Willis Towers Watson Public Limited Company $WTW Shares Sold by Wedmont Private Capital

Wedmont Private Capital decreased its holdings in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 12.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 885 shares of the company’s stock after selling 129 shares during the period. Wedmont Private Capital’s holdings in Willis Towers Watson Public were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of WTW. Brighton Jones LLC grew its stake in shares of Willis Towers Watson Public by 4.7% during the fourth quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock worth $429,000 after purchasing an additional 61 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Willis Towers Watson Public by 2.8% during the fourth quarter. Vident Advisory LLC now owns 1,405 shares of the company’s stock worth $440,000 after purchasing an additional 38 shares in the last quarter. Waverly Advisors LLC acquired a new position in shares of Willis Towers Watson Public during the fourth quarter worth $302,000. Vise Technologies Inc. grew its stake in shares of Willis Towers Watson Public by 20.3% during the fourth quarter. Vise Technologies Inc. now owns 1,220 shares of the company’s stock worth $382,000 after purchasing an additional 206 shares in the last quarter. Finally, GTS Securities LLC grew its stake in shares of Willis Towers Watson Public by 74.0% during the fourth quarter. GTS Securities LLC now owns 1,951 shares of the company’s stock worth $611,000 after purchasing an additional 830 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Willis Towers Watson Public Trading Up 1.5%

NASDAQ WTW opened at $336.71 on Monday. The stock has a market capitalization of $32.85 billion, a P/E ratio of 230.62, a P/E/G ratio of 2.68 and a beta of 0.71. Willis Towers Watson Public Limited Company has a 52-week low of $286.00 and a 52-week high of $344.14. The firm has a 50-day moving average price of $324.16 and a 200 day moving average price of $317.41. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.58.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.21. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Willis Towers Watson Public had a net margin of 1.40% and a return on equity of 21.60%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $2.55 earnings per share. Equities research analysts expect that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current year.

Willis Towers Watson Public declared that its Board of Directors has authorized a stock repurchase program on Thursday, September 18th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Willis Towers Watson Public Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 30th. Willis Towers Watson Public’s dividend payout ratio is presently 252.05%.

Wall Street Analyst Weigh In

WTW has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Willis Towers Watson Public from $387.00 to $369.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Wolfe Research upgraded shares of Willis Towers Watson Public to a “hold” rating in a research note on Monday, September 15th. Cantor Fitzgerald started coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $355.00 price target for the company. Citigroup started coverage on shares of Willis Towers Watson Public in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $351.00 price target for the company. Finally, Barclays reduced their price target on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an “underweight” rating for the company in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $362.92.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.