Wolverine World Wide, Inc. (NYSE:WWW) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 8.4% during the 3rd quarter, according to its most recent Form 13F 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 quarter. Mutual of America Capital Management LLC’s holdings in Wolverine World Wide were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WWW. Price T Rowe Associates Inc. MD grew its position in Wolverine World Wide by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,307 shares of the textile maker’s stock worth $632,000 after buying an additional 2,907 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of Wolverine World Wide in the second quarter valued at approximately $7,098,000. SG Americas Securities LLC acquired a new stake in shares of Wolverine World Wide in the second quarter valued at approximately $548,000. Nisa Investment Advisors LLC grew its position in shares of Wolverine World Wide by 41.1% in the second quarter. Nisa Investment Advisors LLC now owns 41,391 shares of the textile maker’s stock valued at $560,000 after purchasing an additional 12,061 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of Wolverine World Wide by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 40,200 shares of the textile maker’s stock valued at $544,000 after purchasing an additional 800 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wolverine World Wide Stock Performance

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. The company has a market cap of $1.86 billion, a P/E ratio of -26.06 and a beta of 1.78. Wolverine World Wide, Inc. has a fifty-two week low of $7.58 and a fifty-two week high of $24.09. The firm’s 50 day moving average is $18.48 and its two-hundred day moving average is $15.22.

Wolverine World Wide Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WWW. Telsey Advisory Group reiterated a “market perform” rating and issued a $15.00 price target on shares of Wolverine World Wide in a research report on Thursday, November 7th. Argus upgraded shares of Wolverine World Wide to a “hold” rating in a research report on Friday, August 16th. KeyCorp upgraded 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 report 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 price objective on the stock in a research note on Thursday, October 3rd. Finally, Robert W. Baird upped their price objective on shares of Wolverine World Wide from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.00.

About Wolverine World Wide

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.