Home Diet & Nutrition Weight Watchers Diet Weight Watchers International (WTW) Upgraded by Zacks Investment Research to Hold – Fairfield Current

Weight Watchers International (WTW) Upgraded by Zacks Investment Research to Hold – Fairfield Current

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Weight Watchers International (NYSE:WTW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.

According to Zacks, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity. “

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. set a $70.00 price objective on Weight Watchers International and gave the company a “buy” rating in a research note on Tuesday, November 27th. Bank of America dropped their price objective on Weight Watchers International from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. TheStreet cut Weight Watchers International from a “b-” rating to a “c+” rating in a research note on Monday, January 14th. Morgan Stanley set a $69.00 price objective on Weight Watchers International and gave the company a “hold” rating in a research note on Saturday, November 3rd. Finally, KeyCorp dropped their price objective on Weight Watchers International from $115.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $85.08.

WTW stock traded down $0.74 during midday trading on Friday, hitting $28.64. 3,465,617 shares of the company’s stock were exchanged, compared to its average volume of 3,016,867. Weight Watchers International has a 1-year low of $27.97 and a 1-year high of $105.73.

In related news, insider Corinne Pollier-Bousquet sold 2,019 shares of the business’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $51.26, for a total transaction of $103,493.94. Following the completion of the transaction, the insider now directly owns 26,183 shares of the company’s stock, valued at approximately $1,342,140.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.31% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Weight Watchers International by 24.7% during the 2nd quarter. FMR LLC now owns 8,732,146 shares of the company’s stock worth $882,820,000 after purchasing an additional 1,729,188 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Weight Watchers International by 16.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,326,712 shares of the company’s stock worth $383,471,000 after buying an additional 750,351 shares during the last quarter. Vanguard Group Inc lifted its holdings in Weight Watchers International by 16.4% during the 3rd quarter. Vanguard Group Inc now owns 5,326,712 shares of the company’s stock worth $383,471,000 after buying an additional 750,351 shares during the last quarter. BlackRock Inc. lifted its holdings in Weight Watchers International by 1.7% during the 4th quarter. BlackRock Inc. now owns 4,391,375 shares of the company’s stock worth $169,287,000 after buying an additional 71,294 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in Weight Watchers International by 19.6% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,693,090 shares of the company’s stock worth $121,885,000 after buying an additional 277,047 shares during the last quarter. 91.34% of the stock is owned by hedge funds and other institutional investors.

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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