Penserra Capital Management LLC Grows Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Penserra Capital Management LLC raised its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 90.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,483 shares of the specialty retailer’s stock after purchasing an additional 4,988 shares during the quarter. Penserra Capital Management LLC’s holdings in Williams-Sonoma were worth $1,621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Smithfield Trust Co lifted its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Williams-Sonoma in the 2nd quarter valued at approximately $26,000. Cassady Schiller Wealth Management LLC boosted its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 83 shares during the period. Crewe Advisors LLC bought a new position in shares of Williams-Sonoma during the 2nd quarter valued at approximately $29,000. Finally, EntryPoint Capital LLC increased its position in shares of Williams-Sonoma by 520.0% during the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Williams-Sonoma Price Performance

NYSE:WSM opened at $174.10 on Wednesday. The firm has a market cap of $22.00 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 2.67 and a beta of 1.76. The company has a 50-day moving average of $144.82 and a 200 day moving average of $145.01. Williams-Sonoma, Inc. has a 1-year low of $90.87 and a 1-year high of $181.42.

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 18th were paid 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 dividend yield of 1.31%. Williams-Sonoma’s dividend payout ratio is presently 26.97%.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $130.49, for a total value of $5,219,600.00. Following the transaction, the chief executive officer now owns 990,956 shares in the company, valued at $129,309,848.44. The trade was a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on WSM. Loop Capital lifted their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Citigroup dropped their price target on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Evercore ISI upped their price target on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a report on Thursday, November 21st. Wells Fargo & Company raised their price objective on shares of Williams-Sonoma from $140.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and increased their price target for the stock from $148.00 to $156.00 in a report on Wednesday, September 11th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Williams-Sonoma has an average rating of “Hold” and an average target price of $154.41.

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.