Whole Foods Market Inc. (WFM) Announces Quarterly Dividend of $0.10
Whole Foods Market (NYSE:WFM) declared a quarterly dividend on Thursday, September 12th, Analyst Ratings Network reports. Investors of record on Friday, September 27th will be given a dividend of $0.10 per share on Tuesday, October 8th. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, September 25th.
Several analysts have recently commented on the stock. Analysts at Northcoast Research downgraded shares of Whole Foods Market (NYSE:WFM) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $56.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Whole Foods Market (NYSE:WFM) in a research note to investors on Tuesday, August 6th. They now have a $59.00 price target on the stock. Finally, analysts at Williams Capital upgraded shares of Whole Foods Market (NYSE:WFM) from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 5th. They now have a $64.00 price target on the stock, up previously from $53.00.
Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $74.88.
Shares of Whole Foods Market (NYSE:WFM) traded up 0.48% on Thursday, hitting $56.36. 2,122,212 shares of the company’s stock traded hands. Whole Foods Market has a 52 week low of $40.695 and a 52 week high of $56.83. The stock’s 50-day moving average is $54.2 and its 200-day moving average is $49.64. The company has a market cap of $20.995 billion and a price-to-earnings ratio of 38.68.
Whole Foods Market (NYSE:WFM) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.01. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts predict that Whole Foods Market will post $1.46 earnings per share for the current fiscal year.
In other Whole Foods Market news, Insider Jeff Turnas sold 10,750 shares of the company’s stock on the open market in a transaction dated Thursday, August 29th. The stock was sold at an average price of $52.26, for a total value of $561,795.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Whole Foods Market, Inc (NYSE:WFM) is a natural and organic foods supermarkets.
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