World Wrestling Entertainment, Inc. stock (NYSE: WWE – get rating) has an average “Hold” recommendation from the 13 rating agencies covering the company, Marketbeat.com reports. One equity research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Brokers who have updated their stock coverage in the last year have an average 1-year price target of $80.70.
Several analysts recently released reports on WWE stock. Stock News Network Start coverage on World Wrestling Entertainment in a research report on Wednesday, October 12th. They set a “hold” rating on the company. MKM Partners upped their price target on World Wrestling Entertainment from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, October 19th. Loop Capital upped their price target on shares of World Wrestling Entertainment from $90.00 to $105.00 in a research note on Friday. Morgan Stanley upped their price target on World Wrestling Entertainment from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 29th. Finally, Citigroup upped their price objective on shares of World Wrestling Entertainment to $86.00 in a research note on Tuesday, November 15th.
World Wrestling Entertainment Stock Performance
shares NYSEWWE It opened Friday at $84.27. The company’s 50-day moving average is $75.18 and its 200-day moving average is $71.22. The company’s debt-to-equity ratio is 0.82, the current ratio is 1.46, and the quick ratio is 1.46. World Wrestling Entertainment had a one-year low of $47.71 and a one-year high of $89.43. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 32.41, and a beta of 1.13.
World Wrestling Entertainment (NYSE: WWE – get rating) last released quarterly earnings results on Wednesday, November 2. The company reported earnings per share (EPS) of $0.65 for the quarter, beating the consensus estimate of $0.50 by $0.15. The company’s revenue for the quarter was $304.6 million, compared with the consensus estimate of $285.73 million. World Wrestling Entertainment had a return on equity of 54.64% and a net profit margin of 17.29%. Analysts expect World Wrestling Entertainment to report earnings of $2.57 per share for the fiscal year.
World Wrestling Entertainment Dividend Announcement
The company also recently declared a quarterly dividend, which is paid on Tuesday, December 27. Shareholders of record on Thursday, December 15 received a $0.12 dividend. The ex-dividend date is Wednesday 14 December. This represents an annualized dividend of $0.48 and a yield of 0.57%. World Wrestling Entertainment has a dividend payout ratio (DPR) of 18.46%.
Hedge Funds Involved in World Wrestling Entertainment
Several large investors have recently increased or decreased their stakes in WWE. Allworth Financial LP increased its stake in World Wrestling Entertainment by 84.4% in the third quarter. Allworth Financial LP now owns 402 shares of the company worth $28,000 after acquiring an additional 184 shares last quarter. Wipfli Financial Advisors LLC acquired a new position at World Wrestling Entertainment in the third quarter for approximately $32,000. Parallel Advisors LLC increased its stake in World Wrestling Entertainment by 26.5 percent during the second quarter. Parallel Advisors LLC now owns 745 shares of the company worth $47,000 after acquiring an additional 156 shares last quarter. WD Rutherford LLC secured a new position with World Wrestling Entertainment in the third quarter valued at approximately $51,000. Finally, Assetmark Inc. secured a new position at World Wrestling Entertainment in the second quarter, worth approximately $52,000. Institutional investors and hedge funds own 69.60% of the company’s stock.
World Wrestling Entertainment, Inc is an integrated media and entertainment company with sports and entertainment businesses in North America, Europe, Middle East, Africa, Asia Pacific and Latin America. It operates through three segments: Media, Live Events and Consumer Products. The Media segment is engaged in 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, and filmed entertainment.
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