Shell Asset Management Co. Has $213,000 Stock Position in World Wrestling Entertainment, Inc. (NYSE:WWE)

Shell Asset Management Co. trimmed its holdings in shares of World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,105 shares of the company’s stock after selling 710 shares during the period. Shell Asset Management Co.’s holdings in World Wrestling Entertainment were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Wipfli Financial Advisors LLC acquired a new position in World Wrestling Entertainment in the 3rd quarter worth about $32,000. WD Rutherford LLC bought a new stake in World Wrestling Entertainment during the 3rd quarter valued at approximately $51,000. Spire Wealth Management bought a new stake in shares of World Wrestling Entertainment in the fourth quarter valued at approximately $53,000. US Bancorp DE boosted its position in shares of World Wrestling Entertainment by 55.9% in the first quarter. US Bancorp DE now owns 957 shares of the company’s stock valued at $59,000 after acquiring an additional 343 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of World Wrestling Entertainment by 24.1% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 984 shares of the company’s stock valued at $69,000 after acquiring an additional 191 shares during the period. 69.60% of the stock is owned by institutional investors and hedge funds.

World Wrestling Entertainment Trading Down 0.7 %

NYSE:WWE opened at $105.05 on Thursday. World Wrestling Entertainment, Inc. has a fifty-two week low of $56.29 and a fifty-two week high of $110.24. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.61 and a quick ratio of 1.60. The stock has a market capitalization of $7.82 billion, a PE ratio of 53.87 and a beta of 1.19. The business’s 50-day simple moving average is $95.62 and its 200-day simple moving average is $85.71.

World Wrestling Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 26th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Wednesday, June 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 24.62%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WWE. VNET Group reaffirmed a “maintains” rating on shares of World Wrestling Entertainment in a research report on Thursday, May 4th. 1-800-FLOWERS.COM restated a “maintains” rating on shares of World Wrestling Entertainment in a research note on Thursday, May 4th. Loop Capital raised their target price on World Wrestling Entertainment from $105.00 to $125.00 in a research note on Thursday, May 4th. Wells Fargo & Company raised their target price on World Wrestling Entertainment from $100.00 to $109.00 in a research note on Wednesday, May 3rd. Finally, Morgan Stanley lifted their price objective on World Wrestling Entertainment from $120.00 to $125.00 in a research report on Thursday, May 4th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, World Wrestling Entertainment has a consensus rating of “Hold” and an average target price of $101.22.

World Wrestling Entertainment Company Profile

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World Wrestling Entertainment, Inc is an integrated media and entertainment company, which engages in the production and distribution of content through various channels. It operates through the following business segments: Media, Live Events, and Consumer Products. The Media segment reflects the production and monetization of long-form and short-form video content across various platforms including WWE Network, broadcast and pay television, digital and social media, as well as filmed entertainment.