State of Alaska Department of Revenue raised its stake in World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) by 141.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,469 shares of the company’s stock after purchasing an additional 8,466 shares during the quarter. State of Alaska Department of Revenue’s holdings in World Wrestling Entertainment were worth $991,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in WWE. Rice Hall James & Associates LLC lifted its holdings in shares of 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 valued at $47,931,000 after acquiring an additional 46,351 shares in the last quarter. US Bancorp DE increased 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 purchasing 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 1st quarter valued at about $235,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of World Wrestling Entertainment by 11,166.7% during the 1st 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 grew its position in shares of World Wrestling Entertainment by 38.2% during the 1st 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. Institutional investors and hedge funds own 69.60% of the company’s stock.
Wall Street Analyst Weigh In
WWE has been the subject of a number of analyst reports. Roth Capital reissued a “buy” rating on shares of World Wrestling Entertainment in a research note on Friday, February 3rd. StockNews.com initiated coverage on shares of World Wrestling Entertainment in a research note on Thursday, March 16th. They set a “sell” rating for the company. Guggenheim boosted their target price on shares of World Wrestling Entertainment from $94.00 to $105.00 in a research note on Friday, February 3rd. Benchmark upped their price target on shares of World Wrestling Entertainment from $86.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Finally, Morgan Stanley upped their price target on shares of World Wrestling Entertainment from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $91.70.
World Wrestling Entertainment Trading Up 0.7 %
World Wrestling Entertainment stock opened at $87.98 on Wednesday. World Wrestling Entertainment, Inc. has a 52 week low of $55.09 and a 52 week high of $93.63. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.44 and a current ratio of 1.45. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 38.42 and a beta of 1.18. The company has a 50 day moving average price of $85.72 and a 200 day moving average price of $78.96.
World Wrestling Entertainment (NYSE:WWE – Get Rating) last released its earnings results on Thursday, February 2nd. The company reported $0.52 earnings per share (EPS) 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 company had revenue of $325.30 million during the quarter, compared to analysts’ expectations of $333.25 million. During the same quarter in the previous year, the company earned $0.70 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts forecast that World Wrestling Entertainment, Inc. will post 2.79 EPS for the current year.
World Wrestling Entertainment Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 27th. Shareholders of record on Wednesday, March 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. World Wrestling Entertainment’s payout ratio is 20.96%.
World Wrestling Entertainment Profile
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.
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