BlackRock Amends Wolverine World Wide Stake Filing
Ticker: WWW · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 110471
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns Wolverine World Wide stock, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Wolverine World Wide Inc. common stock as of December 31, 2023. This filing updates previous disclosures, confirming BlackRock's continued significant, but passive, investment in the footwear company. This matters to investors because BlackRock is a major institutional investor, and its continued holding signals a degree of confidence in Wolverine World Wide's long-term prospects, even if the exact percentage of ownership isn't detailed in this excerpt.
Why It Matters
This filing confirms BlackRock, a major institutional investor, continues to hold a significant stake in Wolverine World Wide, which can be seen as a vote of confidence in the company's future.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating no immediate change in investment strategy or significant new risks.
Analyst Insight
Investors should note that a major institutional investor like BlackRock continues to hold Wolverine World Wide stock, suggesting a baseline level of confidence, but this filing alone doesn't provide new catalysts for price movement.
Key Numbers
- 978097103 — CUSIP Number (Identifies the specific class of securities (Common Stock of Wolverine World Wide Inc.))
- 20240122 — Filing Date (The date the SC 13G/A amendment was filed with the SEC)
- 20231231 — Date of Event (The date as of which BlackRock's ownership position is being reported)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Wolverine World Wide Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A amendment
- 978097103 (number) — the CUSIP number for Wolverine World Wide Inc. Common Stock
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Wolverine World Wide Inc. for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1)'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company of this filing?
The subject company is WOLVERINE WORLD WIDE INC /DE/, as indicated by 'COMPANY CONFORMED NAME: WOLVERINE WORLD WIDE INC /DE/' and '(Name of Issuer) WOLVERINE WORLD WIDE INC'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding WOLVERINE WORLD WIDE INC /DE/ (WWW).