Wolverine World Wide, Inc. (WWW) Position Increased by Deutsche Bank AG
Deutsche Bank AG increased its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 32.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 262,274 shares of the textile maker’s stock after acquiring an additional 64,472 shares during the quarter. Deutsche Bank AG owned approximately 0.29% of Wolverine World Wide worth $8,362,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Oregon Public Employees Retirement Fund bought a new stake in shares of Wolverine World Wide in the fourth quarter valued at $36,000. Huntington National Bank raised its stake in shares of Wolverine World Wide by 77.2% in the fourth quarter. Huntington National Bank now owns 2,929 shares of the textile maker’s stock valued at $93,000 after buying an additional 1,276 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Wolverine World Wide by 110.7% in the third quarter. Tower Research Capital LLC TRC now owns 5,148 shares of the textile maker’s stock valued at $201,000 after buying an additional 2,705 shares during the period. Diversified Trust Co raised its stake in shares of Wolverine World Wide by 5.7% in the fourth quarter. Diversified Trust Co now owns 7,364 shares of the textile maker’s stock valued at $235,000 after buying an additional 400 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Wolverine World Wide by 9.4% in the fourth quarter. Bank of Montreal Can now owns 7,704 shares of the textile maker’s stock valued at $245,000 after buying an additional 661 shares during the period. Institutional investors and hedge funds own 95.73% of the company’s stock.
NYSE:WWW opened at $36.52 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.83. Wolverine World Wide, Inc. has a 52-week low of $28.64 and a 52-week high of $39.77. The firm has a market cap of $3.29 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.58 and a beta of 0.97.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. This is a positive change from Wolverine World Wide’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, March 29th. Wolverine World Wide’s payout ratio is presently 18.43%.
In related news, Director Joseph R. Gromek sold 9,870 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $36.02, for a total transaction of $355,517.40. Following the sale, the director now directly owns 49,310 shares in the company, valued at approximately $1,776,146.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Jeppesen sold 38,441 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $35.72, for a total value of $1,373,112.52. Following the sale, the insider now owns 67,177 shares in the company, valued at $2,399,562.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,349 shares of company stock worth $2,589,072. 4.93% of the stock is currently owned by corporate insiders.
Several analysts have issued reports on WWW shares. Zacks Investment Research lowered Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th. Wedbush restated an “outperform” rating and issued a $41.00 target price on shares of Wolverine World Wide in a research note on Thursday, February 7th. ValuEngine upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $38.00 target price (up from $35.00) on shares of Wolverine World Wide in a research note on Tuesday, February 19th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Wolverine World Wide has an average rating of “Buy” and a consensus price target of $40.36.
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Wolverine World Wide Company Profile
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, and Wolverine Heritage Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.
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