29,666 Shares in World Wrestling Entertainment, Inc. (NYSE:WWE) Acquired by Empowered Funds LLC

Empowered Funds LLC bought a new stake in shares of World Wrestling Entertainment, Inc. (NYSE:WWEGet Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 29,666 shares of the company’s stock, valued at approximately $2,082,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP boosted its position in World Wrestling Entertainment by 84.4% during the 3rd quarter. Allworth Financial LP now owns 402 shares of the company’s stock valued at $28,000 after acquiring an additional 184 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in World Wrestling Entertainment during the 3rd quarter valued at $32,000. Parallel Advisors LLC lifted its holdings in shares of World Wrestling Entertainment by 26.5% during the 2nd quarter. Parallel Advisors LLC now owns 745 shares of the company’s stock valued at $47,000 after purchasing an additional 156 shares during the last quarter. WD Rutherford LLC purchased a new stake in shares of World Wrestling Entertainment during the 3rd quarter valued at $51,000. Finally, Assetmark Inc. purchased a new stake in shares of World Wrestling Entertainment during the 2nd quarter valued at $52,000. Institutional investors own 69.60% of the company’s stock.

World Wrestling Entertainment Stock Performance

NYSE WWE opened at $87.12 on Wednesday. The stock has a 50-day simple moving average of $78.31 and a two-hundred day simple moving average of $73.62. The firm has a market capitalization of $6.48 billion, a P/E ratio of 33.51 and a beta of 1.13. World Wrestling Entertainment, Inc. has a fifty-two week low of $47.71 and a fifty-two week high of $93.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.46 and a current ratio of 1.46.

World Wrestling Entertainment (NYSE:WWEGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The business had revenue of $304.60 million during the quarter, compared to analyst estimates of $285.73 million. World Wrestling Entertainment had a return on equity of 54.64% and a net margin of 17.29%. On average, equities analysts forecast that World Wrestling Entertainment, Inc. will post 2.57 earnings per share for the current year.

World Wrestling Entertainment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Thursday, December 15th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, December 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. World Wrestling Entertainment’s payout ratio is currently 18.46%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WWE shares. Wells Fargo & Company upgraded World Wrestling Entertainment from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $52.00 to $100.00 in a report on Tuesday, January 17th. Loop Capital increased their price objective on World Wrestling Entertainment from $90.00 to $105.00 in a report on Friday, January 6th. Citigroup increased their price objective on World Wrestling Entertainment to $86.00 in a report on Tuesday, November 15th. MKM Partners increased their price objective on World Wrestling Entertainment from $84.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, October 19th. Finally, StockNews.com began coverage on World Wrestling Entertainment in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, World Wrestling Entertainment presently has an average rating of “Hold” and an average target price of $88.20.

World Wrestling Entertainment Profile

(Get Rating)

World Wrestling Entertainment, Inc is an integrated media and entertainment company. The firm is engaged in the production and distribution of content through various channels including the premium over-the-top network monetized through license arrangements or through direct-to-consumer subscriptions, content rights agreements, premium live event programming, filmed entertainment, live events, licensing of various WWE themed products, and the sale of consumer products featuring its brands.

Recommended Stories

Want to see what other hedge funds are holding WWE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for World Wrestling Entertainment, Inc. (NYSE:WWEGet Rating).

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

Receive News & Ratings for World Wrestling Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Wrestling Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.