Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC cut its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 42.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,122 shares of the specialty retailer’s stock after selling 3,711 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Williams-Sonoma were worth $794,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its stake in shares of Williams-Sonoma by 118.7% in the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock valued at $326,931,000 after acquiring an additional 1,145,410 shares in the last quarter. Principal Financial Group Inc. raised its position in Williams-Sonoma by 84.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,020,489 shares of the specialty retailer’s stock valued at $158,085,000 after purchasing an additional 467,407 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Williams-Sonoma by 98.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,355 shares of the specialty retailer’s stock valued at $129,103,000 after buying an additional 413,226 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Williams-Sonoma by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 823,692 shares of the specialty retailer’s stock worth $232,613,000 after buying an additional 43,607 shares in the last quarter. Finally, Citigroup Inc. increased its stake in shares of Williams-Sonoma by 100.3% during the third quarter. Citigroup Inc. now owns 549,118 shares of the specialty retailer’s stock worth $85,069,000 after buying an additional 274,983 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the transaction, the chief executive officer now owns 990,956 shares in the company, valued at approximately $129,309,848.44. This represents a 3.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Performance

NYSE WSM opened at $171.37 on Thursday. Williams-Sonoma, Inc. has a one year low of $90.87 and a one year high of $181.42. The firm has a market cap of $21.10 billion, a PE ratio of 20.27, a P/E/G ratio of 2.71 and a beta of 1.76. The firm’s fifty day moving average is $145.30 and its two-hundred day moving average is $145.20.

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 18th were given a dividend of $0.57 per share. The ex-dividend date was Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a yield of 1.33%. Williams-Sonoma’s payout ratio is 26.97%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WSM. Evercore ISI lifted their price target on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research note on Thursday, November 21st. Telsey Advisory Group boosted their target price on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Royal Bank of Canada increased their target price on Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Wedbush lifted their price target on Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Finally, Loop Capital increased their price objective on Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $154.41.

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.