Advisor Group Inc. lifted its holdings in World Wrestling Entertainment, Inc. (NYSE:WWE) by 380.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,170 shares of the company’s stock after purchasing an additional 10,427 shares during the period. Advisor Group Inc.’s holdings in World Wrestling Entertainment were worth $1,142,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of World Wrestling Entertainment by 1.1% in the fourth quarter. BlackRock Inc. now owns 5,331,594 shares of the company’s stock worth $398,376,000 after acquiring an additional 58,542 shares in the last quarter. FMR LLC increased its position in shares of World Wrestling Entertainment by 529,456.5% in the fourth quarter. FMR LLC now owns 1,011,453 shares of the company’s stock worth $75,576,000 after acquiring an additional 1,011,262 shares in the last quarter. Geode Capital Management LLC increased its position in shares of World Wrestling Entertainment by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 504,124 shares of the company’s stock worth $37,668,000 after acquiring an additional 71,849 shares in the last quarter. Samlyn Capital LLC purchased a new position in shares of World Wrestling Entertainment in the fourth quarter worth approximately $32,140,000. Finally, Norges Bank purchased a new position in shares of World Wrestling Entertainment in the fourth quarter worth approximately $31,712,000. 68.24% of the stock is currently owned by institutional investors.
WWE stock opened at $72.98 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.72 billion, a P/E ratio of 65.16 and a beta of 1.47. World Wrestling Entertainment, Inc. has a 52 week low of $58.50 and a 52 week high of $100.45.
World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, April 25th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.09). The company had revenue of $182.40 million for the quarter, compared to analyst estimates of $199.24 million. World Wrestling Entertainment had a return on equity of 25.24% and a net margin of 8.26%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, analysts anticipate that World Wrestling Entertainment, Inc. will post 1.1 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Friday, June 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Thursday, June 13th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 42.86%.
Several research firms recently commented on WWE. ValuEngine cut shares of World Wrestling Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 1st. Loop Capital upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and raised their price target for the stock from $85.00 to $100.00 in a report on Thursday, May 2nd. Zacks Investment Research cut shares of World Wrestling Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 30th. KeyCorp decreased their price target on shares of World Wrestling Entertainment from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of World Wrestling Entertainment from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. World Wrestling Entertainment currently has an average rating of “Buy” and a consensus target price of $103.00.
In other World Wrestling Entertainment news, CEO Vincent K. Mcmahon sold 3,204,427 shares of World Wrestling Entertainment stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $81.45, for a total value of $261,000,579.15. Following the completion of the sale, the chief executive officer now directly owns 3,285,919 shares in the company, valued at $267,638,102.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.90% of the stock is owned by insiders.
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About World Wrestling Entertainment
World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.
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