WellPoint (NYSE:WLP) EVP John Cannon sold 114,336 shares of WellPoint stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $86.95, for a total transaction of $9,941,515.20. Following the transaction, the executive vice president now directly owns 116,748 shares in the company. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of WellPoint in a research note to investors on Thursday. They now have a $88.00 price target on the stock, up previously from $86.00. Separately, analysts at Zacks upgraded shares of WellPoint from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 30th. They now have a $103.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of WellPoint from $67.00 to $85.00 in a research note to investors on Friday, July 26th. They now have a “neutral” rating on the stock.
One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $87.65.
Shares of WellPoint (NYSE:WLP) traded down 1.40% on Thursday, hitting $85.42. 1,582,039 shares of the company’s stock traded hands. WellPoint has a one year low of $53.69 and a one year high of $90.00. The stock’s 50-day moving average is $85.16 and its 200-day moving average is $74.03. The company has a market cap of $25.537 billion and a P/E ratio of 9.44.
WellPoint (NYSE:WLP) last announced its earnings results on Wednesday, July 24th. The company reported $2.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.09 by $0.51. The company had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.89 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts expect that WellPoint will post $8.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.38 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Friday, September 6th.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States, serving 34.
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