Tocqueville Asset Management L.P. purchased a new stake in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 10,000 shares of the company’s stock, valued at approximately $649,000.
Several other hedge funds also recently bought and sold shares of the company. Nuveen Asset Management LLC increased its stake in shares of World Wrestling Entertainment by 5,475.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 966,210 shares of the company’s stock worth $69,770,000 after purchasing an additional 948,879 shares in the last quarter. BB&T Corp purchased a new stake in World Wrestling Entertainment in the 3rd quarter worth approximately $305,000. Neo Ivy Capital Management purchased a new stake in World Wrestling Entertainment in the 2nd quarter worth approximately $702,000. Northwestern Mutual Investment Management Company LLC grew its stake in World Wrestling Entertainment by 8.9% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 13,561 shares of the company’s stock worth $965,000 after acquiring an additional 1,109 shares during the period. Finally, Treasurer of the State of North Carolina purchased a new stake in World Wrestling Entertainment in the 2nd quarter worth approximately $1,261,000. Institutional investors own 74.34% of the company’s stock.
WWE has been the subject of several recent analyst reports. FBN Securities raised shares of World Wrestling Entertainment from a “sector perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research note on Friday, October 11th. MKM Partners set a $110.00 target price on shares of World Wrestling Entertainment and gave the stock a “buy” rating in a research note on Friday, October 18th. Loop Capital reaffirmed a “buy” rating and issued a $80.00 target price on shares of World Wrestling Entertainment in a research note on Wednesday, January 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $88.00 target price (down from $100.00) on shares of World Wrestling Entertainment in a research note on Wednesday, October 2nd. Finally, Citigroup raised shares of World Wrestling Entertainment from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $79.00 to $73.00 in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $90.63.
Shares of NYSE WWE opened at $62.85 on Friday. World Wrestling Entertainment, Inc. has a 52-week low of $52.69 and a 52-week high of $100.45. The firm has a fifty day moving average of $63.43 and a 200-day moving average of $67.23. The stock has a market capitalization of $5.01 billion, a PE ratio of 127.60 and a beta of 1.35. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.26.
World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. World Wrestling Entertainment had a net margin of 5.38% and a return on equity of 15.29%. The company had revenue of $186.30 million during the quarter, compared to analysts’ expectations of $192.19 million. During the same period in the previous year, the company earned $0.37 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts expect that World Wrestling Entertainment, Inc. will post 0.9 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Friday, December 13th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.48 annualized dividend and a dividend yield of 0.76%. World Wrestling Entertainment’s dividend payout ratio is presently 42.86%.
World Wrestling Entertainment Company Profile
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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