Insider Selling: Katharine Weymouth Unloads 11,008 Shares of Washington Post Stock (WPO)
Washington Post (NYSE:WPO) Director Katharine Weymouth sold 11,008 shares of Washington Post stock on the open market in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $616.48, for a total transaction of $6,786,211.84. Following the transaction, the director now directly owns 23,713 shares in the company, valued at approximately $14,618,590. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Washington Post (NYSE:WPO) traded down 1.55% during mid-day trading on Tuesday, hitting $600.90. 17,125 shares of the company’s stock traded hands. Washington Post has a 52-week low of $327.00 and a 52-week high of $637.84. The stock’s 50-day moving average is $585.9 and its 200-day moving average is $510.4. The company has a market cap of $4.460 billion and a P/E ratio of 46.87.
Washington Post (NYSE:WPO) last posted its quarterly earnings results on Friday, August 2nd. The company reported $8.47 earnings per share for the quarter. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $989.10 million.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Washington Post from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. Analysts at Zacks reiterated a “neutral” rating on shares of Washington Post in a research note to investors on Monday, August 12th. They now have a $614.00 price target on the stock.
The Washington Post Company is a diversified education and media company. The Company’s Kaplan subsidiary provides a variety of educational services, both domestically and outside the United States.
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