Telos Capital Management Inc. Sells 2,505 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Telos Capital Management Inc. lessened its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,355 shares of the specialty retailer’s stock after selling 2,505 shares during the period. Telos Capital Management Inc.’s holdings in Williams-Sonoma were worth $7,843,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WSM. FMR LLC increased its position in Williams-Sonoma by 72.7% during the 3rd quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock valued at $1,360,384,000 after buying an additional 3,695,837 shares in the last quarter. State Street Corp increased its position 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 buying an additional 2,777,339 shares in the last quarter. Geode Capital Management LLC increased its position in Williams-Sonoma by 107.5% during 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 buying an additional 1,393,436 shares in the last quarter. Pacer Advisors Inc. increased its position in Williams-Sonoma by 118.7% during the 3rd quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock valued at $326,931,000 after buying an additional 1,145,410 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in Williams-Sonoma by 324.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,036,256 shares of the specialty retailer’s stock valued at $160,537,000 after buying an additional 792,068 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 45,000 shares of Williams-Sonoma stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the transaction, the chief executive officer now directly owns 944,666 shares in the company, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total value of $560,552.40. Following the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 88,160 shares of company stock worth $15,129,352. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on WSM shares. Loop Capital lifted their target price on Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Citigroup reduced their target price on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group lifted their target price on Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Barclays lifted 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. Finally, Wedbush lifted their target price on Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $172.34.

Williams-Sonoma Stock Performance

NYSE WSM opened at $210.91 on Friday. The company has a market capitalization of $25.96 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 2.98 and a beta of 1.79. The business’s fifty day moving average is $194.90 and its 200 day moving average is $161.16. Williams-Sonoma, Inc. has a fifty-two week low of $101.68 and a fifty-two week high of $219.98.

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors 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 yield of 1.08%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 26.97%.

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.