Swiss National Bank Sells 2,600 Shares of World Wrestling Entertainment, Inc. (NYSE:WWE)

Swiss National Bank lowered its holdings in shares of World Wrestling Entertainment, Inc. (NYSE:WWEGet Rating) by 2.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 103,100 shares of the company’s stock after selling 2,600 shares during the period. Swiss National Bank owned 0.14% of World Wrestling Entertainment worth $6,443,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Truist Financial Corp bought a new stake in shares of World Wrestling Entertainment during the first quarter worth approximately $378,000. Signaturefd LLC boosted its holdings in shares of World Wrestling Entertainment by 67.6% during the first quarter. Signaturefd LLC now owns 491 shares of the company’s stock worth $31,000 after acquiring an additional 198 shares during the period. Versor Investments LP boosted its holdings in shares of World Wrestling Entertainment by 50.4% during the first quarter. Versor Investments LP now owns 11,284 shares of the company’s stock worth $705,000 after acquiring an additional 3,783 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of World Wrestling Entertainment by 15.1% during the first quarter. Envestnet Asset Management Inc. now owns 46,644 shares of the company’s stock worth $2,912,000 after acquiring an additional 6,113 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of World Wrestling Entertainment by 53.4% during the first quarter. Victory Capital Management Inc. now owns 569,748 shares of the company’s stock worth $34,591,000 after acquiring an additional 198,269 shares during the period. Institutional investors own 69.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WWE. Wells Fargo & Company boosted their price objective on World Wrestling Entertainment from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Wednesday, August 17th. Northcoast Research cut World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a report on Thursday, August 18th. They noted that the move was a valuation call. Benchmark lifted their price target on shares of World Wrestling Entertainment from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Citigroup lifted their price target on shares of World Wrestling Entertainment to $86.00 in a research report on Tuesday, November 15th. Finally, MKM Partners lifted their price target on shares of World Wrestling Entertainment from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, World Wrestling Entertainment currently has a consensus rating of “Hold” and an average price target of $78.70.

World Wrestling Entertainment Stock Up 1.1 %

Shares of WWE opened at $80.43 on Thursday. World Wrestling Entertainment, Inc. has a one year low of $46.91 and a one year high of $80.98. The company has a market cap of $5.98 billion, a P/E ratio of 30.93 and a beta of 1.11. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a 50 day simple moving average of $74.35 and a two-hundred day simple moving average of $68.77.

World Wrestling Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 27th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, December 14th. This represents a $0.48 annualized dividend and a yield of 0.60%. World Wrestling Entertainment’s dividend payout ratio is currently 18.46%.

World Wrestling Entertainment Company Profile

(Get Rating)

World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, and digital and social media, as well as filmed entertainment.

Further Reading

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Institutional Ownership by Quarter for World Wrestling Entertainment (NYSE:WWE)

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