Short Interest in WellPoint Expands By 26.8% (WLP)
Shares of WellPoint (NYSE:WLP) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 13,317,888 shares, an increase of 26.8% from the March 31st total of 10,500,673 shares, Analyst Ratings News reports. Approximately 4.7% of the company’s shares are short sold. Based on an average trading volume of 3,341,561 shares, the days-to-cover ratio is currently 4.0 days.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets reiterated a “market perform” rating on shares of WellPoint in a research note on Thursday, May 1st. They now have a $110.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of WellPoint in a research note on Thursday, May 1st. They now have a $101.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of WellPoint in a research note on Thursday, May 1st. They now have a $106.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. WellPoint presently has a consensus rating of “Hold” and an average price target of $110.33.
Shares of WellPoint (NYSE:WLP) opened at 104.74 on Thursday. WellPoint has a 1-year low of $74.51 and a 1-year high of $105.00. The stock has a 50-day moving average of $97.91 and a 200-day moving average of $91.33. The company has a market cap of $30.647 billion and a price-to-earnings ratio of 13.34.
WellPoint (NYSE:WLP) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $2.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.14 by $0.16. The company had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter in the prior year, the company posted $2.94 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that WellPoint will post $8.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, June 6th.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States.
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