World Wrestling Entertainment, Inc. (NYSE:WWE) SVP Mark Kowal sold 2,000 shares of World Wrestling Entertainment stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $36.70, for a total transaction of $73,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) opened at $36.39 on Wednesday. The stock has a market cap of $2,810.00, a P/E ratio of 64.98 and a beta of 0.93. World Wrestling Entertainment, Inc. has a 52 week low of $19.12 and a 52 week high of $36.91. The company has a quick ratio of 2.77, a current ratio of 2.83 and a debt-to-equity ratio of 0.83.
World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $211.60 million for the quarter, compared to the consensus estimate of $208.51 million. World Wrestling Entertainment had a net margin of 4.07% and a return on equity of 20.50%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. sell-side analysts anticipate that World Wrestling Entertainment, Inc. will post 0.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Thursday, March 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Wednesday, March 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is 85.71%.
Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in World Wrestling Entertainment by 121.7% during the 2nd quarter. Wells Fargo & Company MN now owns 71,406 shares of the company’s stock worth $1,454,000 after buying an additional 39,202 shares during the period. Teachers Advisors LLC increased its stake in World Wrestling Entertainment by 13.1% during the 2nd quarter. Teachers Advisors LLC now owns 69,050 shares of the company’s stock worth $1,407,000 after buying an additional 7,975 shares during the period. TIAA CREF Investment Management LLC increased its stake in World Wrestling Entertainment by 4.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 102,620 shares of the company’s stock worth $2,090,000 after buying an additional 4,671 shares during the period. New York State Common Retirement Fund increased its stake in World Wrestling Entertainment by 25.8% during the 2nd quarter. New York State Common Retirement Fund now owns 40,900 shares of the company’s stock worth $833,000 after buying an additional 8,399 shares during the period. Finally, Northern Trust Corp increased its stake in World Wrestling Entertainment by 6.3% during the 2nd quarter. Northern Trust Corp now owns 516,923 shares of the company’s stock worth $10,529,000 after buying an additional 30,596 shares during the period. 51.71% of the stock is currently owned by institutional investors and hedge funds.
WWE has been the topic of a number of analyst reports. Citigroup downgraded shares of World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a research note on Friday, December 22nd. Guggenheim set a $40.00 target price on shares of World Wrestling Entertainment and gave the stock a “buy” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. initiated coverage on shares of World Wrestling Entertainment in a research note on Wednesday, December 6th. They set an “overweight” rating on the stock. Zacks Investment Research downgraded shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Finally, FBN Securities downgraded shares of World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $37.89.
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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.
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