World Wrestling Entertainment, Inc. (NYSE:WWE) Holdings Lifted by Skandinaviska Enskilda Banken AB publ

Posted by Defense World Staff on Feb 25th, 2023

Skandinaviska Enskilda Banken AB publ boosted its position in shares of World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) by 24.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 984 shares of the company’s stock after buying an additional 191 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in World Wrestling Entertainment were worth $69,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WWE. Allworth Financial LP boosted its stake in World Wrestling Entertainment by 84.4% during the third quarter. Allworth Financial LP now owns 402 shares of the company’s stock valued at $28,000 after buying an additional 184 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new position in shares of World Wrestling Entertainment in the 3rd quarter valued at $32,000. WD Rutherford LLC acquired a new position in shares of World Wrestling Entertainment in the 3rd quarter valued at $51,000. Assetmark Inc. acquired a new position in shares of World Wrestling Entertainment in the 2nd quarter valued at $52,000. Finally, Eagle Bay Advisors LLC boosted its position in shares of World Wrestling Entertainment by 82.9% in the 2nd quarter. Eagle Bay Advisors LLC now owns 887 shares of the company’s stock valued at $55,000 after purchasing an additional 402 shares during the period. Institutional investors own 69.60% of the company’s stock.

World Wrestling Entertainment Stock Down 0.8 %

WWE opened at $85.79 on Friday. World Wrestling Entertainment, Inc. has a fifty-two week low of $54.66 and a fifty-two week high of $93.63. The business has a 50-day moving average of $82.61 and a 200-day moving average of $76.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.45 and a quick ratio of 1.44. The company has a market capitalization of $6.39 billion, a PE ratio of 37.46 and a beta of 1.15.

World Wrestling Entertainment (NYSE:WWE – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). World Wrestling Entertainment had a return on equity of 47.41% and a net margin of 15.15%. The firm had revenue of $325.30 million for the quarter, compared to analysts’ expectations of $333.25 million. During the same period last year, the business earned $0.70 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts forecast that World Wrestling Entertainment, Inc. will post 2.79 EPS for the current fiscal year.

World Wrestling Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 27th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Tuesday, March 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 20.96%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Citigroup increased their price target on World Wrestling Entertainment to $86.00 in a research report on Tuesday, November 15th. Wells Fargo & Company upgraded World Wrestling Entertainment from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $52.00 to $100.00 in a research report on Tuesday, January 17th. Morgan Stanley increased their price target on World Wrestling Entertainment from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 17th. StockNews.com lowered World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, February 6th. Finally, Wolfe Research downgraded World Wrestling Entertainment from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $91.70.

World Wrestling Entertainment Company Profile

(Get Rating)

World Wrestling Entertainment, Inc is an integrated media and entertainment company, which engages in the production and distribution of content through various channels. It operates through the following business segments: Media, Live Events, and Consumer Products. The Media segment reflects the production and monetization of long-form and short-form video content across various platforms including WWE Network, broadcast and pay television, digital and social media, as well as filmed entertainment.