Dimensional Fund Advisors LP Boosts Stake in World Wrestling Entertainment, Inc. (NYSE:WWE)

Dimensional Fund Advisors LP lifted its holdings in World Wrestling Entertainment, Inc. (NYSE:WWE) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,028 shares of the company’s stock after acquiring an additional 20,576 shares during the period. Dimensional Fund Advisors LP owned approximately 0.29% of World Wrestling Entertainment worth $4,523,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its stake in shares of World Wrestling Entertainment by 20.2% in the second quarter. Parametric Portfolio Associates LLC now owns 83,240 shares of the company’s stock valued at $1,696,000 after purchasing an additional 14,004 shares during the period. Northern Trust Corp boosted its stake in shares of World Wrestling Entertainment by 6.3% in the second quarter. Northern Trust Corp now owns 516,923 shares of the company’s stock valued at $10,529,000 after purchasing an additional 30,596 shares during the period. Pinebridge Investments L.P. boosted its stake in shares of World Wrestling Entertainment by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock valued at $104,000 after purchasing an additional 51 shares during the period. New York State Common Retirement Fund boosted its stake in shares of World Wrestling Entertainment by 25.8% in the second quarter. New York State Common Retirement Fund now owns 40,900 shares of the company’s stock valued at $833,000 after purchasing an additional 8,399 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in shares of World Wrestling Entertainment by 7.1% in the second quarter. Thrivent Financial For Lutherans now owns 23,290 shares of the company’s stock valued at $474,000 after purchasing an additional 1,550 shares during the period. 49.84% of the stock is owned by institutional investors.

In other World Wrestling Entertainment news, insider Basil V. Jr. Devito sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $21.59, for a total transaction of $551,343.83. Following the transaction, the insider now owns 65,616 shares of the company’s stock, valued at approximately $1,416,649.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Blake Timothy Bilstad sold 1,801 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $26.40, for a total transaction of $47,546.40. The disclosure for this sale can be found here. 49.80% of the stock is currently owned by company insiders.

World Wrestling Entertainment, Inc. (WWE) traded up $0.18 during trading on Friday, hitting $30.33. 527,036 shares of the stock were exchanged, compared to its average volume of 544,130. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.62 and a current ratio of 2.68. World Wrestling Entertainment, Inc. has a one year low of $18.00 and a one year high of $30.40. The company has a market cap of $2,324.78, a P/E ratio of 56.89, a P/E/G ratio of 2.62 and a beta of 0.87.

World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.08. The business had revenue of $186.40 million for the quarter, compared to analysts’ expectations of $176.19 million. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. equities analysts expect that World Wrestling Entertainment, Inc. will post 0.58 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.48 annualized dividend and a yield of 1.58%. World Wrestling Entertainment’s payout ratio is 106.67%.

Several research analysts have recently weighed in on the stock. J P Morgan Chase & Co assumed coverage on shares of World Wrestling Entertainment in a research note on Wednesday. They issued an “overweight” rating for the company. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research note on Monday, October 30th. FBN Securities downgraded shares of World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 30th. Benchmark increased their price objective on shares of World Wrestling Entertainment from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set 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, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $25.25.

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World Wrestling Entertainment 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.

Institutional Ownership by Quarter for World Wrestling Entertainment (NYSE:WWE)

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