WellPoint EVP John Cannon Sells 13,799 Shares (WLP)
WellPoint (NYSE:WLP) EVP John Cannon sold 13,799 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $87.33, for a total value of $1,205,066.67. Following the transaction, the executive vice president now directly owns 116,748 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on WLP shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of WellPoint (NYSE:WLP) in a research note to investors on Thursday, August 15th. They now have a $88.00 price target on the stock, up previously from $86.00. Separately, analysts at Zacks upgraded shares of WellPoint (NYSE:WLP) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 30th. They now have a $103.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of WellPoint (NYSE:WLP) from $67.00 to $85.00 in a research note to investors on Friday, July 26th. They now have a “neutral” rating on the stock.
One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the stock. WellPoint has an average rating of “Hold” and a consensus target price of $87.65.
WellPoint (NYSE:WLP) traded down 0.90% during mid-day trading on Thursday, hitting $88.46. The stock had a trading volume of 1,594,327 shares. WellPoint has a 52-week low of $53.69 and a 52-week high of $90.00. The stock has a 50-day moving average of $86.46 and a 200-day moving average of $76.93. The company has a market cap of $26.446 billion and a P/E ratio of 9.73.
WellPoint (NYSE:WLP) last announced its earnings results on Wednesday, July 24th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.51. The company had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.89 billion. During the same quarter in the prior year, the company posted $2.04 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts expect that WellPoint will post $8.26 EPS for the current fiscal year.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States, serving 34.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.