Oprah Sheds Stake In Weight Watchers, Remains 'Committed' To The Company

Weight Watchers International, Inc. WTW fell more than 5 percent Wednesday after the firm’s celebrity figurehead surrendered shares.

In a “normal diversification of her investment portfolio,” Oprah Winfrey divested or donated to her philanthropic foundation no more than 25 percent of her holdings, which regulatory filings showed previously totaled 6,369,893 shares. She intends not to sell any more this year, according to a press release.

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

The Relationship

Winfrey’s involvement in the company has been critical. Since she joined the program, the board and the investor base back in 2015, the stock has been on a tear, up 1151 at its peak in February 2018. In that time, Winfrey has seen her original investment, an estimated $44,343,857.90, grow to about $372,129,149.

And she seems to wield the power to increase it with a breath. Weight Watchers is at the mercy of her testimonies, her tweets, her intimated presidential prospects. The latter lifted shares 14 percent in January, and her subsequent denial of Oval Office ambitions catalyzed a 6-percent plunge.

Weight Watchers' stock seemed to be recovering Wednesday morning as investors considered the insignificant purpose of her divestiture. At time of publication, shares were down just 17 cents off Tuesday’s $58.42 close.

Related Links:

Can Oprah Do For Kraft Heinz What She Did For Weight Watchers?

Weight Watchers: How A Holder Of One Share Has More Voting Power Than Oprah

Photo by Bill Ebbesen/Wikimedia.

Posted In: OprahOprah WinfreyNewsLegalTop StoriesMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.