World Wrestling Entertainment, Inc. (WWE) SVP Sells $47,546.40 in Stock

World Wrestling Entertainment, Inc. (NYSE:WWE) SVP Blake Timothy Bilstad sold 1,801 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $26.40, for a total transaction of $47,546.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

World Wrestling Entertainment, Inc. (NYSE WWE) traded up $0.20 during mid-day trading on Monday, reaching $27.30. 510,200 shares of the company traded hands, compared to its average volume of 550,629. The firm has a market capitalization of $2,105.02, a price-to-earnings ratio of 51.51, a price-to-earnings-growth ratio of 2.63 and a beta of 0.86. The company has a current ratio of 2.68, a quick ratio of 2.62 and a debt-to-equity ratio of 0.83. World Wrestling Entertainment, Inc. has a 1-year low of $17.59 and a 1-year high of $27.62.

World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Thursday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.08. The business had revenue of $186.40 million for the quarter, compared to analyst estimates of $176.19 million. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. World Wrestling Entertainment’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. equities analysts anticipate that World Wrestling Entertainment, Inc. will post 0.52 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. World Wrestling Entertainment’s dividend payout ratio is presently 106.67%.

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Several institutional investors and hedge funds have recently bought and sold shares of WWE. Pinebridge Investments L.P. grew its position in World Wrestling Entertainment by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock worth $104,000 after purchasing an additional 51 shares in the last quarter. Alps Advisors Inc. grew its position in shares of World Wrestling Entertainment by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 23,635 shares of the company’s stock valued at $481,000 after acquiring an additional 61 shares during the period. Capital One National Association grew its position in shares of World Wrestling Entertainment by 0.8% during the 2nd quarter. Capital One National Association now owns 17,820 shares of the company’s stock valued at $363,000 after acquiring an additional 143 shares during the period. Aperio Group LLC grew its position in shares of World Wrestling Entertainment by 2.1% during the 2nd quarter. Aperio Group LLC now owns 10,469 shares of the company’s stock valued at $213,000 after acquiring an additional 220 shares during the period. Finally, Texas Permanent School Fund grew its position in shares of World Wrestling Entertainment by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 28,114 shares of the company’s stock valued at $573,000 after acquiring an additional 240 shares during the period. Institutional investors own 49.54% of the company’s stock.

A number of research firms have weighed in on WWE. Benchmark Co. boosted their target price on shares of World Wrestling Entertainment from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research note on Monday, October 30th. FBN Securities cut shares of World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 30th. KeyCorp reissued a “hold” rating on shares of World Wrestling Entertainment in a research note on Tuesday, October 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of World Wrestling Entertainment in a research note on Tuesday, September 26th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $25.25.

World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.

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

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