Rhumbline Advisers increased its stake in shares of World Wrestling Entertainment, Inc. (NYSE:WWE – Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,171 shares of the company’s stock after acquiring an additional 3,495 shares during the quarter. Rhumbline Advisers owned about 0.19% of World Wrestling Entertainment worth $12,975,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dark Forest Capital Management LP acquired a new stake in World Wrestling Entertainment during the 4th quarter worth $36,000. Allworth Financial LP increased its stake in World Wrestling Entertainment by 30.8% in the first quarter. Allworth Financial LP now owns 526 shares of the company’s stock valued at $48,000 after purchasing an additional 124 shares during the period. US Bancorp DE increased its stake in 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 purchasing an additional 343 shares during the period. Van ECK Associates Corp acquired a new position in World Wrestling Entertainment in the fourth quarter valued at $95,000. Finally, Signaturefd LLC increased its stake in World Wrestling Entertainment by 170.2% in the first quarter. Signaturefd LLC now owns 1,078 shares of the company’s stock valued at $98,000 after purchasing an additional 679 shares during the period. 66.32% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have commented on WWE. Citigroup lifted their price objective on shares of World Wrestling Entertainment from $115.00 to $125.00 in a research note on Thursday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $125.00 target price on shares of World Wrestling Entertainment in a report on Thursday, August 3rd. Finally, StockNews.com initiated coverage on shares of World Wrestling Entertainment in a report on Sunday, August 27th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $110.13.
World Wrestling Entertainment Stock Up 8.3 %
WWE stock opened at $104.58 on Friday. The company has a market cap of $8.70 billion, a P/E ratio of 51.26 and a beta of 1.14. World Wrestling Entertainment, Inc. has a 52 week low of $65.04 and a 52 week high of $118.04. The company’s 50-day moving average price is $108.70 and its 200 day moving average price is $100.75. The company has a current ratio of 3.78, a quick ratio of 3.76 and a debt-to-equity ratio of 0.42.
World Wrestling Entertainment (NYSE:WWE – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). The company had revenue of $410.30 million for the quarter, compared to analysts’ expectations of $398.54 million. World Wrestling Entertainment had a return on equity of 34.50% and a net margin of 12.65%. On average, research analysts expect that World Wrestling Entertainment, Inc. will post 2.67 earnings per share for the current fiscal year.
World Wrestling Entertainment Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Thursday, September 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 23.53%.
World Wrestling Entertainment Company Profile
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.
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