Capital Fund Management S.A. trimmed its position in shares of World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,121 shares of the company’s stock after selling 2,257 shares during the quarter. Capital Fund Management S.A.’s holdings in World Wrestling Entertainment were worth $2,605,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Allworth Financial LP boosted its position in shares of World Wrestling Entertainment by 84.4% in the 3rd quarter. Allworth Financial LP now owns 402 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares in the last quarter. Wipfli Financial Advisors LLC bought a new position in World Wrestling Entertainment in the 3rd quarter worth $32,000. WD Rutherford LLC bought a new position in shares of World Wrestling Entertainment during the 3rd quarter valued at about $51,000. Assetmark Inc. bought a new position in shares of World Wrestling Entertainment during the 2nd quarter valued at about $52,000. Finally, Eagle Bay Advisors LLC boosted its holdings in shares of World Wrestling Entertainment by 82.9% during the 2nd quarter. Eagle Bay Advisors LLC now owns 887 shares of the company’s stock valued at $55,000 after purchasing an additional 402 shares during the last quarter. 69.60% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. StockNews.com lowered shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, February 6th. Citigroup increased their price objective on shares of World Wrestling Entertainment to $86.00 in a research note on Tuesday, November 15th. Loop Capital raised their target price on shares of World Wrestling Entertainment from $90.00 to $105.00 in a research note on Friday, January 6th. Morgan Stanley lifted their price objective on shares of World Wrestling Entertainment from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 17th. Finally, Wells Fargo & Company raised shares of World Wrestling Entertainment from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $52.00 to $100.00 in a report on Tuesday, January 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $91.70.
World Wrestling Entertainment Price Performance
World Wrestling Entertainment stock opened at $83.55 on Friday. The company’s 50 day simple moving average is $83.70 and its 200-day simple moving average is $77.01. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 36.48 and a beta of 1.18. World Wrestling Entertainment, Inc. has a 1 year low of $54.66 and a 1 year high of $93.63. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.44 and a current ratio of 1.45.
World Wrestling Entertainment (NYSE:WWE – Get Rating) last announced its earnings results on Thursday, February 2nd. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.08). World Wrestling Entertainment had a return on equity of 47.41% and a net margin of 15.15%. The business had revenue of $325.30 million for the quarter, compared to analysts’ expectations of $333.25 million. During the same period in the previous year, the company earned $0.70 earnings per share. World Wrestling Entertainment’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that World Wrestling Entertainment, Inc. will post 2.79 earnings per share for the current year.
World Wrestling Entertainment Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 27th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Tuesday, March 14th. World Wrestling Entertainment’s payout ratio is currently 20.96%.
World Wrestling Entertainment Profile
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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