Xponance Inc. Boosts Stake in World Wrestling Entertainment, Inc. (NYSE:WWE)

Xponance Inc. boosted its stake in shares of World Wrestling Entertainment, Inc. (NYSE:WWEGet Rating) by 1.5% in the third quarter, Holdings Channel reports. The institutional investor owned 9,462 shares of the company’s stock after acquiring an additional 144 shares during the period. Xponance Inc.’s holdings in World Wrestling Entertainment were worth $664,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in World Wrestling Entertainment by 84.4% during the third quarter. Allworth Financial LP now owns 402 shares of the company’s stock worth $28,000 after buying an additional 184 shares during the period. Parallel Advisors LLC lifted its holdings in World Wrestling Entertainment by 26.5% during the second quarter. Parallel Advisors LLC now owns 745 shares of the company’s stock worth $47,000 after buying an additional 156 shares during the period. Assetmark Inc. purchased a new stake in World Wrestling Entertainment during the second quarter worth $52,000. Eagle Bay Advisors LLC lifted its holdings in World Wrestling Entertainment by 82.9% during the second quarter. Eagle Bay Advisors LLC now owns 887 shares of the company’s stock worth $55,000 after buying an additional 402 shares during the period. Finally, US Bancorp DE lifted its holdings in World Wrestling Entertainment by 55.9% during the first quarter. US Bancorp DE now owns 957 shares of the company’s stock worth $59,000 after buying an additional 343 shares during the period. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WWE shares. Citigroup upped their price target on World Wrestling Entertainment to $86.00 in a research report on Tuesday, November 15th. Morgan Stanley upped their price target on World Wrestling Entertainment from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 29th. Loop Capital upped their price target on World Wrestling Entertainment from $90.00 to $105.00 in a research report on Friday. StockNews.com started coverage on World Wrestling Entertainment in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, MKM Partners upped their price target on World Wrestling Entertainment from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $80.70.

World Wrestling Entertainment Price Performance

NYSE WWE opened at $84.27 on Monday. 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 stock’s fifty day moving average price is $75.18 and its 200 day moving average price is $71.36. World Wrestling Entertainment, Inc. has a 1 year low of $47.71 and a 1 year high of $89.43. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 32.41 and a beta of 1.13.

World Wrestling Entertainment (NYSE:WWEGet Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.15. World Wrestling Entertainment had a return on equity of 54.64% and a net margin of 17.29%. The firm had revenue of $304.60 million for the quarter, compared to the consensus estimate of $285.73 million. As a group, equities research analysts forecast that World Wrestling Entertainment, Inc. will post 2.57 earnings per share for the current year.

World Wrestling Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Thursday, December 15th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Wednesday, December 14th. World Wrestling Entertainment’s dividend payout ratio is currently 18.46%.

World Wrestling Entertainment 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.

See Also

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

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