Integrated Investment Consultants LLC Sells 3,462 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Integrated Investment Consultants LLC reduced its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,472 shares of the textile maker’s stock after selling 3,462 shares during the period. Integrated Investment Consultants LLC’s holdings in Wolverine World Wide were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WWW. Earnest Partners LLC grew its position in shares of Wolverine World Wide by 1.7% during the 2nd quarter. Earnest Partners LLC now owns 5,321,797 shares of the textile maker’s stock worth $71,951,000 after purchasing an additional 90,407 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Wolverine World Wide during the second quarter worth approximately $64,295,000. State Street Corp increased its stake in Wolverine World Wide by 0.5% during the 3rd quarter. State Street Corp now owns 3,065,736 shares of the textile maker’s stock worth $53,405,000 after acquiring an additional 16,228 shares during the period. Geode Capital Management LLC raised its holdings in Wolverine World Wide by 1.0% in the 3rd 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Wolverine World Wide by 1,263.0% during the 3rd 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 period. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Stock Down 0.1 %

Shares of NYSE:WWW opened at $22.83 on Friday. Wolverine World Wide, Inc. has a 52-week low of $7.88 and a 52-week high of $24.64. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91. The company has a fifty day moving average of $22.80 and a 200-day moving average of $17.56.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be issued 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 1.75%. Wolverine World Wide’s payout ratio is presently -44.94%.

Insider Buying and Selling at Wolverine World Wide

In related news, insider Isabel Soriano sold 7,687 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $23.57, for a total transaction of $181,182.59. Following the completion of the transaction, the insider now directly owns 34,206 shares of the company’s stock, valued at $806,235.42. This trade represents a 18.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amy M. Klimek sold 10,214 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.11, for a total value of $205,403.54. Following the completion of the sale, the insider now owns 19,093 shares in the company, valued at $383,960.23. This trade represents a 34.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,901 shares of company stock worth $916,266. 2.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

WWW has been the subject of a number of analyst reports. BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Thursday, October 3rd. Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their target price for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $15.00 price objective on shares of Wolverine World Wide in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Wolverine World Wide has an average rating of “Moderate Buy” and an average price target of $19.38.

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.