Capital Investment Counsel Inc Lowers stake in Whole Foods Market (WFM)

Whole Foods Market (WFM) : Capital Investment Counsel Inc reduced its stake in Whole Foods Market by 3.5% during the most recent quarter end. The investment management company now holds a total of 139,506 shares of Whole Foods Market which is valued at $4,171,229 after selling 5,060 shares in Whole Foods Market , the firm said in a disclosure report filed with the SEC on May 3, 2016.Whole Foods Market makes up approximately 2.20% of Capital Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Everett Harris Co Ca reduced its stake in WFM by selling 1,640 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 573,053 shares of WFM which is valued at $16,664,381. Whole Foods Market makes up approx 0.60% of Everett Harris Co Ca’s portfolio. Private Wealth Partners sold out all of its stake in WFM during the most recent quarter. The investment firm sold 40,650 shares of WFM which is valued $1,182,102. Quantitative Systematic Strategies added WFM to its portfolio by purchasing 65,007 company shares during the most recent quarter which is valued at $1,934,608. Whole Foods Market makes up approx 0.72% of Quantitative Systematic Strategies’s portfolio.Mercer Capital Advisers boosted its stake in WFM in the latest quarter, The investment management firm added 3,401 additional shares and now holds a total of 24,656 shares of Whole Foods Market which is valued at $733,763. Whole Foods Market makes up approx 0.62% of Mercer Capital Advisers’s portfolio.

Whole Foods Market closed down -0.04 points or -0.13% at $30.28 with 36,45,382 shares getting traded on Tuesday. Post opening the session at $30.34, the shares hit an intraday low of $29.75 and an intraday high of $30.51 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Whole Foods Market reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.41. The company had revenue of $3696.00 million for the quarter, compared to analysts expectations of $3740.40 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Whole Foods Market. Whole Foods Market was Initiated by Wells Fargo to “Market Perform” on Feb 17, 2016. Whole Foods Market was Upgraded by Longbow to ” Neutral” on Feb 5, 2016.

Whole Foods Market Inc. (Whole Foods Market) is a retailer of natural and organic foods and grocer. The Company has one operating segment natural and organic foods supermarkets. As of September 29 2013 Whole Foods Market operated 362 stores in the United States Canada and the United Kingdom. The Company’s offices are supported by its headquarters regional offices distribution centers bakehouse facilities commissary kitchens seafood-processing facilities meat and produce procurement centers and a specialty coffee and tea procurement and roasting operation. The Company’s product selection includes grocery meat seafood bakery prepared foods and catering coffee tea beer wine cheese nutritional supplements vitamins body care and lifestyle products including books pet products and household products. The Company’s 365 and 365 Organic Everyday Day Value brands account for approximately half of its brand items.

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