Prudential Financial Inc. boosted its holdings in Weight Watchers International, Inc. (NYSE:WTW) by 118.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,618 shares of the company’s stock after buying an additional 20,370 shares during the quarter. Prudential Financial Inc.’s holdings in Weight Watchers International were worth $2,708,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in WTW. JPMorgan Chase & Co. raised its position in shares of Weight Watchers International by 136.7% during the third quarter. JPMorgan Chase & Co. now owns 125,038 shares of the company’s stock worth $9,002,000 after acquiring an additional 72,222 shares during the last quarter. ING Groep NV bought a new position in shares of Weight Watchers International during the third quarter worth about $425,000. Icon Advisers Inc. Co. bought a new position in shares of Weight Watchers International during the third quarter worth about $626,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Weight Watchers International during the third quarter worth about $1,666,000. Finally, Virginia Retirement Systems ET AL bought a new position in shares of Weight Watchers International during the third quarter worth about $504,000. 91.34% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on WTW shares. Morgan Stanley started coverage on Weight Watchers International in a research report on Thursday, September 13th. They set an “equal weight” rating and a $76.00 price objective for the company. JPMorgan Chase & Co. set a $120.00 price objective on Weight Watchers International and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Goldman Sachs Group started coverage on Weight Watchers International in a research report on Tuesday, September 4th. They set a “neutral” rating and a $73.00 price objective for the company. Zacks Investment Research downgraded Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research report on Saturday, October 13th. Finally, Bank of America lowered their price objective on Weight Watchers International from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, October 4th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $93.58.
Weight Watchers International (NYSE:WTW) last issued its earnings results on Thursday, November 1st. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.01. The business had revenue of $365.80 million during the quarter, compared to the consensus estimate of $377.95 million. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share.
In other Weight Watchers International news, insider Mindy F. Grossman bought 7,000 shares of the stock in a transaction on Tuesday, November 6th. The stock was acquired at an average cost of $50.10 per share, for a total transaction of $350,700.00. Following the completion of the acquisition, the insider now owns 48,533 shares in the company, valued at approximately $2,431,503.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Corinne Pollier-Bousquet sold 2,019 shares of Weight Watchers International stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $51.26, for a total value of $103,493.94. Following the completion of the sale, the insider now owns 26,183 shares of the company’s stock, valued at $1,342,140.58. The disclosure for this sale can be found here. Insiders own 12.31% of the company’s stock.
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About Weight Watchers International
Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.
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