Capstone Asset Management Co. raised its stake in Whole Foods Market Inc. (NASDAQ:WFM) by 19.8% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 119,311 shares of the company’s stock after buying an additional 19,720 shares during the period. Capstone Asset Management Co.’s holdings in Whole Foods Market were worth $3,382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Manhattan Co. boosted its position in shares of Whole Foods Market by 1.0% in the second quarter. First Manhattan Co. now owns 10,103 shares of the company’s stock valued at $323,000 after buying an additional 103 shares in the last quarter. Country Trust Bank raised its position in Whole Foods Market by 64.2% in the second quarter. Country Trust Bank now owns 273,715 shares of the company’s stock worth $8,764,000 after buying an additional 107,000 shares during the period. Dalton Greiner Hartman Maher & Co. bought a new position in Whole Foods Market during the second quarter worth $474,000. Atria Investments LLC bought a new position in Whole Foods Market during the second quarter worth $335,000. Finally, Macnealy Hoover Investment Management Inc. raised its position in Whole Foods Market by 0.9% in the second quarter. Macnealy Hoover Investment Management Inc. now owns 34,475 shares of the company’s stock worth $1,104,000 after buying an additional 300 shares during the period. 83.73% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Whole Foods Market (NASDAQ:WFM)

Whole Foods Market Inc. (NASDAQ:WFM) traded down 0.72% during trading on Wednesday, hitting $30.39. The company had a trading volume of 4,882,771 shares. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 19.61 and a beta of 0.76. The stock has a 50-day moving average of $29.45 and a 200 day moving average of $30.67. Whole Foods Market Inc. has a one year low of $27.67 and a one year high of $35.58.

Whole Foods Market (NASDAQ:WFM) last released its earnings results on Wednesday, November 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. Whole Foods Market had a return on equity of 15.65% and a net margin of 3.22%. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $26.30 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. Whole Foods Market’s revenue was up 1.7% on a year-over-year basis. Equities analysts forecast that Whole Foods Market Inc. will post $1.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 24th. Shareholders of record on Friday, January 13th will be paid a $0.14 dividend. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, January 11th. This represents a $0.56 annualized dividend and a yield of 1.84%. Whole Foods Market’s dividend payout ratio is currently 34.84%.

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A number of equities analysts recently weighed in on WFM shares. Vetr upgraded Whole Foods Market from a “sell” rating to a “hold” rating and set a $29.97 price target for the company in a research report on Tuesday. Zacks Investment Research upgraded Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $38.00 price target on shares of Whole Foods Market in a research report on Tuesday, August 16th. Barclays PLC set a $30.00 price target on Whole Foods Market and gave the company a “hold” rating in a research report on Saturday, November 19th. Finally, Goldman Sachs Group Inc. reiterated a “sell” rating and issued a $28.00 price target (down previously from $31.00) on shares of Whole Foods Market in a research report on Tuesday, September 13th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. Whole Foods Market presently has an average rating of “Hold” and a consensus target price of $30.20.

In other Whole Foods Market news, Director Shahid M. Hassan sold 7,916 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $28.41, for a total value of $224,893.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeff Turnas sold 4,400 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $30.21, for a total value of $132,924.00. Following the completion of the sale, the insider now owns 6,792 shares in the company, valued at approximately $205,186.32. The disclosure for this sale can be found here. 1.09% of the stock is owned by company insiders.

About Whole Foods Market

Whole Foods Market, Inc is engaged in operating natural and organic foods supermarkets. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. As of April 10, 2016, the Company operated 441 stores, which include 421 stores in 42 states in the United States and the District of Columbia, 11 stores in Canada, and 9 stores in the United Kingdom.

5 Day Chart for NASDAQ:WFM

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