Vanguard Group Inc. increased its stake in Herbalife Ltd. (NYSE:HLF) by 12.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,044,640 shares of the company’s stock after buying an additional 688,272 shares during the period. Vanguard Group Inc. owned 6.51% of Herbalife worth $353,792,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. IBM Retirement Fund boosted its stake in Herbalife by 0.9% in the second quarter. IBM Retirement Fund now owns 7,450 shares of the company’s stock valued at $436,000 after buying an additional 69 shares during the period. CIBC Asset Management Inc boosted its stake in Herbalife by 1.9% in the second quarter. CIBC Asset Management Inc now owns 5,299 shares of the company’s stock valued at $310,000 after buying an additional 99 shares during the period. Aperio Group LLC boosted its stake in Herbalife by 1.7% in the first quarter. Aperio Group LLC now owns 11,283 shares of the company’s stock valued at $695,000 after buying an additional 192 shares during the period. Calvert Investment Management Inc. boosted its stake in Herbalife by 5.7% in the second quarter. Calvert Investment Management Inc. now owns 5,168 shares of the company’s stock valued at $302,000 after buying an additional 280 shares during the period. Finally, Utah Retirement Systems boosted its stake in Herbalife by 2.3% in the second quarter. Utah Retirement Systems now owns 13,365 shares of the company’s stock valued at $783,000 after buying an additional 300 shares during the period.
Shares of Herbalife Ltd. (NYSE:HLF) traded down 0.52% during midday trading on Friday, reaching $63.09. The company’s stock had a trading volume of 32,613 shares. The company has a 50 day moving average of $61.95 and a 200-day moving average of $61.57. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 21.62 and a beta of 1.83. Herbalife Ltd. has a 52 week low of $42.26 and a 52 week high of $72.22.
Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, August 3rd. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.08. Herbalife had a net margin of 5.55% and a negative return on equity of 2,099.28%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts predict that Herbalife Ltd. will post $4.83 earnings per share for the current year.
Several research firms have weighed in on HLF. Pivotal Research reiterated a “buy” rating and issued a $90.00 price objective on shares of Herbalife in a report on Sunday, July 17th. Zacks Investment Research cut Herbalife from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. SunTrust Banks Inc. restated a “neutral” rating and issued a $66.00 target price on shares of Herbalife in a research note on Friday, August 5th. Finally, TheStreet cut Herbalife from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $67.38.
In other Herbalife news, insider Shin-Shing Bosco Chiu sold 2,000 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $68.00, for a total transaction of $136,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Carl C. Icahn bought 2,304,683 shares of the stock in a transaction on Friday, August 26th. The shares were bought at an average price of $59.31 per share, for a total transaction of $136,690,748.73. The disclosure for this purchase can be found here. Company insiders own 4.91% of the company’s stock.
Herbalife Company Profile
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.
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