Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Commonwealth Equity Services LLC

Posted by Defense World Staff on Mar 10th, 2023

Commonwealth Equity Services LLC decreased its holdings in Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) by 11.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,880 shares of the specialty retailer’s stock after selling 3,539 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Williams-Sonoma were worth $3,285,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WSM. Great West Life Assurance Co. Can raised its holdings in Williams-Sonoma by 7.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 46,227 shares of the specialty retailer’s stock worth $6,915,000 after purchasing an additional 3,373 shares during the period. Aviva PLC raised its holdings in shares of Williams-Sonoma by 9.7% during the first quarter. Aviva PLC now owns 14,762 shares of the specialty retailer’s stock valued at $2,140,000 after acquiring an additional 1,300 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Williams-Sonoma by 0.3% during the first quarter. Baird Financial Group Inc. now owns 391,118 shares of the specialty retailer’s stock valued at $56,712,000 after acquiring an additional 1,049 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Williams-Sonoma by 1,415.9% during the first quarter. Brown Brothers Harriman & Co. now owns 2,092 shares of the specialty retailer’s stock valued at $303,000 after acquiring an additional 1,954 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Williams-Sonoma during the first quarter valued at approximately $292,000. Institutional investors and hedge funds own 99.49% of the company’s stock.

Analyst Ratings Changes

WSM has been the subject of a number of research analyst reports. Morgan Stanley cut Williams-Sonoma from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $150.00 to $100.00 in a report on Monday, November 28th. StockNews.com raised Williams-Sonoma from a “hold” rating to a “buy” rating in a report on Tuesday, January 31st. Telsey Advisory Group reduced their target price on Williams-Sonoma from $195.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, November 18th. Cowen cut their price target on Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, November 18th. Finally, Barclays cut Williams-Sonoma from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $192.00 to $114.00 in a report on Monday, November 21st. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $129.19.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock opened at $123.80 on Friday. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 0.90 and a beta of 1.62. Williams-Sonoma, Inc. has a fifty-two week low of $101.58 and a fifty-two week high of $176.89. The stock has a 50 day moving average of $126.50 and a 200 day moving average of $127.01.

Williams-Sonoma Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, January 20th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, January 19th. This represents a $3.12 annualized dividend and a dividend yield of 2.52%. Williams-Sonoma’s dividend payout ratio is currently 18.91%.

Williams-Sonoma Company Profile

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Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.