California Public Employees Retirement System decreased its position in Weight Watchers International, Inc. (NYSE:WTW) by 22.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,952 shares of the company’s stock after selling 30,746 shares during the quarter. California Public Employees Retirement System owned 0.17% of Weight Watchers International worth $4,824,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WTW. Public Employees Retirement Association of Colorado acquired a new stake in shares of Weight Watchers International in the fourth quarter valued at about $113,000. Sei Investments Co. increased its position in shares of Weight Watchers International by 3,364.2% in the third quarter. Sei Investments Co. now owns 4,157 shares of the company’s stock valued at $181,000 after acquiring an additional 4,037 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Weight Watchers International in the third quarter valued at about $216,000. Virginia Retirement Systems ET AL acquired a new stake in shares of Weight Watchers International in the third quarter valued at about $226,000. Finally, Bluestein R H & Co. acquired a new stake in shares of Weight Watchers International in the third quarter valued at about $240,000. 92.10% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on WTW. Zacks Investment Research raised Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, March 6th. Craig Hallum lifted their target price on Weight Watchers International from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. B. Riley reaffirmed a “buy” rating and issued a $98.00 target price (up previously from $86.00) on shares of Weight Watchers International in a research report on Wednesday, February 28th. Sidoti raised Weight Watchers International from a “neutral” rating to a “buy” rating in a research report on Monday, March 5th. Finally, ValuEngine raised Weight Watchers International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $72.00.
Weight Watchers International (NYSE:WTW) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $312.50 million for the quarter, compared to the consensus estimate of $309.35 million. Weight Watchers International had a negative return on equity of 10.38% and a net margin of 12.52%. research analysts expect that Weight Watchers International, Inc. will post 2.58 EPS for the current year.
In other Weight Watchers International news, Director Denis F. Kelly purchased 2,200 shares of the stock in a transaction on Thursday, March 8th. The shares were purchased at an average price of $62.43 per share, with a total value of $137,346.00. Following the completion of the transaction, the director now directly owns 41,852 shares in the company, valued at $2,612,820.36. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Oprah Winfrey sold 262,860 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $62.92, for a total value of $16,539,151.20. Following the transaction, the director now directly owns 6,009,283 shares in the company, valued at approximately $378,104,086.36. The disclosure for this sale can be found here. 15.75% of the stock is owned by insiders.
Weight Watchers International Company Profile
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
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