Cullinan Associates Inc. Trims Position in Williams-Sonoma, Inc. (NYSE:WSM)

Cullinan Associates Inc. trimmed its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,400 shares of the specialty retailer’s stock after selling 1,000 shares during the period. Cullinan Associates Inc.’s holdings in Williams-Sonoma were worth $4,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Trust Point Inc. grew its stake in Williams-Sonoma by 46.6% in the fourth quarter. Trust Point Inc. now owns 3,969 shares of the specialty retailer’s stock worth $735,000 after purchasing an additional 1,262 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Williams-Sonoma by 1.6% in the 4th quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer’s stock worth $643,000 after buying an additional 56 shares during the period. Princeton Global Asset Management LLC grew its position in shares of Williams-Sonoma by 3,593.8% during the 4th quarter. Princeton Global Asset Management LLC now owns 2,364 shares of the specialty retailer’s stock worth $438,000 after buying an additional 2,300 shares in the last quarter. Spire Wealth Management increased its stake in shares of Williams-Sonoma by 57.2% during the fourth quarter. Spire Wealth Management now owns 1,096 shares of the specialty retailer’s stock valued at $203,000 after buying an additional 399 shares during the period. Finally, Journey Strategic Wealth LLC bought a new stake in shares of Williams-Sonoma in the fourth quarter valued at about $238,000. 99.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on WSM shares. Morgan Stanley increased their target price on shares of Williams-Sonoma from $170.00 to $195.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Royal Bank of Canada increased their price objective on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. TD Cowen boosted their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Loop Capital increased their target price on Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Finally, Barclays boosted their price target on Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $172.34.

Insiders Place Their Bets

In other news, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction that occurred on 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 owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laura Alber sold 45,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total value of $9,349,200.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,160 shares of company stock worth $15,129,352. Corporate insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Down 3.2 %

Shares of NYSE WSM opened at $204.54 on Tuesday. Williams-Sonoma, Inc. has a 52 week low of $97.57 and a 52 week high of $219.98. The firm has a market cap of $25.18 billion, a P/E ratio of 24.19, a P/E/G ratio of 2.98 and a beta of 1.79. The business’s 50 day moving average price is $192.91 and its 200 day moving average price is $159.99.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s payout ratio is presently 26.97%.

Williams-Sonoma 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.