New York State Mutual Retirement Fund reduced stake in World Wrestling Entertainment, Inc. (NYSE: WWE – get rating) rose 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owns 45,483 shares of the company after selling 1,457 shares during the quarter. The New York State Mutual Retirement Fund owns 0.06% of World Wrestling Entertainment, worth $3,192,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also adjusted their stakes in the company. Allworth Financial LP’s stake in World Wrestling Entertainment rose 84.4% in the third quarter. Allworth Financial LP now owns 402 shares of the company worth $28,000 after buying an additional 184 shares last quarter. Wipfli Financial Advisors LLC bought a new position in World Wrestling Entertainment stock worth $32,000 in the third quarter. WD Rutherford LLC bought a new position in World Wrestling Entertainment stock worth $51,000 during the third quarter. Parallel Advisors LLC increased its World Wrestling Entertainment stake by 26.5% in the second quarter. Parallel Advisors LLC now owns 745 shares of the company worth $47,000 after buying an additional 156 shares last quarter. Finally, Assetmark Inc. bought a new position in World Wrestling Entertainment stock worth $52,000 during the second quarter. Hedge funds and other institutional investors own 69.60% of the company.
World Wrestling Entertainment Price Performance
shares NYSE: WWE It opened at $87.29 on Wednesday. World Wrestling Entertainment, Inc. had a fifty-two-week low of $54.66 and a fifty-two-week high of $93.63. The company’s 50-day moving average is $80.70 and its 200-day moving average is $75.87. The market cap is $6.49 billion, with a price-to-earnings ratio of 38.12 and a beta of 1.15. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.45, and a quick ratio of 1.44.
World Wrestling Entertainment (NYSE: WWE – get rating) last reported its quarterly earnings data on Thursday, February 2. The company reported EPS of $0.52 for the quarter, missing the consensus estimate of $0.60 ($0.08). World Wrestling Entertainment had a return on equity of 47.41% and a net profit margin of 15.15%. The business reported revenue of $325.30 million for the quarter, compared with analyst estimates of $333.25 million. In the same period last year, the company reported EPS of $0.70. World Wrestling Entertainment’s revenue for the quarter rose 4.8% year-over-year. On average, equity research analysts predict World Wrestling Entertainment, Inc. will post earnings per share of 2.79 for the fiscal year.
World Wrestling Entertainment Announces Dividends
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 27. Investors of record on Wednesday, March 15 will receive a dividend of $0.12 per share. The ex-dividend date for this dividend is Tuesday, March 14. This represents an annualized dividend of $0.48 and a dividend yield of 0.55%. World Wrestling Entertainment currently has a dividend payout ratio of 20.96%.
Wall Street analysts weigh in
A number of research analysts have commented on the company. Loop Capital upped their target price on shares of World Wrestling Entertainment from $90.00 to $105.00 in a research report on Friday, January 6th. Wells Fargo & Company raised shares of World Wrestling Entertainment from an “underweight” rating to a “hold” rating and raised their price target on the company from $52.00 to $100.00 in a research report on Tuesday, January 17th. 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 report on Friday, February 3rd. Citigroup upped their target price on shares of World Wrestling Entertainment to $86.00 in a research report on Tuesday, November 15th. at last, Stock News Network World Wrestling Entertainment was downgraded from a “hold” rating to a “sell” rating in a research note on Monday, February 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $91.70.
About World Wrestling Entertainment
World Wrestling Entertainment, Inc is an integrated media and entertainment company engaged 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 a variety of platforms, including WWE Network, broadcast and pay television, digital and social media, and filmed entertainment.
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