Schwab Charles Investment Management Inc. Acquires 20,685 Shares of World Wrestling Entertainment, Inc. (WWE)

Schwab Charles Investment Management Inc. increased its holdings in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) by 13.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 170,440 shares of the company’s stock after purchasing an additional 20,685 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.22% of World Wrestling Entertainment worth $3,472,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lindsell Train Ltd grew its position in World Wrestling Entertainment by 4.2% in the second quarter. Lindsell Train Ltd now owns 7,082,868 shares of the company’s stock valued at $144,278,000 after acquiring an additional 286,635 shares in the last quarter. Sei Investments Co. grew its position in shares of World Wrestling Entertainment by 56.4% during the second quarter. Sei Investments Co. now owns 114,877 shares of the company’s stock worth $2,340,000 after buying an additional 41,437 shares in the last quarter. First Manhattan Co. grew its position in shares of World Wrestling Entertainment by 3.6% during the second quarter. First Manhattan Co. now owns 19,675 shares of the company’s stock worth $400,000 after buying an additional 675 shares in the last quarter. Texas Permanent School Fund grew its position in shares of World Wrestling Entertainment by 0.9% during the second quarter. Texas Permanent School Fund now owns 28,114 shares of the company’s stock worth $573,000 after buying an additional 240 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of World Wrestling Entertainment by 4.9% during the second quarter. Great West Life Assurance Co. Can now owns 54,053 shares of the company’s stock worth $1,101,000 after buying an additional 2,524 shares in the last quarter. 49.47% of the stock is owned by hedge funds and other institutional investors.

In other news, CRO Michelle D. Wilson sold 55,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $21.25, for a total transaction of $1,168,750.00. Following the completion of the sale, the executive now directly owns 436,174 shares in the company, valued at $9,268,697.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mark Kowal sold 4,750 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $21.44, for a total transaction of $101,840.00. Following the sale, the senior vice president now owns 17,011 shares of the company’s stock, valued at $364,715.84. The disclosure for this sale can be found here. Insiders have sold 173,231 shares of company stock worth $3,660,354 over the last ninety days. Insiders own 49.80% of the company’s stock.

WWE has been the topic of several research analyst reports. Morgan Stanley started coverage on World Wrestling Entertainment in a research note on Friday, June 30th. They issued an “equal weight” rating and a $23.00 target price on the stock. ValuEngine cut shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Benchmark Co. restated a “buy” rating and set a $25.00 price objective (down from $26.00) on shares of World Wrestling Entertainment in a research note on Sunday, July 30th. Finally, BidaskClub cut shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $24.38.

Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) opened at 26.09 on Friday. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 79.54 and a beta of 0.84. The stock’s 50 day moving average price is $22.64 and its 200 day moving average price is $21.29. World Wrestling Entertainment, Inc. has a one year low of $16.77 and a one year high of $26.25.

World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.08. The firm had revenue of $186.40 million for the quarter, compared to analysts’ expectations of $176.19 million. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Analysts expect that World Wrestling Entertainment, Inc. will post $0.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 15th will be paid a $0.12 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.84%. World Wrestling Entertainment’s dividend payout ratio is presently 106.67%.

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About World Wrestling Entertainment

World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.

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

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