Swiss National Bank increased its holdings in shares of World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,500 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Swiss National Bank owned approximately 0.14% of World Wrestling Entertainment worth $7,160,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its stake in World Wrestling Entertainment by 4.0% in the fourth quarter. Arizona State Retirement System now owns 12,217 shares of the company’s stock valued at $837,000 after buying an additional 465 shares during the last quarter. Duality Advisers LP purchased a new stake in World Wrestling Entertainment in the fourth quarter valued at approximately $311,000. Envestnet Asset Management Inc. lifted its stake in World Wrestling Entertainment by 5.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 49,974 shares of the company’s stock valued at $3,424,000 after buying an additional 2,411 shares during the last quarter. Ninety One UK Ltd lifted its stake in World Wrestling Entertainment by 1.0% in the fourth quarter. Ninety One UK Ltd now owns 2,578,778 shares of the company’s stock valued at $176,698,000 after buying an additional 25,941 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in World Wrestling Entertainment by 0.8% in the fourth quarter. Retirement Systems of Alabama now owns 57,070 shares of the company’s stock valued at $3,910,000 after buying an additional 454 shares during the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.
World Wrestling Entertainment Price Performance
WWE stock traded down $0.73 on Friday, reaching $83.62. 184,732 shares of the company’s stock were exchanged, compared to its average volume of 1,111,090. The stock has a fifty day moving average of $86.25 and a 200-day moving average of $77.82. World Wrestling Entertainment, Inc. has a twelve month low of $55.09 and a twelve month high of $93.63. The firm has a market cap of $6.23 billion, a PE ratio of 36.83 and a beta of 1.18. The company has a quick ratio of 1.44, a current ratio of 1.45 and a debt-to-equity ratio of 0.75.
World Wrestling Entertainment (NYSE:WWE – Get Rating) last announced its quarterly earnings data 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 business had revenue of $325.30 million for the quarter, compared to analyst estimates of $333.25 million. During the same period in the prior year, the company earned $0.70 EPS. The company’s revenue was up 4.8% on a year-over-year basis. As a group, equities analysts predict that World Wrestling Entertainment, Inc. will post 2.79 EPS for the current fiscal year.
World Wrestling Entertainment Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 27th. Investors of record on Wednesday, March 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Tuesday, March 14th. World Wrestling Entertainment’s dividend payout ratio is presently 20.96%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Wells Fargo & Company upgraded World Wrestling Entertainment from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $52.00 to $100.00 in a research note on Tuesday, January 17th. Benchmark boosted their price objective on World Wrestling Entertainment from $86.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Roth Capital reiterated a “buy” rating on shares of World Wrestling Entertainment in a research note on Friday, February 3rd. Morgan Stanley boosted their target price on World Wrestling Entertainment from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, January 17th. Finally, StockNews.com initiated coverage on World Wrestling Entertainment in a report on Thursday. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $91.70.
About World Wrestling Entertainment
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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