Insider Selling: World Wrestling Entertainment, Inc. (WWE) Insider Sells 25,000 Shares of Stock

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World Wrestling Entertainment, Inc. (NYSE:WWE) insider Kevin Dunn sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $86.87, for a total value of $2,171,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kevin Dunn also recently made the following trade(s):

  • On Monday, July 30th, Kevin Dunn sold 100,000 shares of World Wrestling Entertainment stock. The shares were sold at an average price of $79.18, for a total value of $7,918,000.00.

WWE traded down $0.08 during midday trading on Friday, hitting $87.02. The stock had a trading volume of 710,600 shares, compared to its average volume of 1,084,590. The firm has a market cap of $6.71 billion, a P/E ratio of 134.57 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.34 and a quick ratio of 1.31. World Wrestling Entertainment, Inc. has a 1 year low of $21.22 and a 1 year high of $89.21.

World Wrestling Entertainment (NYSE:WWE) last issued its earnings results on Thursday, July 26th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). The firm had revenue of $281.60 million during the quarter, compared to analysts’ expectations of $240.30 million. World Wrestling Entertainment had a return on equity of 24.64% and a net margin of 5.93%. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. equities analysts anticipate that World Wrestling Entertainment, Inc. will post 0.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Friday, September 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, September 13th. World Wrestling Entertainment’s dividend payout ratio is currently 73.85%.

Several brokerages have recently weighed in on WWE. Needham & Company LLC upped their price target on World Wrestling Entertainment to $80.00 and gave the company a “buy” rating in a research report on Thursday, June 28th. MKM Partners upped their price target on World Wrestling Entertainment to $95.00 and gave the company a “buy” rating in a research report on Friday, June 29th. JPMorgan Chase & Co. upped their price objective on shares of World Wrestling Entertainment from $46.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, June 22nd. Wells Fargo & Co upped their price objective on shares of World Wrestling Entertainment from $48.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, June 15th. Finally, Guggenheim upped their target price on World Wrestling Entertainment to $82.00 and gave the stock an “average” rating in a research note on Wednesday, June 27th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. World Wrestling Entertainment presently has an average rating of “Buy” and a consensus price target of $86.27.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. purchased a new stake in shares of World Wrestling Entertainment during the second quarter valued at approximately $423,000. Davidson Kempner Capital Management LP purchased a new stake in shares of World Wrestling Entertainment during the second quarter valued at approximately $21,846,000. Bank of Nova Scotia purchased a new stake in shares of World Wrestling Entertainment during the second quarter valued at approximately $2,767,000. Millennium Management LLC boosted its stake in shares of World Wrestling Entertainment by 51.9% during the second quarter. Millennium Management LLC now owns 502,828 shares of the company’s stock valued at $36,616,000 after purchasing an additional 171,729 shares during the period. Finally, MetLife Investment Advisors LLC boosted its stake in shares of World Wrestling Entertainment by 6.6% during the second quarter. MetLife Investment Advisors LLC now owns 19,301 shares of the company’s stock valued at $1,405,000 after purchasing an additional 1,188 shares during the period. 61.54% of the stock is owned by institutional investors and hedge funds.

World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios segments.

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Insider Buying and Selling by Quarter for World Wrestling Entertainment (NYSE:WWE)

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