State of Tennessee Treasury Department lessened its position in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,368 shares of the company’s stock after selling 3,306 shares during the quarter. State of Tennessee Treasury Department’s holdings in World Wrestling Entertainment were worth $929,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of WWE. Elk Creek Partners LLC acquired a new position in shares of World Wrestling Entertainment in the 3rd quarter valued at about $11,725,000. Sirios Capital Management L P lifted its holdings in shares of World Wrestling Entertainment by 104.7% in the 3rd quarter. Sirios Capital Management L P now owns 599,734 shares of the company’s stock valued at $14,124,000 after buying an additional 306,719 shares during the period. BlackRock Inc. lifted its holdings in shares of World Wrestling Entertainment by 3.8% in the 4th quarter. BlackRock Inc. now owns 4,889,363 shares of the company’s stock valued at $149,516,000 after buying an additional 179,730 shares during the period. Acadian Asset Management LLC acquired a new position in shares of World Wrestling Entertainment in the 4th quarter valued at about $2,821,000. Finally, Sei Investments Co. lifted its holdings in shares of World Wrestling Entertainment by 108.8% in the 4th quarter. Sei Investments Co. now owns 141,846 shares of the company’s stock valued at $4,338,000 after buying an additional 73,920 shares during the period. Institutional investors and hedge funds own 55.23% of the company’s stock.
WWE stock traded up $0.08 during midday trading on Wednesday, reaching $36.57. The company had a trading volume of 92,182 shares, compared to its average volume of 900,537. World Wrestling Entertainment, Inc. has a 12 month low of $19.12 and a 12 month high of $39.09. The firm has a market cap of $2,814.40, a PE ratio of 88.78 and a beta of 0.84. 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 announced its earnings results on Thursday, February 8th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. World Wrestling Entertainment had a return on equity of 20.50% and a net margin of 4.07%. The business had revenue of $211.60 million during the quarter, compared to analysts’ expectations of $208.51 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. equities analysts anticipate that World Wrestling Entertainment, Inc. will post 0.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. World Wrestling Entertainment’s payout ratio is currently 117.08%.
Several equities analysts have recently issued reports on WWE shares. Citigroup cut World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, December 22nd. Guggenheim set a $40.00 price target on World Wrestling Entertainment and gave the stock a “buy” rating in a report on Thursday, January 11th. JPMorgan Chase & Co. assumed coverage on World Wrestling Entertainment in a report on Wednesday, December 6th. They issued an “overweight” rating for the company. Zacks Investment Research cut World Wrestling Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Finally, Needham & Company LLC upped their price target on World Wrestling Entertainment from $25.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $38.89.
In other World Wrestling Entertainment news, CEO Vincent K. Mcmahon sold 3,340,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $28.68, for a total transaction of $95,791,200.00. Following the completion of the transaction, the chief executive officer now owns 3,340,000 shares of the company’s stock, valued at $95,791,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Kowal sold 2,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $36.70, for a total value of $73,400.00. The disclosure for this sale can be found here. Insiders have sold 3,343,419 shares of company stock valued at $95,915,017 in the last three months. Insiders own 45.10% of the company’s stock.
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World Wrestling Entertainment Company Profile
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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