Bank of America Corp DE cut its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,456,875 shares of the textile maker’s stock after selling 49,058 shares during the quarter. Bank of America Corp DE’s holdings in Wolverine World Wide were worth $46,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Wolverine World Wide by 1.0% in the fourth quarter. BlackRock Inc. now owns 13,830,159 shares of the textile maker’s stock worth $441,046,000 after purchasing an additional 133,493 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Wolverine World Wide by 2.1% in the third quarter. Vanguard Group Inc. now owns 9,194,960 shares of the textile maker’s stock worth $359,064,000 after purchasing an additional 187,384 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Wolverine World Wide by 2.1% in the third quarter. Vanguard Group Inc now owns 9,194,960 shares of the textile maker’s stock worth $359,064,000 after purchasing an additional 187,384 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Wolverine World Wide by 0.9% in the third quarter. Earnest Partners LLC now owns 2,632,315 shares of the textile maker’s stock worth $102,792,000 after purchasing an additional 22,355 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Wolverine World Wide by 2.8% in the third quarter. JPMorgan Chase & Co. now owns 2,090,118 shares of the textile maker’s stock worth $81,620,000 after purchasing an additional 57,188 shares during the last quarter. 93.97% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Joseph R. Gromek sold 9,870 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $36.02, for a total value of $355,517.40. Following the completion of the transaction, the director now directly owns 49,310 shares of the company’s stock, valued at $1,776,146.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Amy M. Klimek sold 7,500 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $35.60, for a total value of $267,000.00. Following the transaction, the vice president now directly owns 30,585 shares of the company’s stock, valued at $1,088,826. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,349 shares of company stock valued at $2,589,072. 5.81% of the stock is currently owned by corporate insiders.

WWW has been the subject of several analyst reports. Wedbush reissued an “outperform” rating and issued a $41.00 price objective on shares of Wolverine World Wide in a research note on Thursday, February 7th. ValuEngine raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Telsey Advisory Group reissued a “market perform” rating and issued a $38.00 price objective (up from $35.00) on shares of Wolverine World Wide in a research note on Tuesday, February 19th. Finally, Zacks Investment Research raised Wolverine World Wide from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $40.36.

WWW stock opened at $35.25 on Thursday. The company has a market capitalization of $3.21 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.51 and a beta of 0.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 1.16. Wolverine World Wide, Inc. has a 12-month low of $27.93 and a 12-month high of $39.77.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Wednesday, February 20th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $579.60 million during the quarter, compared to analyst estimates of $584.55 million. Wolverine World Wide had a return on equity of 21.00% and a net margin of 8.90%. Wolverine World Wide’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. Analysts anticipate that Wolverine World Wide, Inc. will post 2.3 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 29th. This is a positive change from Wolverine World Wide’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 1.13%. Wolverine World Wide’s dividend payout ratio is currently 14.75%.

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Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through four segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children's footwear; industrial work boots and apparel; and uniform shoes and boots.

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Institutional Ownership by Quarter for Wolverine World Wide (NYSE:WWW)

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