SG Americas Securities LLC Reduces Stock Position in Wolverine World Wide, Inc. (NYSE:WWW)

SG Americas Securities LLC cut its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 78.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,231 shares of the textile maker’s stock after selling 19,248 shares during the period. SG Americas Securities LLC’s holdings in Wolverine World Wide were worth $116,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Wolverine World Wide by 0.5% in the third quarter. State Street Corp now owns 3,065,736 shares of the textile maker’s stock valued at $53,405,000 after acquiring an additional 16,228 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Wolverine World Wide by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,791,789 shares of the textile maker’s stock valued at $31,219,000 after acquiring an additional 17,400 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Wolverine World Wide by 1,263.0% in the third quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock valued at $24,857,000 after acquiring an additional 1,322,254 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Wolverine World Wide by 51.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker’s stock valued at $17,324,000 after acquiring an additional 335,669 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Wolverine World Wide in the third quarter valued at approximately $10,974,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wolverine World Wide Trading Down 1.4 %

WWW opened at $20.50 on Wednesday. The business has a fifty day moving average price of $22.73 and a 200 day moving average price of $18.63. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77. Wolverine World Wide, Inc. has a 12 month low of $8.25 and a 12 month high of $24.64. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -23.03 and a beta of 1.88.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st 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 1.95%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio is presently -44.94%.

Insider Buying and Selling

In related news, insider Isabel Soriano sold 7,687 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $23.57, for a total transaction of $181,182.59. Following the sale, the insider now directly owns 34,206 shares in the company, valued at approximately $806,235.42. This represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and upped their price target for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $15.00 price target on shares of Wolverine World Wide in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wolverine World Wide currently has an average rating of “Moderate Buy” and a consensus price target of $19.38.

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.