Envestnet Asset Management Inc. Boosts Holdings in World Wrestling Entertainment, Inc. (NYSE:WWE)

Envestnet Asset Management Inc. boosted its position in shares of World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,974 shares of the company’s stock after buying an additional 2,411 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of World Wrestling Entertainment worth $3,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in World Wrestling Entertainment by 0.5% during the third quarter. Vanguard Group Inc. now owns 4,082,547 shares of the company’s stock worth $286,473,000 after buying an additional 20,673 shares during the period. Ninety One UK Ltd grew its holdings in shares of World Wrestling Entertainment by 1.0% in the fourth quarter. Ninety One UK Ltd now owns 2,578,778 shares of the company’s stock worth $176,698,000 after purchasing an additional 25,941 shares during the last quarter. State Street Corp grew its holdings in shares of World Wrestling Entertainment by 3.4% in the first quarter. State Street Corp now owns 1,174,998 shares of the company’s stock worth $73,367,000 after purchasing an additional 38,145 shares during the last quarter. Northern Trust Corp grew its holdings in World Wrestling Entertainment by 30.1% during the 1st quarter. Northern Trust Corp now owns 891,045 shares of the company’s stock worth $55,636,000 after acquiring an additional 206,413 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in World Wrestling Entertainment by 6.4% during the 1st quarter. Rice Hall James & Associates LLC now owns 767,630 shares of the company’s stock worth $47,931,000 after acquiring an additional 46,351 shares in the last quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.

World Wrestling Entertainment Trading Up 1.5 %

Shares of WWE opened at $108.84 on Wednesday. World Wrestling Entertainment, Inc. has a 52-week low of $58.31 and a 52-week high of $110.24. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average is $97.53 and its two-hundred day moving average is $86.55. The stock has a market cap of $8.10 billion, a PE ratio of 55.82 and a beta of 1.19.

World Wrestling Entertainment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Thursday, June 15th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $0.48 annualized dividend and a yield of 0.44%. World Wrestling Entertainment’s dividend payout ratio (DPR) is currently 24.62%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WWE. StockNews.com began coverage on shares of World Wrestling Entertainment in a report on Monday. They set a “hold” rating on the stock. Wells Fargo & Company raised their price target on shares of World Wrestling Entertainment from $100.00 to $109.00 in a report on Wednesday, May 3rd. Citigroup raised their price target on shares of World Wrestling Entertainment from $115.00 to $125.00 in a report on Thursday, May 11th. Wolfe Research cut shares of World Wrestling Entertainment from an “outperform” rating to a “peer perform” rating in a report on Monday, January 30th. Finally, Morgan Stanley raised their price target on shares of World Wrestling Entertainment from $120.00 to $125.00 in a report on Thursday, May 4th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $105.56.

World Wrestling Entertainment 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.