Share on StockTwits

World Wrestling Entertainment (NYSE:WWE) Insider Michael J. Luisi unloaded 2,500 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $14.05, for a total value of $35,125.00. Following the transaction, the insider now directly owns 98,428 shares in the company, valued at approximately $1,382,913. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

World Wrestling Entertainment (NYSE:WWE) traded up 0.51% during mid-day trading on Friday, hitting $13.75. 833,867 shares of the company’s stock traded hands. World Wrestling Entertainment has a 52 week low of $9.62 and a 52 week high of $31.98. The stock’s 50-day moving average is $12.24 and its 200-day moving average is $18.8. The company’s market cap is $1.038 billion.

World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.02. The company had revenue of $156.30 million for the quarter, compared to the consensus estimate of $157.90 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that World Wrestling Entertainment will post $-0.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Monday, September 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Thursday, September 11th.

A number of analysts have recently weighed in on WWE shares. Analysts at National Alliance Securities raised their price target on shares of World Wrestling Entertainment from $14.17 to $17.63 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Benchmark Co. reiterated a “” rating on shares of World Wrestling Entertainment in a research note on Thursday, July 31st. They now have a $15.25 price target on the stock. Finally, analysts at Vertical Research downgraded shares of World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $18.97.

World Wrestling Entertainment, Inc (NYSE:WWE) is an integrated media and entertainment company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.