UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 8,187 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,108 shares of the textile maker’s stock after acquiring an additional 8,187 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Wolverine World Wide worth $3,207,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WWW. Federated Hermes Inc. lifted its stake in Wolverine World Wide by 10,607.4% in the second quarter. Federated Hermes Inc. now owns 540,402 shares of the textile maker’s stock valued at $7,306,000 after buying an additional 535,355 shares during the period. SG Americas Securities LLC bought a new stake in shares of Wolverine World Wide in the 2nd quarter valued at $548,000. US Bancorp DE lifted its position in shares of Wolverine World Wide by 487.8% during the 3rd quarter. US Bancorp DE now owns 36,776 shares of the textile maker’s stock valued at $641,000 after acquiring an additional 30,519 shares during the period. Landscape Capital Management L.L.C. bought a new position in Wolverine World Wide during the third quarter worth $3,034,000. Finally, Panagora Asset Management Inc. acquired a new stake in Wolverine World Wide in the second quarter worth $3,979,000. 90.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports 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 report on Thursday, November 7th. Argus upgraded Wolverine World Wide to a “hold” rating in a report on Friday, August 16th. BNP Paribas raised shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Thursday, October 3rd. Piper Sandler restated an “overweight” rating and set a $18.00 price objective on shares of Wolverine World Wide in a report on Friday, August 23rd. Finally, Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $29.00 in a report on Wednesday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.38.

Wolverine World Wide Trading Down 0.7 %

NYSE:WWW opened at $23.51 on Friday. Wolverine World Wide, Inc. has a 1 year low of $7.58 and a 1 year high of $24.64. The stock’s fifty day moving average price is $19.65 and its two-hundred day moving average price is $15.84. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77. The company has a market cap of $1.88 billion, a P/E ratio of -26.42 and a beta of 1.89.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be paid a $0.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.70%. Wolverine World Wide’s dividend payout ratio is currently -44.94%.

Insider Buying and Selling at Wolverine World Wide

In other Wolverine World Wide news, insider David A. Latchana sold 7,706 shares of Wolverine World Wide stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $17.02, for a total transaction of $131,156.12. Following the completion of the sale, the insider now 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Amy M. Klimek sold 10,214 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $20.11, for a total transaction of $205,403.54. Following the transaction, the insider now owns 19,093 shares in the company, valued at $383,960.23. The trade was a 34.85 % decrease in their ownership of the stock. 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 in the last 90 days. Corporate insiders own 2.28% of the company’s stock.

Wolverine World Wide 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.