Signaturefd LLC boosted its holdings in World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) by 67.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 491 shares of the company’s stock after acquiring an additional 198 shares during the quarter. Signaturefd LLC’s holdings in World Wrestling Entertainment were worth $31,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Truist Financial Corp bought a new stake in shares of World Wrestling Entertainment in the 1st quarter worth $378,000. FDx Advisors Inc. boosted its holdings in World Wrestling Entertainment by 9.3% during the fourth quarter. FDx Advisors Inc. now owns 4,964 shares of the company’s stock worth $245,000 after purchasing an additional 421 shares during the last quarter. New York State Teachers Retirement System grew its position in World Wrestling Entertainment by 11.2% in the 4th quarter. New York State Teachers Retirement System now owns 53,687 shares of the company’s stock worth $2,649,000 after purchasing an additional 5,390 shares in the last quarter. Bristlecone Advisors LLC purchased a new stake in World Wrestling Entertainment in the 1st quarter valued at about $228,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of World Wrestling Entertainment during the 4th quarter worth approximately $11,283,000. Institutional investors and hedge funds own 70.21% of the company’s stock.
Insider Buying and Selling
In related news, insider Kevin Dunn sold 15,000 shares of the stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $66.70, for a total transaction of $1,000,500.00. Following the sale, the insider now owns 271,171 shares of the company’s stock, valued at approximately $18,087,105.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 41.40% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on WWE. Barclays upped their target price on World Wrestling Entertainment from $57.00 to $61.00 and gave the company a “maintains” rating in a report on Monday, July 25th. JPMorgan Chase & Co. lifted their target price on World Wrestling Entertainment from $58.00 to $64.00 in a research note on Thursday, April 21st. TheStreet upgraded shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research report on Monday, May 16th. Guggenheim lifted their price objective on shares of World Wrestling Entertainment from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, June 16th. Finally, Benchmark increased their target price on shares of World Wrestling Entertainment from $71.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 26th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, World Wrestling Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $73.89.
World Wrestling Entertainment Stock Performance
NYSE:WWE opened at $69.31 on Friday. The business’s fifty day moving average is $64.56 and its 200 day moving average is $60.02. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 29.00 and a beta of 1.21. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.51 and a current ratio of 1.53. World Wrestling Entertainment, Inc. has a 52-week low of $46.81 and a 52-week high of $73.34.
World Wrestling Entertainment (NYSE:WWE – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The business had revenue of $333.40 million for the quarter, compared to analysts’ expectations of $325.70 million. World Wrestling Entertainment had a return on equity of 53.60% and a net margin of 17.40%. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. Research analysts predict that World Wrestling Entertainment, Inc. will post 2.39 EPS for the current year.
World Wrestling Entertainment Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Thursday, September 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.69%. World Wrestling Entertainment’s dividend payout ratio (DPR) is 20.08%.
About World Wrestling Entertainment
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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