Alyeska Investment Group Lowers stake in Whole Foods Market (WFM)

Whole Foods Market (WFM) : Alyeska Investment Group reduced its stake in Whole Foods Market by 15.27% during the most recent quarter end. The investment management company now holds a total of 4,339,312 shares of Whole Foods Market which is valued at $138,988,163 after selling 782,254 shares in Whole Foods Market , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Whole Foods Market makes up approximately 1.39% of Alyeska Investment Group’s portfolio.

Other Hedge Funds, Including , Glassman Wealth Services reduced its stake in WFM by selling 399 shares or 79.8% in the most recent quarter. The Hedge Fund company now holds 101 shares of WFM which is valued at $3,235.Folger Nolan Fleming Douglas Capital Management Inc reduced its stake in WFM by selling 294 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 26,920 shares of WFM which is valued at $809,754. Whole Foods Market makes up approx 0.13% of Folger Nolan Fleming Douglas Capital Management Inc’s portfolio.Manchester Capital Management boosted its stake in WFM in the latest quarter, The investment management firm added 1,622 additional shares and now holds a total of 1,668 shares of Whole Foods Market which is valued at $48,272. Whole Foods Market makes up approx 0.01% of Manchester Capital Management’s portfolio.

Whole Foods Market opened for trading at $30.94 and hit $31.365 on the upside on Monday, eventually ending the session at $30.96, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 33,29,115 shares. Company has a market cap of $9,855 M.

On the company’s financial health, Whole Foods Market reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.24. The company had revenue of $3497.00 million for the quarter, compared to analysts expectations of $3509.25 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Whole Foods Market. Whole Foods Market was Downgraded by BofA/Merrill to ” Underperform” on Nov 4, 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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