Investment analysts at MKM Partners started coverage on shares of World Wrestling Entertainment, Inc. (NYSE:WWE) in a research report issued on Tuesday. The firm set a “buy” rating on the stock.

WWE has been the subject of several other reports. Wells Fargo & Company downgraded shares of World Wrestling Entertainment from an “outperform” rating to a “market perform” rating in a research report on Friday, October 28th. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of World Wrestling Entertainment in a research report on Tuesday, October 4th. Zacks Investment Research downgraded shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Finally, Deutsche Bank AG restated a “sell” rating on shares of World Wrestling Entertainment in a research report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. World Wrestling Entertainment has an average rating of “Hold” and a consensus price target of $21.54.

Analyst Recommendations for World Wrestling Entertainment (NYSE:WWE)

World Wrestling Entertainment (NYSE:WWE) traded up 1.17% on Tuesday, hitting $18.98. The stock had a trading volume of 1,148,486 shares. World Wrestling Entertainment has a 12-month low of $14.20 and a 12-month high of $21.55. The company has a 50 day moving average of $18.79 and a 200 day moving average of $19.49. The company has a market capitalization of $1.45 billion, a PE ratio of 59.13 and a beta of 0.69.

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World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.04. World Wrestling Entertainment had a net margin of 3.51% and a return on equity of 13.62%. The business earned $164.20 million during the quarter, compared to analyst estimates of $107.40 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts expect that World Wrestling Entertainment will post $0.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 27th. Investors of record on Thursday, December 15th were paid a $0.12 dividend. The ex-dividend date was Tuesday, December 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.56%. World Wrestling Entertainment’s dividend payout ratio is 154.84%.

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Several hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of World Wrestling Entertainment by 99.3% in the second quarter. BNP Paribas Arbitrage SA now owns 11,396 shares of the company’s stock valued at $210,000 after buying an additional 5,678 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of World Wrestling Entertainment by 16.6% in the second quarter. Capstone Asset Management Co. now owns 16,810 shares of the company’s stock valued at $309,000 after buying an additional 2,390 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of World Wrestling Entertainment during the second quarter valued at $10,621,000. Bbva Compass Bancshares Inc. acquired a new stake in shares of World Wrestling Entertainment during the second quarter valued at $197,000. Finally, California State Teachers Retirement System boosted its stake in shares of World Wrestling Entertainment by 18.9% in the second quarter. California State Teachers Retirement System now owns 75,800 shares of the company’s stock valued at $1,395,000 after buying an additional 12,070 shares in the last quarter. 47.64% of the stock is currently owned by institutional investors.

About World Wrestling Entertainment

World Wrestling Entertainment, Inc (WWE) is a media and entertainment company. 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.

5 Day Chart for NYSE:WWE

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