World Wrestling Entertainment, Inc. (NYSE:WWE) CEO Vincent K. Mcmahon sold 3,340,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $28.68, for a total transaction of $95,791,200.00. Following the completion of the transaction, the chief executive officer now owns 3,340,000 shares of the company’s stock, valued at approximately $95,791,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of World Wrestling Entertainment, Inc. (WWE) opened at $32.18 on Friday. World Wrestling Entertainment, Inc. has a 12 month low of $18.71 and a 12 month high of $33.28. The firm has a market cap of $2,480.00, a PE ratio of 69.96, a PEG ratio of 2.53 and a beta of 0.86. The company has a current ratio of 2.68, a quick ratio of 2.62 and a debt-to-equity ratio of 0.83.
World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.08. The firm had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $176.19 million. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. research analysts expect that World Wrestling Entertainment, Inc. will post 0.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Friday, December 15th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.48 annualized dividend and a yield of 1.49%. World Wrestling Entertainment’s dividend payout ratio is currently 104.35%.
Several research firms have issued reports on WWE. Zacks Investment Research downgraded shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Saturday. Guggenheim set a $40.00 price objective on shares of World Wrestling Entertainment and gave the company a “buy” rating in a research note on Thursday. BTIG Research increased their target price on shares of World Wrestling Entertainment to $36.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. Wells Fargo & Co upgraded shares of World Wrestling Entertainment from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 4th. Finally, Citigroup downgraded shares of World Wrestling Entertainment from a “buy” rating to a “neutral” rating and increased their target price for the stock from $29.00 to $33.00 in a research note on Saturday, December 30th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $30.43.
A number of hedge funds and other institutional investors have recently bought and sold shares of WWE. Pinebridge Investments L.P. raised its holdings in World Wrestling Entertainment by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock worth $104,000 after purchasing an additional 51 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in World Wrestling Entertainment during the third quarter worth about $176,000. Piedmont Investment Advisors LLC purchased a new position in World Wrestling Entertainment during the third quarter worth about $201,000. Aperio Group LLC raised its holdings in World Wrestling Entertainment by 2.1% during the second quarter. Aperio Group LLC now owns 10,469 shares of the company’s stock worth $213,000 after purchasing an additional 220 shares in the last quarter. Finally, FDx Advisors Inc. purchased a new position in World Wrestling Entertainment during the third quarter worth about $219,000. 49.75% of the stock is owned by hedge funds and other institutional investors.
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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.
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