Perpetual Ltd bought a new stake in Whole Foods Market, Inc. (NASDAQ:WFM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 44,065 shares of the company’s stock, valued at approximately $1,856,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Whole Foods Market by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 486,072 shares of the company’s stock valued at $14,446,000 after purchasing an additional 7,754 shares during the last quarter. Teachers Advisors LLC boosted its position in Whole Foods Market by 4.0% during the 1st quarter. Teachers Advisors LLC now owns 622,537 shares of the company’s stock worth $18,502,000 after buying an additional 23,938 shares during the period. Dimensional Fund Advisors LP boosted its position in Whole Foods Market by 40.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,050,285 shares of the company’s stock worth $90,647,000 after buying an additional 874,149 shares during the period. Renaissance Technologies LLC boosted its position in Whole Foods Market by 774.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,588,848 shares of the company’s stock worth $47,221,000 after buying an additional 1,407,200 shares during the period. Finally, United Capital Financial Advisers LLC boosted its position in Whole Foods Market by 33.7% during the 1st quarter. United Capital Financial Advisers LLC now owns 41,912 shares of the company’s stock worth $1,246,000 after buying an additional 10,555 shares during the period. 79.18% of the stock is currently owned by hedge funds and other institutional investors.
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Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Whole Foods Market had a return on equity of 13.51% and a net margin of 2.85%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the company earned $0.37 earnings per share. Whole Foods Market’s quarterly revenue was up .6% compared to the same quarter last year.
A number of research analysts have recently issued reports on the stock. Tigress Financial downgraded shares of Whole Foods Market from a “buy” rating to a “neutral” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Barclays PLC restated an “equal weight” rating on shares of Whole Foods Market in a research report on Thursday, August 24th. Wells Fargo & Company downgraded shares of Whole Foods Market from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $45.00 to $42.00 in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $42.00 price target on shares of Whole Foods Market in a research note on Tuesday, July 18th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $37.76.
About Whole Foods Market
Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.
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