Segment Wealth Management Lowers stake in Whole Foods Market (WFM)

Whole Foods Market (WFM) : Segment Wealth Management reduced its stake in Whole Foods Market by 0.08% during the most recent quarter end. The investment management company now holds a total of 126,948 shares of Whole Foods Market which is valued at $3.8 Million after selling 100 shares in Whole Foods Market , the firm said in a disclosure report filed with the SEC on May 11, 2016.Whole Foods Market makes up approximately 1.43% of Segment Wealth Management’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc boosted its stake in WFM in the latest quarter, The investment management firm added 20,565 additional shares and now holds a total of 21,763 shares of Whole Foods Market which is valued at $659,419.Blackrock Institutional Trust Company N.a. reduced its stake in WFM by selling 447,260 shares or 4.99% in the most recent quarter. The Hedge Fund company now holds 8,523,118 shares of WFM which is valued at $258.3 Million. Whole Foods Market makes up approx 0.04% of Blackrock Institutional Trust Company N.a.’s portfolio. American Century Companies Inc sold out all of its stake in WFM during the most recent quarter. The investment firm sold 9,632 shares of WFM which is valued $287,997.Riverbridge Partners boosted its stake in WFM in the latest quarter, The investment management firm added 66,449 additional shares and now holds a total of 387,623 shares of Whole Foods Market which is valued at $11.3 Million. Whole Foods Market makes up approx 0.24% of Riverbridge Partners’s portfolio.

Whole Foods Market opened for trading at $30.25 and hit $30.57 on the upside on Monday, eventually ending the session at $30.48, with a gain of 0.59% or 0.18 points. The heightened volatility saw the trading volume jump to 33,97,998 shares. Company has a market cap of $9,785 M.

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 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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