First Trust Advisors LP lessened its stake in World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,854 shares of the company’s stock after selling 12,669 shares during the quarter. First Trust Advisors LP owned 0.15% of World Wrestling Entertainment worth $7,664,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Rice Hall James & Associates LLC raised its holdings in shares of World Wrestling Entertainment by 6.4% during the first 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 during the last quarter. US Bancorp DE raised its stake in World Wrestling Entertainment by 55.9% in the first quarter. US Bancorp DE now owns 957 shares of the company’s stock valued at $59,000 after buying an additional 343 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in World Wrestling Entertainment in the first quarter valued at $235,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of World Wrestling Entertainment by 11,166.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,280 shares of the company’s stock worth $1,266,000 after purchasing an additional 20,100 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of World Wrestling Entertainment by 38.2% during the first quarter. MetLife Investment Management LLC now owns 29,949 shares of the company’s stock worth $1,870,000 after purchasing an additional 8,279 shares during the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.
Shares of WWE stock opened at $101.53 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 52.07 and a beta of 1.19. The firm’s 50 day moving average is $100.33 and its 200-day moving average is $87.64. World Wrestling Entertainment, Inc. has a 1 year low of $58.72 and a 1 year high of $110.24.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Thursday, June 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.47%. The ex-dividend date is Wednesday, June 14th. World Wrestling Entertainment’s payout ratio is 24.62%.
A number of research firms have recently issued reports on WWE. Guggenheim lifted their price target on shares of World Wrestling Entertainment from $105.00 to $114.00 in a research report on Wednesday, April 12th. Wells Fargo & Company increased their price target on World Wrestling Entertainment from $100.00 to $109.00 in a research note on Wednesday, May 3rd. VNET Group reiterated a “maintains” rating on shares of World Wrestling Entertainment in a report on Thursday, May 4th. Morgan Stanley raised their target price on World Wrestling Entertainment from $120.00 to $125.00 in a research note on Thursday, May 4th. Finally, 1-800-FLOWERS.COM restated a “maintains” rating on shares of World Wrestling Entertainment in a research note on Thursday, May 4th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $105.56.
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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