Insider Selling: World Wrestling Entertainment Insider Unloads 7,500 Shares of Stock (WWE)
World Wrestling Entertainment (NYSE:WWE) Insider Michael J. Luisi sold 7,500 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $14.00, for a total transaction of $105,000.00. Following the completion of the sale, the insider now directly owns 90,928 shares of the company’s stock, valued at approximately $1,272,992. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on WWE. 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, August 6th. 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 issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.97.
World Wrestling Entertainment (NYSE:WWE) traded up 2.35% during mid-day trading on Tuesday, hitting $14.39. The stock had a trading volume of 534,112 shares. World Wrestling Entertainment has a 52 week low of $9.62 and a 52 week high of $31.98. The stock has a 50-day moving average of $12.68 and a 200-day moving average of $18.48. The company’s market cap is $1.086 billion.
World Wrestling Entertainment (NYSE:WWE) last released its earnings data on Thursday, July 31st. The company reported ($0.18) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.07 earnings per share. World Wrestling Entertainment’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that World Wrestling Entertainment will post $-0.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Thursday, September 11th.
World Wrestling Entertainment, Inc (NYSE:WWE) is an integrated media and entertainment company.
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