Concannon Wealth Management Exits Position in Whole Foods Market (WFM)

Whole Foods Market (WFM) : Concannon Wealth Management has sold out all of its stake in Whole Foods Market during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 204 shares of Whole Foods Market which is valued at $6,071.

Whole Foods Market closed down -0.39 points or -1.31% at $29.43 with 62,07,573 shares getting traded on Wednesday. Post opening the session at $29.72, the shares hit an intraday low of $29.4 and an intraday high of $29.93 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Winslow Evans Crocker reduced its stake in WFM by selling 133 shares or 5.28% in the most recent quarter. The Hedge Fund company now holds 2,387 shares of WFM which is valued at $71,037. Whole Foods Market makes up approx 0.02% of Winslow Evans Crocker’s portfolio.Clean Yield Group reduced its stake in WFM by selling 4,495 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 94,366 shares of WFM which is valued at $2,922,515. Whole Foods Market makes up approx 1.30% of Clean Yield Group’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in WFM in the latest quarter, The investment management firm added 2,544 additional shares and now holds a total of 79,036 shares of Whole Foods Market which is valued at $2,447,745. Whole Foods Market makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio. Charter Trust Co added WFM to its portfolio by purchasing 7,152 company shares during the most recent quarter which is valued at $211,985. Whole Foods Market makes up approx 0.03% of Charter Trust Co’s portfolio.

On the company’s financial health, Whole Foods Market reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.40. The company had revenue of $4829.00 million for the quarter, compared to analysts expectations of $4808.06 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 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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