Bank of America Corp DE Grows Stake in Weight Watchers International, Inc. (WTW)

Bank of America Corp DE lifted its stake in shares of Weight Watchers International, Inc. (NYSE:WTW) by 456.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,192 shares of the company’s stock after purchasing an additional 100,222 shares during the period. Bank of America Corp DE’s holdings in Weight Watchers International were worth $12,354,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new position in Weight Watchers International during the first quarter worth about $155,000. Bank of Montreal Can acquired a new position in Weight Watchers International during the second quarter worth about $174,000. Evanston Investments Inc. dba Evanston Advisors acquired a new position in Weight Watchers International during the second quarter worth about $202,000. Xact Kapitalforvaltning AB acquired a new position in Weight Watchers International during the first quarter worth about $233,000. Finally, Amalgamated Bank acquired a new position in Weight Watchers International during the first quarter worth about $238,000. 91.34% of the stock is owned by institutional investors and hedge funds.

NYSE:WTW opened at $66.86 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of -1.77. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 40.55, a PEG ratio of 1.07 and a beta of 2.96. Weight Watchers International, Inc. has a 1-year low of $41.15 and a 1-year high of $105.73.

Weight Watchers International (NYSE:WTW) last posted its earnings results on Monday, August 6th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.13. The company had revenue of $409.70 million for the quarter, compared to analyst estimates of $409.49 million. Weight Watchers International had a net margin of 14.96% and a negative return on equity of 16.18%. Weight Watchers International’s revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. Equities analysts expect that Weight Watchers International, Inc. will post 2.98 EPS for the current fiscal year.

WTW has been the topic of a number of recent research reports. Craig Hallum boosted their price target on shares of Weight Watchers International from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, June 18th. Zacks Investment Research lowered shares of Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 7th. UBS Group initiated coverage on shares of Weight Watchers International in a research report on Monday, July 9th. They set a “neutral” rating on the stock. KeyCorp initiated coverage on shares of Weight Watchers International in a research report on Monday, July 9th. They set an “overweight” rating and a $115.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Weight Watchers International to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 7th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $101.25.

In other Weight Watchers International news, CFO Nicholas P. Hotchkin sold 131,466 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $75.66, for a total value of $9,946,717.56. Following the transaction, the chief financial officer now directly owns 99,311 shares in the company, valued at approximately $7,513,870.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Corinne Pollier-Bousquet sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $80.00, for a total transaction of $200,000.00. Following the completion of the transaction, the insider now owns 29,456 shares in the company, valued at $2,356,480. The disclosure for this sale can be found here. Insiders sold a total of 6,195,223 shares of company stock worth $470,747,775 over the last quarter. 12.31% of the stock is currently owned by company insiders.

About Weight Watchers International

Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.

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Institutional Ownership by Quarter for Weight Watchers International (NYSE:WTW)

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