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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to email@example.com.
Before you consider World Wrestling Entertainment, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and World Wrestling Entertainment wasn’t on the list.
While World Wrestling Entertainment currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
American film-producing and writing duo Christopher Miller and Phil Lord were determined to weave a combination of art and heart into Sony Picture's "
Once we get our first taste of sunshine, the only thing on our minds is Love Island. We're only human, after all. Although it may feel like winter Love Island w
(Reuters) - Kenneth Deutsch, an entertainment and media practice leader at law firm Latham & Watkins, has taken his practice to rival Paul Hastings, his new
Acquisition of London's Premier Hospitality Group Continues OVG's Robust Expansion into International Full-Service Hospitality LONDON and LOS ANGELES, June 1,