Oprah Winfrey Nets Small Fortune On Sale of Weight Watchers (WTW) Stock

NYSE: WTW | Weight Watchers International Inc News, Ratings, and Charts

WTW – Oprah Winfrey disclosed she sold 25% of her Weight Watchers stake for philanthropic efforts and to diversity her investment portfolio.

Oprah Winfrey helped spark a turnaround for Weight Watchers International, Inc. (NYSE:WTW), and she’s now reaping the rewards. The media mogul has netted as hefty profit by selling some shares of the company, and she’s also shared the wealth with her charitable foundation.  

Bloomberg has the news on Oprah’s recent transactions.

Oprah Winfrey, who spurred a comeback at Weight Watchers International Inc. when she bought a stake in the company in 2015, is cashing in on the turnaround.

Winfrey made $110 million this month by selling 2 million shares of the company, most of which came from exercising options, according to a regulatory filing. She also donated 361,000 shares to her charitable foundation, which sold them for $22.6 million.

The company notes that Winfrey has no plans to sell any additional shares of the company. As for Winfrey, she says she unloaded the shares in a bid to further diversify her portfolio while also making a sizable donation.

“I am deeply committed to Weight Watchers and continue to see a bright future for the company,” she said in a statement.

Weight Watchers International, Inc. shares were trading at $61.13 per share on Wednesday afternoon, up $2.71 (+4.64%). Year-to-date, WTW has gained 38.05%, versus a 2.22% rise in the benchmark S&P 500 index during the same period.

WTW currently has a StockNews.com POWR Rating of C (Neutral), and is ranked #5 of 11 stocks in the Medical – Consumer Goods category.

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The day of this event (Mar. 7, 2018)
WTW Closing Price$61.13 4.64%
WTW Volume3,620,800
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WTW 1-day return7.08%
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WTW 5-day return9.31%

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