Chicago Equity Partners LLC lowered its stake in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,175 shares of the company’s stock after selling 2,770 shares during the quarter. Chicago Equity Partners LLC’s holdings in World Wrestling Entertainment were worth $4,795,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Retirement Systems of Alabama boosted its position in World Wrestling Entertainment by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 56,271 shares of the company’s stock worth $4,205,000 after purchasing an additional 242 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in World Wrestling Entertainment by 11.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,505 shares of the company’s stock worth $187,000 after purchasing an additional 259 shares during the period. First Manhattan Co. boosted its position in World Wrestling Entertainment by 1.2% during the fourth quarter. First Manhattan Co. now owns 22,775 shares of the company’s stock worth $1,701,000 after purchasing an additional 265 shares during the period. Arizona State Retirement System boosted its position in World Wrestling Entertainment by 1.2% during the fourth quarter. Arizona State Retirement System now owns 31,161 shares of the company’s stock worth $2,328,000 after purchasing an additional 366 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of World Wrestling Entertainment by 8.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 6,437 shares of the company’s stock worth $481,000 after buying an additional 500 shares during the last quarter. 59.78% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE WWE opened at $85.82 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 1.23. The firm has a market capitalization of $6.70 billion, a P/E ratio of 76.63 and a beta of 1.29. World Wrestling Entertainment, Inc. has a one year low of $33.40 and a one year high of $97.69.
World Wrestling Entertainment (NYSE:WWE) last issued its earnings results on Thursday, February 7th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. The business had revenue of $272.50 million during the quarter, compared to analyst estimates of $255.01 million. World Wrestling Entertainment had a return on equity of 34.02% and a net margin of 10.71%. World Wrestling Entertainment’s revenue was up 28.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. Equities analysts anticipate that World Wrestling Entertainment, Inc. will post 1.27 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Friday, March 15th will be paid a $0.12 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. World Wrestling Entertainment’s payout ratio is 42.86%.
A number of research analysts have recently commented on WWE shares. Zacks Investment Research upgraded World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Monday, January 14th. Guggenheim upped their price target on World Wrestling Entertainment from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 28th. KeyCorp reiterated a “buy” rating on shares of World Wrestling Entertainment in a report on Friday, October 26th. Loop Capital started coverage on World Wrestling Entertainment in a report on Friday, December 21st. They set a “hold” rating and a $85.00 price target for the company. Finally, Citigroup cut their price target on World Wrestling Entertainment from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, October 29th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $94.50.
In related news, insider George A. Barrios sold 37,500 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $64.99, for a total value of $2,437,125.00. Following the completion of the transaction, the insider now directly owns 394,407 shares in the company, valued at $25,632,510.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider George A. Barrios sold 60,000 shares of the company’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $81.52, for a total value of $4,891,200.00. Following the completion of the transaction, the insider now owns 287,103 shares of the company’s stock, valued at $23,404,636.56. The disclosure for this sale can be found here. Insiders sold 441,000 shares of company stock valued at $32,843,580 over the last 90 days. 45.10% of the stock is currently owned by corporate insiders.
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About World Wrestling Entertainment
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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