Kingsview Wealth Management LLC Sells 555 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Kingsview Wealth Management LLC decreased its position in Williams-Sonoma, Inc. (NYSE:WSM) by 10.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,567 shares of the specialty retailer’s stock after selling 555 shares during the period. Kingsview Wealth Management LLC’s holdings in Williams-Sonoma were worth $846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Resonant Capital Advisors LLC grew its holdings in shares of Williams-Sonoma by 1.6% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer’s stock worth $643,000 after purchasing an additional 56 shares during the last quarter. Westmount Partners LLC lifted its stake in Williams-Sonoma by 1.0% in the fourth quarter. Westmount Partners LLC now owns 6,242 shares of the specialty retailer’s stock worth $1,156,000 after acquiring an additional 59 shares during the period. Smithfield Trust Co lifted its stake 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 during the period. Diversify Advisory Services LLC lifted its stake in Williams-Sonoma by 2.6% in the third quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock worth $500,000 after acquiring an additional 81 shares during the period. Finally, Cassady Schiller Wealth Management LLC lifted its stake in Williams-Sonoma by 100.0% in the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 83 shares during the period. Institutional investors own 99.29% of the company’s stock.

Insider Buying and Selling

In related news, CEO Laura Alber sold 45,000 shares of Williams-Sonoma stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total value of $9,349,200.00. Following the completion of the sale, the chief executive officer now directly owns 944,666 shares in the company, valued at approximately $196,263,808.16. This trade represents a 4.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction dated 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 sale, the chief financial officer now owns 46,388 shares of the company’s stock, valued at $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,160 shares of company stock worth $15,129,352. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wells Fargo & Company raised their price target on Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Wedbush raised their price target on Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Telsey Advisory Group raised their price target on Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Citigroup dropped their price target on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, Royal Bank of Canada raised their price target on Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $172.34.

Williams-Sonoma Price Performance

Shares of NYSE:WSM opened at $203.82 on Thursday. Williams-Sonoma, Inc. has a 1-year low of $108.19 and a 1-year high of $219.98. The business has a fifty day moving average price of $197.52 and a 200-day moving average price of $162.78. The company has a market capitalization of $25.09 billion, a PE ratio of 24.11, a PEG ratio of 2.91 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be issued 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 1.12%. Williams-Sonoma’s payout ratio is presently 26.97%.

Williams-Sonoma Company 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.