their target price on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Williams-Sonoma has an average rating of “Hold” and a consensus target price of $172.34.

Insider Activity

In other 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 sale, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 45,000 shares of Williams-Sonoma 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 sale, the chief executive officer now owns 944,666 shares in the company, valued at approximately $196,263,808.16. This trade represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Williams-Sonoma Stock Performance

NYSE:WSM opened at $217.56 on Wednesday. The firm’s 50-day moving average is $199.36 and its 200-day moving average is $164.45. Williams-Sonoma, Inc. has a 52-week low of $108.74 and a 52-week high of $219.98. The company has a market cap of $26.78 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 2.96 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.05%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 26.98%.

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.