Published: Mon, June 26, 2017
Markets | By Noel Gibbs

Needle Moving Activity Spotted in Whole Foods Market, Inc. (NASDAQ:WFM)

Needle Moving Activity Spotted in Whole Foods Market, Inc. (NASDAQ:WFM)

Whole Foods Market Inc now has $13.96B valuation.

The High Revenue estimate is predicted as 3.76 Million, while the Low Revenue Estimate prediction stands at 3.7 Million. Zacks Investment Research raised Whole Foods Market from a "sell" rating to a "hold" rating in a report on Friday, May 12th. The rating was downgraded by Nomura on Wednesday, January 6 to "Neutral".

Whole Foods Market, Inc. reported its EPS as $0.37 with the analysts projecting the EPS of the stock as $0.37. Analysts are forecasting earnings of $0.34 on a per share basis this quarter.

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Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings results on Wednesday, May 10th. The institutional investor held 10,008 shares of the finance company at the end of 2016Q4, valued at $1.17 million, up from 6,886 at the end of the previous reported quarter. This estimate is provided by 19 analysts.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. After having $1.13 EPS previously, CoreSite Realty Corp's analysts see -4.42% EPS growth. Vetr upgraded Whole Foods Market from a strong sell rating to a hold rating and set a $42.27 target price for the company in a research note on Monday, June 19th.

The share price of the company (NASDAQ:WFM) was down -0.59% during the last trading session, with a high of 43.84 and the volume of Whole Foods Market, Inc. shares traded was 13552864. Barclays PLC reissued an "equal weight" rating and issued a $30.00 price target on shares of Whole Foods Market in a report on Monday, March 27th. Oppenheimer Holdings, Inc. reissued an "outperform" rating and set a $45.00 price objective on shares of Whole Foods Market in a research report on Tuesday, June 20th.

Buffett's Berkshire Hathaway studied this stock for three years before buying in
Entertainment, Applebee's and Ashley Furniture are among its 10 biggest customers, according to an investor presentation. Store Capital's stock jumped almost 11 percent to $23 after the investment was announced Monday.


Among 21 analysts covering PNC Financial Services (NYSE:PNC), 7 have Buy rating, 1 Sell and 13 Hold. (NASDAQ:WFM) traded down 0.590% during mid-day trading on Friday, reaching $42.945. Piermont Incorporated invested in 20,164 shares or 0.37% of the stock. Kcm Investment Advisors Llc who had been investing in Whole Foods Market Inc for a number of months, seems to be less bullish one the $13.96 billion market cap company. The company's 50-day moving average is $36.34 and its 200 day moving average is $32.50. The company rocked its 52-Week High of $43.84 and touched its 52-Week Low of $27.67. Shareholders of record on Friday, June 30th will be issued a dividend of $0.18 per share. This is an increase from Whole Foods Market's previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, June 28th. Also, insider Laura A. Derba sold 2,200 shares of Whole Foods Market stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $36.34, for a total transaction of $52,002.54. The stock declined 0.26% or $0.32 reaching $120.44 per share. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $36.48, for a total value of $80,256.00. Following the completion of the sale, the insider now directly owns 3,418 shares in the company, valued at $124,688.64. The disclosure for this sale can be found here. Grimes & Company Inc sold 13,949 shares as Whole Foods Market Inc. During the last six months the stock slipped -12.37%. "It is also useful for mutual fund investors, as many funds will list the "average" or 'median" market capitalization of its holdings. Finally, Cadence Capital Management LLC raised its position in shares of Whole Foods Market by 4.5% in the first quarter. Palo Alto Investors Llc owns 247,000 shares or 0.04% of their U.S. portfolio. While for the next 5 years, the growth estimate is 1.13%. Nordea Investment Management AB increased its position in shares of Whole Foods Market by 27.0% in the third quarter. RBC Capital Markets maintained Whole Foods Market, Inc. The Edgemoor Investment Advisors Inc holds 169,324 shares with $19.80 million value, down from 172,481 last quarter.

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