How did Oprah Winfrey sell $16 million of her WW shares?
Oprah Winfrey recently disclosed the sale of more than $16 million of WW International shares. The media icon made the sale through both a personal account and the Oprah Winfrey Charitable Foundation. WW (ticker: WW) is still probably best known by its former name, Weight Watchers.
How much of Weight Watchers does Oprah own?
Oprah Winfrey owns about 8 percent of Weight Watchers shares, according to FactSet. Winfrey’s stake loses nearly $46 million in market value Tuesday in after-hours trading. Oprah Winfrey.
What happened to Oprah’s stake in own network?
On Tuesday, Oprah Winfrey sold most of her Oprah Winfrey Network (OWN) shares to Discovery Inc. for more than $36 million in stock. According to Bloomberg, the deal increases Discovery’s stake in OWN to 95%, but Winfrey will hold on to her CEO and chief creative officer positions.
Is Oprah Winfrey’s own network owned by Discovery?
According to Bloomberg, the deal increases Discovery’s stake in OWN to 95%, but Winfrey will hold on to her CEO and chief creative officer positions. Trading off the talk show host’s colossal popularity, OWN was co-founded by Winfrey and Discovery in 2011 as a female-focused network.
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Does Oprah Winfrey still own part of Weight Watchers?
Entertainment mogul Winfrey made a large personal investment in WW in October 2015 and continues to hold stock. She is also the company's spokesperson through 2025.
What stocks does Oprah own?
Oprah Winfrey Stock Portfolio: Companies To ConsiderUnited Natural Foods, Inc. (NYSE:UNFI) ... Oatly Group AB (NASDAQ:OTLY) Number of Hedge Fund Holders: 19. ... WW International, Inc. (NASDAQ:WW) ... The Kraft Heinz Company (NASDAQ:KHC) Number of Hedge Fund Holders: 33. ... General Mills, Inc. (NYSE:GIS)
Does Oprah Winfrey have anything to do with Weight Watchers?
OPRAH WINFREY AND WEIGHT WATCHERS JOIN FORCES IN GROUNDBREAKING PARTNERSHIP | WW USA. NEW YORK, NY (October 19, 2015) – Oprah Winfrey and Weight Watchers International, Inc. (NYSE: WTW) have joined together in a groundbreaking partnership to inspire people around the world to lead a healthier and more fulfilling life.
What are Oprah's assets?
Oprah Winfrey Net Worth 2022: Career, Income, Assets, HouseNet Worth:$2.75 BillionMonthly Income:$16 Million +Date of Birth:January 29, 1954Gender:FemaleHeight:1.69 M (5′ 7″)4 more rows
What is Oprah Winfrey's net worth?
2.5 billion USD (2022)Oprah Winfrey / Net worth
What is wrong with Weight Watchers?
Weight Watchers focuses on counting points, not calories. However, counting calories is also important. If you consume calories significantly below the average intake of 2000 calories per day, you are at risk for undernourishment. For example, Weight Watchers frozen meals contain an average of 250 to 300 calories each.
How is WW doing financially?
WW is guiding for full-year revenue "modestly above $1.2 billion", which if confirmed, represents a decline of 13% compared to $1.378 in 2020. The company is also targeting EPS between $0.80 and $0.90 which includes about $0.51 in debt repayment and restructuring charges.
Who owns Weight Watchers now?
Since 1999, the chairman of the company has been Raymond Debbane, co-founder and CEO of The Invus Group. In 2015, Oprah Winfrey purchased a 10 percent ownership stake in WW International and serves as a member of the board of directors.
How much did Oprah Winfrey sell WW International shares?
Oprah Winfrey recently disclosed the sale of more than $16 million of WW International shares. The media icon made the sale through both a personal account and the Oprah Winfrey Charitable Foundation.
How much did Oprah Winfrey sell in Weight Watchers?
Oprah Winfrey Sells Millions of Dollars of Slumping Weight Watchers Stock. Oprah Winfrey sold more than $16 million of stock in WW International earlier this month, both from a personal account and through her foundation. The weight-loss and wellness firm’s shares have tumbled in the face of the coronavirus pandemic.
How much did Winfrey sell WW shares?
The most recent previous sale was in March 2018, when Winfrey sold 2 million WW shares for $120.1 million, a per-share average price of $60.10. She had gifted 361,000 WW shares to her foundation, which sold them for $22.6 million, or $62.56 each on average.
Does Oprah own WW stock?
The Oprah Winfrey Charitable Foundation doesn’t currently own any WW stock. Winfrey didn’t respond to a request for comment made to a law firm that is listed as her contact on her SEC forms. The latest transaction is her first sale in a couple of years.
How many weight watchers shares does Oprah Winfrey own?
Winfrey owns more than 5 million shares of Weight Watchers, or about 8 percent of the company, according to FactSet. VIDEO.
How much is Oprah Winfrey's weight watchers stake worth?
Winfrey’s stake in Weight Watchers was valued at $160.18 million when the markets closed Tuesday. It quickly plunged when the company released its earnings after the markets closed, falling to $112.1 million, erasing $48 million in value within minutes of after-hours trading.
How much did Oprah Winfrey sell in March?
But she sold about 2 million in March at prices ranging from about $58 to $64 a share. She made $110 million in the process. Winfrey also donated more than 360,000 shares to her charitable organization. Investors aren't worried about the stock sales, though.
Who is the woman in the Weight Watchers ads?
Winfrey, who is also on the company's board and is featured in Weight Watchers ads, clearly deserves some credit for that. Weight Watchers has also benefited from its new Freestyle program, which expands the company's famous "zero points" offerings beyond fruits and vegetables to eggs, beans, chicken and seafood.
What did Grossman say about the new skinny?
Grossman told analysts on a conference call in late February that "healthy is the new skinny," and she made a similar point after Thursday's earnings report. "Our purpose is to inspire healthy habits for real life for people, families, communities, the world," Grossman said.
Who is the celebrity who endorses Weight Watchers?
Actor and writer Kevin Smith, celebrity chef Eric Greenspan and music mogul DJ Khaled are all endorsing Weight Watchers. But as the stock price of Weight Watchers has climbed, Winfrey has actually taken some of her Weight Watchers chips off the table recently. She still owns nearly 5.5 million shares.
Did Oprah Winfrey invest in Weight Watchers?
Winfrey's decision to invest in Weight Watchers ( WTW) nearly two and a half years ago has turned out to be a great move for her — and anyone else who bought the stock when Winfrey did and has been along for the ride ever since.
How much did Oprah Winfrey buy Discovery?
In 2017 Discovery purchased a 25% stake from Winfrey for $70 million.
How many staffers did Oprah lay off?
In November, we reported that Hearst Magazines planned to lay off 60 staffers from Winfrey’s publication, The Oprah Magazine. The news came as Winfrey signed on for a multi-year deal with Apple TV + in 2018.
When did Own start?
Trading off the talk show host’s colossal popularity, OWN was co-founded by Winfrey and Discovery in 2011 as a female-focused network. Efforts to engage a multiracial audience proved difficult when the cable network first hit the airwaves, and the network suffered losses.
Is Oprah's own on Discovery Plus?
Discovery Plus launches next month, and the content of OWN is expected to be part of the new streaming service. On Tuesday, Oprah Winfrey sold most of her Oprah Winfrey Network (OWN) shares to Discovery Inc. for more than $36 million in stock.
