Insider Selling: Washington Post Director Sells 3,992 Shares of Stock (WPO)
Washington Post (NYSE:WPO) Director Katharine Weymouth sold 3,992 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $610.65, for a total value of $2,437,714.80. Following the transaction, the director now directly owns 19,721 shares in the company, valued at approximately $12,042,629. The transaction was disclosed in a document filed with the SEC, which is available at this link.
WPO has been the subject of a number of recent research reports. 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.
Shares of Washington Post (NYSE:WPO) traded up 0.56% on Friday, hitting $613.39. The stock had a trading volume of 12,462 shares. 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 $588.6 and its 200-day moving average is $512.2. The company has a market cap of $4.553 billion and a price-to-earnings ratio of 46.84.
Washington Post (NYSE:WPO) last posted its quarterly earnings results on Friday, August 2nd. The company reported $8.47 EPS for the quarter. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $989.10 million.
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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