Marathon Asset Management LLP Has $25.24 Million Position in Wolverine World Wide, Inc. (WWW)
Marathon Asset Management LLP increased its position in Wolverine World Wide, Inc. (NYSE:WWW) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 790,188 shares of the textile maker’s stock after acquiring an additional 12,950 shares during the quarter. Marathon Asset Management LLP’s holdings in Wolverine World Wide were worth $25,235,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Shelton Capital Management purchased a new stake in Wolverine World Wide in the 2nd quarter worth approximately $265,000. American International Group Inc. increased its holdings in Wolverine World Wide by 5.7% in the 3rd quarter. American International Group Inc. now owns 75,023 shares of the textile maker’s stock worth $2,164,000 after acquiring an additional 4,014 shares in the last quarter. Northern Trust Corp increased its holdings in Wolverine World Wide by 5.7% in the 2nd quarter. Northern Trust Corp now owns 2,009,729 shares of the textile maker’s stock worth $56,293,000 after acquiring an additional 107,517 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Wolverine World Wide by 113.9% in the 2nd quarter. New York State Common Retirement Fund now owns 278,858 shares of the textile maker’s stock worth $7,811,000 after acquiring an additional 148,461 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Wolverine World Wide by 12.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,686,193 shares of the textile maker’s stock worth $48,799,000 after acquiring an additional 191,771 shares in the last quarter. 92.48% of the stock is owned by institutional investors.
Wolverine World Wide, Inc. (NYSE WWW) opened at $32.56 on Thursday. Wolverine World Wide, Inc. has a 52 week low of $20.94 and a 52 week high of $32.87. The company has a quick ratio of 2.06, a current ratio of 3.09 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $3,068.48, a P/E ratio of 54.27, a price-to-earnings-growth ratio of 1.35 and a beta of 0.95.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be paid a $0.06 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.24 annualized dividend and a yield of 0.74%. Wolverine World Wide’s payout ratio is 40.00%.
Several research firms recently issued reports on WWW. Zacks Investment Research lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Pivotal Research began coverage on Wolverine World Wide in a research note on Thursday, October 5th. They issued a “hold” rating and a $32.00 price target for the company. Telsey Advisory Group upped their price target on Wolverine World Wide from $29.00 to $30.00 and gave the stock a “market perform” rating in a research note on Thursday, November 9th. Buckingham Research upped their price target on Wolverine World Wide from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 9th. Finally, Morgan Stanley upped their price target on Wolverine World Wide from $22.50 to $24.50 and gave the stock an “equal weight” rating in a research note on Monday, September 25th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.25.
In other news, Director Joseph R. Gromek sold 18,928 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $29.14, for a total transaction of $551,561.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Jeppesen sold 11,807 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total value of $330,241.79. The disclosure for this sale can be found here. 5.65% of the stock is currently owned by corporate insiders.
About Wolverine World Wide
Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.
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