Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $24.38.

A number of research analysts recently commented on WWE shares. TheStreet upgraded shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research note on Thursday, May 4th. ValuEngine lowered shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Morgan Stanley started coverage on shares of World Wrestling Entertainment in a research note on Friday, June 30th. They issued an “equal weight” rating and a $23.00 price target on the stock. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $25.00 price target (down previously from $26.00) on shares of World Wrestling Entertainment in a research note on Sunday, July 30th.

COPYRIGHT VIOLATION NOTICE: “World Wrestling Entertainment, Inc. (WWE) Given Consensus Recommendation of “Hold” by Brokerages” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/22/world-wrestling-entertainment-inc-wwe-given-consensus-recommendation-of-hold-by-brokerages.html.

World Wrestling Entertainment (NYSE:WWE) remained flat at $20.79 during trading on Tuesday. 26,023 shares of the company traded hands. The company has a market capitalization of $1.60 billion, a P/E ratio of 63.38 and a beta of 0.82. World Wrestling Entertainment has a 1-year low of $16.77 and a 1-year high of $23.14. The firm has a 50 day moving average price of $21.04 and a 200-day moving average price of $20.94.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. World Wrestling Entertainment had a net margin of 3.29% and a return on equity of 13.07%. The business had revenue of $214.60 million for the quarter, compared to analyst estimates of $209.28 million. During the same quarter in the prior year, the business earned $0.01 EPS. World Wrestling Entertainment’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts predict that World Wrestling Entertainment will post $0.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, September 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 154.84%.

In related news, CRO Michelle D. Wilson sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $21.25, for a total transaction of $1,168,750.00. Following the completion of the transaction, the executive now directly owns 436,174 shares in the company, valued at approximately $9,268,697.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Casey Collins sold 13,383 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $21.23, for a total transaction of $284,121.09. Following the transaction, the executive vice president now owns 43,926 shares of the company’s stock, valued at $932,548.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,133 shares of company stock valued at $1,554,711. 49.80% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. EastBay Asset Management LLC boosted its position in World Wrestling Entertainment by 153.2% in the second quarter. EastBay Asset Management LLC now owns 1,337,130 shares of the company’s stock worth $27,237,000 after buying an additional 809,130 shares in the last quarter. Sterling Capital Management LLC boosted its position in World Wrestling Entertainment by 81.4% in the second quarter. Sterling Capital Management LLC now owns 18,064 shares of the company’s stock worth $368,000 after buying an additional 8,105 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in World Wrestling Entertainment by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 31,110 shares of the company’s stock worth $634,000 after buying an additional 1,846 shares in the last quarter. Caxton Associates LP bought a new position in World Wrestling Entertainment during the second quarter worth about $2,139,000. Finally, State Street Corp boosted its position in World Wrestling Entertainment by 5.5% in the second quarter. State Street Corp now owns 872,209 shares of the company’s stock worth $17,763,000 after buying an additional 45,601 shares in the last quarter. Institutional investors and hedge funds own 50.11% of the company’s stock.

World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. 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.

Analyst Recommendations for World Wrestling Entertainment (NYSE:WWE)

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