Insider Selling: World Wrestling Entertainment, Inc. (WWE) SVP Sells 1,419 Shares of Stock

World Wrestling Entertainment, Inc. (NYSE:WWE) SVP Blake Timothy Bilstad sold 1,419 shares of the stock in a transaction dated Sunday, February 11th. The stock was sold at an average price of $35.53, for a total transaction of $50,417.07. Following the transaction, the senior vice president now owns 24,121 shares of the company’s stock, valued at $857,019.13. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of World Wrestling Entertainment, Inc. (WWE) traded up $0.06 during trading hours on Tuesday, reaching $35.42. 707,165 shares of the company traded hands, compared to its average volume of 885,192. World Wrestling Entertainment, Inc. has a twelve month low of $19.12 and a twelve month high of $36.91. The firm has a market cap of $2,686.41, a P/E ratio of 86.39, a P/E/G ratio of 2.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.83 and a quick ratio of 2.77.

World Wrestling Entertainment (NYSE:WWE) last issued its earnings results on Thursday, February 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. World Wrestling Entertainment had a net margin of 4.07% and a return on equity of 20.50%. The business had revenue of $211.60 million during the quarter, compared to the consensus estimate of $208.51 million. During the same period last year, the business posted $0.10 EPS. World Wrestling Entertainment’s revenue was up 8.6% on a year-over-year basis. equities research analysts anticipate that World Wrestling Entertainment, Inc. will post 0.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Thursday, March 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.48 annualized dividend and a yield of 1.36%. World Wrestling Entertainment’s dividend payout ratio (DPR) is currently 117.08%.

Large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new stake in World Wrestling Entertainment in the 3rd quarter valued at about $176,000. LS Investment Advisors LLC lifted its stake in World Wrestling Entertainment by 31.6% in the 4th quarter. LS Investment Advisors LLC now owns 6,296 shares of the company’s stock valued at $193,000 after purchasing an additional 1,512 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in World Wrestling Entertainment in the 3rd quarter valued at about $201,000. FDx Advisors Inc. acquired a new stake in World Wrestling Entertainment in the 3rd quarter valued at about $219,000. Finally, Summit Securities Group LLC acquired a new stake in World Wrestling Entertainment in the 3rd quarter valued at about $236,000. Institutional investors and hedge funds own 49.59% of the company’s stock.

A number of equities analysts have recently commented on WWE shares. Morgan Stanley upgraded shares of World Wrestling Entertainment from an “equal weight” rating to an “overweight” rating and set a $23.00 price objective for the company in a research note on Tuesday, January 30th. Benchmark increased their price objective on shares of World Wrestling Entertainment from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Citigroup downgraded shares of World Wrestling Entertainment from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $29.00 to $33.00 in a research note on Saturday, December 30th. Zacks Investment Research downgraded shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Finally, Guggenheim set a $40.00 price objective on shares of World Wrestling Entertainment and gave the stock a “buy” rating in a research note on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $37.89.

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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.

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

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