World Wrestling Entertainment Insider Sells $433,200 in Stock (WWE)
World Wrestling Entertainment (NYSE:WWE) Insider Kevin Dunn unloaded 30,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $14.44, for a total transaction of $433,200.00. Following the completion of the sale, the insider now directly owns 242,406 shares in the company, valued at approximately $3,500,343. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of World Wrestling Entertainment (NYSE:WWE) traded up 1.39% on Friday, hitting $14.64. 410,955 shares of the company’s stock traded hands. World Wrestling Entertainment has a 1-year low of $9.62 and a 1-year high of $31.98. The stock’s 50-day moving average is $12.91 and its 200-day moving average is $18.32. The company’s market cap is $1.105 billion.
World Wrestling Entertainment (NYSE:WWE) last released its earnings data 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. 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. Investors 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 3.28%. The ex-dividend date 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, August 6th. They now have a “buy” rating on the stock. 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. World Wrestling Entertainment presently has an average rating of “Buy” and an average target price of $18.97.
World Wrestling Entertainment, Inc (NYSE:WWE) is an integrated media and entertainment company.
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