Mutual of America Capital Management LLC Cuts Stock Position in Wolverine World Wide, Inc. (NYSE:WWW)

Mutual of America Capital Management LLC lessened its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 8.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,034 shares of the textile maker’s stock after selling 1,104 shares during the period. Mutual of America Capital Management LLC’s holdings in Wolverine World Wide were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Future Financial Wealth Managment LLC purchased a new stake in Wolverine World Wide during the 3rd quarter worth $35,000. Canada Pension Plan Investment Board purchased a new stake in Wolverine World Wide during the 2nd quarter worth $68,000. Cedar Mountain Advisors LLC purchased a new stake in Wolverine World Wide during the 3rd quarter worth $70,000. GAMMA Investing LLC increased its stake in Wolverine World Wide by 15.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock worth $78,000 after buying an additional 616 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Wolverine World Wide during the 2nd quarter worth $146,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. KeyCorp raised shares of Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Thursday, August 8th. BNP Paribas raised shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research report on Thursday, October 3rd. Argus raised shares of Wolverine World Wide to a “hold” rating in a research report on Friday, August 16th. Telsey Advisory Group reissued a “market perform” rating and issued a $15.00 target price on shares of Wolverine World Wide in a research report on Thursday, November 7th. Finally, Robert W. Baird boosted their target price on shares of Wolverine World Wide from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Insider Activity at Wolverine World Wide

In other Wolverine World Wide news, insider Amy M. Klimek sold 24,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.07, for a total transaction of $529,680.00. Following the completion of the transaction, the insider now directly owns 20,238 shares of the company’s stock, valued at $446,652.66. The trade was a 54.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Latchana sold 7,706 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $17.02, for a total transaction of $131,156.12. Following the transaction, the insider now directly owns 13,889 shares of the company’s stock, valued at $236,390.78. The trade was a 35.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,920 shares of company stock valued at $866,240 in the last quarter. Insiders own 2.28% of the company’s stock.

Wolverine World Wide Price Performance

Shares of NYSE:WWW opened at $23.19 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. Wolverine World Wide, Inc. has a fifty-two week low of $7.58 and a fifty-two week high of $24.09. The firm has a 50-day simple moving average of $18.48 and a 200 day simple moving average of $15.22. The company has a market cap of $1.86 billion, a PE ratio of -26.06 and a beta of 1.78.

Wolverine World Wide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio is presently -44.94%.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.