Spire Wealth Management sells 440 shares of United Natural Foods, Inc. (NYSE: UNFI)
Spire Wealth Management reduced its stake in shares of United Natural Foods, Inc. (NYSE: UNFI – Get Rating) by 11.4% in the first quarter, according to the company in its latest filing with the Securities and Exchange Commission. The company held 3,410 shares of the company after selling 440 shares during the quarter. Spire Wealth Management’s holdings in United Natural Foods were worth $141,000 at the end of the last reporting period.
Several other large investors have also recently changed their positions in the stock. Ironwood Investment Management LLC increased its stake in the shares of United Natural Foods by 1.7% during the 4th quarter. Ironwood Investment Management LLC now owns 18,391 shares of the company valued at $903,000 after acquiring 303 additional shares during the period. Diversified Trust Co increased its stake in United Natural Foods by 4.4% in the 1st quarter. Diversified Trust Co now owns 7,409 shares of the company worth $306,000 after buying 314 more shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in United Natural Foods by 9.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,270 shares of the company worth $259,000 after purchasing an additional 440 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in United Natural Foods by 8.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,295 shares of the company worth $309,000 after buying 508 additional shares in the last quarter. Finally, the Alaska State Department of Revenue increased its stake in United Natural Foods by 1.4% in the first quarter. The Alaska State Department of Revenue now owns 40,521 shares of the company worth $1,675,000 after buying 565 additional shares in the last quarter. Institutional investors hold 81.28% of the company’s shares.
A number of research firms have recently commented on the UNFI. UBS Group lowered its price target on United Natural Foods from $64.00 to $58.00 and set a “buy” rating on the stock in a Thursday, March 10 report. Seaport Res Ptn reissued a “neutral” rating on United Natural Foods shares in a Thursday, March 10 report. Wells Fargo & Company raised United Natural Foods from an “underweight” rating to an “equal weight” rating and raised its price target for the stock from $35.00 to $38.00 in a report from the Thursday March 17. CL King began covering United Natural Foods in a report on Monday, March 21. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised its price target on United Natural Foods from $46.00 to $53.00 and gave the stock a “holding” rating in a Wednesday, June 29 report. Five analysts gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat, United Natural Foods currently has an average rating of “Hold” and an average target price of $52.57.
NYSE: UNFI opened at $40.04 on Wednesday. The stock’s fifty-day moving average is $41.34 and its 200-day moving average is $42.01. United Natural Foods, Inc. has a fifty-two-week low of $30.61 and a fifty-two-week high of $57.89. The company has a market capitalization of $2.33 billion, a PE ratio of 10.71 and a beta of 1.03. The company has a debt ratio of 1.52, a quick ratio of 0.55 and a current ratio of 1.49.
United Natural Foods (NYSE:UNFI – Get Rating) released its quarterly results for the last time on Tuesday, June 7. The company reported earnings per share of $1.10 for the quarter, beating the consensus estimate of $0.97 by $0.13. United Natural Foods had a return on equity of 18.64% and a net margin of 0.83%. The company posted revenue of $7.24 billion for the quarter, versus analyst estimates of $7.09 billion. In the same quarter a year earlier, the company posted EPS of $0.94. United Natural Foods’ quarterly sales increased 9.2% over the same quarter last year. Stock analysts expect United Natural Foods, Inc. to post EPS of 4.22 for the current year.
About United Natural Foods (Get an assessment)
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, fruit and vegetable, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, wholesale and retail. The company offers groceries and general merchandise, fresh produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and catering products and personal care items.
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