Bank of America Corp DE Boosts Stake in Weight Watchers International, Inc. (WTW)

Bank of America Corp DE lifted its stake in shares of Weight Watchers International, Inc. (NYSE:WTW) by 456.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,192 shares of the company’s stock after buying an additional 100,222 shares during the period. Bank of America Corp DE owned approximately 0.18% of Weight Watchers International worth $12,354,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can acquired a new stake in shares of Weight Watchers International during the second quarter worth $174,000. Evanston Investments Inc. dba Evanston Advisors purchased a new position in shares of Weight Watchers International during the second quarter worth $202,000. Envestnet Asset Management Inc. purchased a new position in shares of Weight Watchers International during the first quarter worth $155,000. First Mercantile Trust Co. purchased a new position in shares of Weight Watchers International during the second quarter worth $258,000. Finally, People s United Financial Inc. purchased a new position in shares of Weight Watchers International during the second quarter worth $272,000. Institutional investors and hedge funds own 91.34% of the company’s stock.

In other Weight Watchers International news, major shareholder S.A. Westend sold 6,000,000 shares of Weight Watchers International stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $76.00, for a total value of $456,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Corinne Pollier-Bousquet sold 2,500 shares of Weight Watchers International stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $80.00, for a total transaction of $200,000.00. Following the completion of the transaction, the insider now directly owns 29,456 shares of the company’s stock, valued at approximately $2,356,480. The disclosure for this sale can be found here. Insiders sold 6,195,223 shares of company stock valued at $470,747,775 in the last ninety days. 12.31% of the stock is owned by corporate insiders.

WTW opened at $66.86 on Friday. Weight Watchers International, Inc. has a fifty-two week low of $41.15 and a fifty-two week high of $105.73. The company has a debt-to-equity ratio of -1.77, a current ratio of 0.77 and a quick ratio of 0.72. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 40.55, a PEG ratio of 1.07 and a beta of 2.96.

Weight Watchers International (NYSE:WTW) last released its quarterly earnings data on Monday, August 6th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.13. Weight Watchers International had a net margin of 14.96% and a negative return on equity of 16.18%. The company had revenue of $409.70 million during the quarter, compared to analysts’ expectations of $409.49 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, equities analysts anticipate that Weight Watchers International, Inc. will post 2.98 EPS for the current year.

WTW has been the subject of several recent research reports. UBS Group reduced their target price on shares of Weight Watchers International from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, August 7th. Morgan Stanley initiated coverage on shares of Weight Watchers International in a report on Thursday, September 13th. They set an “equal weight” rating and a $76.00 target price for the company. Goldman Sachs Group initiated coverage on shares of Weight Watchers International in a report on Tuesday, September 4th. They set a “neutral” rating and a $73.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Weight Watchers International to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, August 7th. Finally, ValuEngine cut shares of Weight Watchers International from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $101.25.

About Weight Watchers International

Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.

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Institutional Ownership by Quarter for Weight Watchers International (NYSE:WTW)

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