Pacer Advisors Inc. purchased a new position in shares of World Wrestling Entertainment, LLC (NYSE:WWE – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,276 shares of the company’s stock, valued at approximately $1,006,000.
Several other institutional investors and hedge funds have also bought and sold shares of WWE. Rice Hall James & Associates LLC grew its position in World Wrestling Entertainment by 6.4% during the 1st quarter. Rice Hall James & Associates LLC now owns 767,630 shares of the company’s stock worth $47,931,000 after acquiring an additional 46,351 shares during the last quarter. US Bancorp DE grew its position in shares of World Wrestling Entertainment by 55.9% in the 1st quarter. US Bancorp DE now owns 957 shares of the company’s stock worth $59,000 after buying an additional 343 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of World Wrestling Entertainment during the first quarter valued at approximately $235,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in World Wrestling Entertainment by 11,166.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,280 shares of the company’s stock valued at $1,266,000 after buying an additional 20,100 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in World Wrestling Entertainment by 38.2% during the first quarter. MetLife Investment Management LLC now owns 29,949 shares of the company’s stock valued at $1,870,000 after buying an additional 8,279 shares during the last quarter. 66.32% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
WWE has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $125.00 price objective on shares of World Wrestling Entertainment in a report on Thursday, August 3rd. StockNews.com assumed coverage on World Wrestling Entertainment in a research note on Thursday. They issued a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $111.86.
World Wrestling Entertainment Price Performance
NYSE:WWE opened at $100.65 on Friday. The company has a quick ratio of 3.76, a current ratio of 3.78 and a debt-to-equity ratio of 0.42. World Wrestling Entertainment, LLC has a 52 week low of $66.13 and a 52 week high of $118.04. The stock has a market capitalization of $8.37 billion, a PE ratio of 49.34 and a beta of 1.14. The stock’s 50-day moving average price is $106.06 and its 200-day moving average price is $102.86.
World Wrestling Entertainment (NYSE:WWE – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.02). The firm had revenue of $410.30 million for the quarter, compared to analysts’ expectations of $398.54 million. World Wrestling Entertainment had a net margin of 12.65% and a return on equity of 34.50%. As a group, equities analysts expect that World Wrestling Entertainment, LLC will post 2.65 EPS for the current fiscal year.
World Wrestling Entertainment Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Friday, September 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.48 annualized dividend and a yield of 0.48%. World Wrestling Entertainment’s dividend payout ratio is presently 23.53%.
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 through three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, and digital and social media, as well as filmed entertainment.
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