Telos Capital Management Inc. Sells 2,505 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Telos Capital Management Inc. trimmed its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,355 shares of the specialty retailer’s stock after selling 2,505 shares during the quarter. Telos Capital Management Inc.’s holdings in Williams-Sonoma were worth $7,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smithfield Trust Co increased its stake in Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Cassady Schiller Wealth Management LLC increased its stake in 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 acquiring an additional 83 shares during the last quarter. Brooklyn Investment Group bought a new position in Williams-Sonoma in the 3rd quarter worth about $28,000. HM Payson & Co. increased its stake in Williams-Sonoma by 100.0% in the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 100 shares during the last quarter. Finally, Sittner & Nelson LLC increased its stake in Williams-Sonoma by 100.0% in the 3rd quarter. Sittner & Nelson LLC now owns 200 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 100 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Jeffrey Howie sold 3,160 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the completion of the transaction, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. This represents a 6.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 45,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 of the company’s stock, valued at $196,263,808.16. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,160 shares of company stock worth $15,129,352. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on WSM. TD Cowen upped their target price on Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Citigroup decreased their target price on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Wells Fargo & Company increased their price objective on Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their price objective on Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group increased their price objective on Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $172.34.

Williams-Sonoma Stock Performance

NYSE WSM opened at $210.91 on Friday. Williams-Sonoma, Inc. has a fifty-two week low of $101.68 and a fifty-two week high of $219.98. The stock has a 50 day simple moving average of $194.90 and a two-hundred day simple moving average of $161.16. The stock has a market cap of $25.96 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 2.98 and a beta of 1.79.

Williams-Sonoma Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 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.