World Wrestling Entertainment, Inc. (NYSE:WWE) SVP Mark Kowal sold 2,275 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $21.99, for a total value of $50,027.25. Following the completion of the transaction, the senior vice president now owns 14,736 shares in the company, valued at approximately $324,044.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Mark Kowal also recently made the following trade(s):

  • On Thursday, August 10th, Mark Kowal sold 4,750 shares of World Wrestling Entertainment stock. The shares were sold at an average price of $21.44, for a total value of $101,840.00.

Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) traded down 1.91% during mid-day trading on Friday, hitting $21.61. The company had a trading volume of 293,697 shares. The firm has a market capitalization of $1.67 billion, a PE ratio of 65.88 and a beta of 0.79. World Wrestling Entertainment, Inc. has a 52 week low of $16.77 and a 52 week high of $23.14. The firm has a 50-day moving average price of $21.32 and a 200-day moving average price of $20.96.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. World Wrestling Entertainment had a net margin of 3.29% and a return on equity of 13.07%. The company had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $209.28 million. During the same quarter in the prior year, the company earned $0.01 EPS. World Wrestling Entertainment’s revenue was up 7.8% compared to the same quarter last year. Equities analysts forecast that World Wrestling Entertainment, Inc. will post $0.46 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.48 annualized dividend and a yield of 2.22%. World Wrestling Entertainment’s dividend payout ratio is presently 154.84%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in WWE. Pinebridge Investments L.P. grew its stake in World Wrestling Entertainment by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock valued at $104,000 after acquiring an additional 51 shares in the last quarter. State of Alaska Department of Revenue grew its stake in World Wrestling Entertainment by 78.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,601 shares of the company’s stock valued at $154,000 after acquiring an additional 3,351 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in World Wrestling Entertainment by 4.5% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 8,790 shares of the company’s stock valued at $195,000 after acquiring an additional 380 shares in the last quarter. Mason Street Advisors LLC grew its stake in World Wrestling Entertainment by 7.1% during the 1st quarter. Mason Street Advisors LLC now owns 9,003 shares of the company’s stock valued at $200,000 after acquiring an additional 600 shares in the last quarter. Finally, NGAM Advisors L.P. purchased a new stake in World Wrestling Entertainment during the 2nd quarter valued at about $207,000. 49.50% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on WWE. ValuEngine upgraded World Wrestling Entertainment from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub lowered World Wrestling Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research raised World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, July 31st. Benchmark Co. reaffirmed a “buy” rating and set a $25.00 price target (down from $26.00) on shares of World Wrestling Entertainment in a research report on Sunday, July 30th. Finally, Morgan Stanley started coverage on World Wrestling Entertainment in a research report on Friday, June 30th. They set an “equal weight” rating and a $23.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.38.

About World Wrestling Entertainment

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.

Insider Buying and Selling by Quarter for World Wrestling Entertainment (NYSE:WWE)

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