Wolverine World Wide, Inc. (NYSE:WWW) Position Reduced by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 18.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,375,580 shares of the textile maker's stock after selling 300,991 shares during the period. Charles Schwab Investment Management Inc. owned 1.72% of Wolverine World Wide worth $23,963,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new position in shares of Wolverine World Wide in the 3rd quarter valued at about $35,000. Canada Pension Plan Investment Board acquired a new position in Wolverine World Wide during the second quarter valued at approximately $68,000. Cedar Mountain Advisors LLC purchased a new stake in Wolverine World Wide during the third quarter worth approximately $70,000. GAMMA Investing LLC increased its position in shares of Wolverine World Wide by 15.9% in the third quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker's stock worth $78,000 after acquiring an additional 616 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Wolverine World Wide in the second quarter worth $146,000. Institutional investors and hedge funds own 90.25% of the company's stock.

Insider Buying and Selling at Wolverine World Wide

In other news, insider David A. Latchana sold 7,706 shares of the business'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 owns 13,889 shares of the company's stock, valued at approximately $236,390.78. The trade was a 35.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Amy M. Klimek sold 24,000 shares of Wolverine World Wide 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 sale, the insider now owns 20,238 shares in the company, valued at approximately $446,652.66. This represents a 54.25 % 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 worth $866,240 over the last 90 days. Insiders own 2.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and set a $15.00 price target on shares of Wolverine World Wide in a research report on Thursday, November 7th. Robert W. Baird increased their target price on Wolverine World Wide from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, August 8th. BNP Paribas raised Wolverine World Wide from a "neutral" rating to an "outperform" rating and set a $22.00 price target on the stock in a research report on Thursday, October 3rd. KeyCorp upgraded Wolverine World Wide from a "sector weight" rating to an "overweight" rating and set a $20.00 price target for the company in a report on Thursday, August 8th. Finally, Argus upgraded shares of Wolverine World Wide to a "hold" rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Wolverine World Wide presently has a consensus rating of "Moderate Buy" and an average target price of $18.00.

Wolverine World Wide Stock Performance

Shares of WWW stock traded up $0.01 during mid-day trading on Friday, reaching $22.99. 676,867 shares of the company were exchanged, compared to its average volume of 1,104,195. 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 business's 50 day simple moving average is $19.07 and its 200 day simple moving average is $15.50. Wolverine World Wide, Inc. has a fifty-two week low of $7.58 and a fifty-two week high of $24.16.

Wolverine World Wide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. Wolverine World Wide's dividend payout ratio (DPR) is -44.94%.

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.