BlackRock Inc. decreased its stake in World Wrestling Entertainment, Inc. (SEC). After selling 439,418 shares over time, the business owned 4,664,507 shares of the company’s stock. As of its most recent SEC filing, BlackRock Inc. owns about 6.27 percent of World Wrestling Entertainment for $327,310,000.
Numerous other significant investors have also purchased and sold company stock. In the second quarter, Renaissance Technologies LLC increased its World Wrestling Entertainment shares by 111.2%. After acquiring an additional 648,300 shares during the quarter, Renaissance Technologies LLC now holds 1,227,200 shares of the company’s stock worth $76,688,000. In the first quarter, State Street Corp increased its World Wrestling Entertainment shares by 3.4%. After purchasing an additional 38,145 shares during the quarter, State Street Corp now holds 1,174,998 shares of the company’s stock worth $73,367,000. In the second quarter, Principal Financial Group Inc. increased its World Wrestling Entertainment shares by 188.2%. Principal Financial Group Inc. now holds 1,164,418 shares of the company’s stock worth $72,765,000 after purchasing an additional 760,365 shares during the last frame. In the first quarter, Northern Trust Corp increased its World Wrestling Entertainment shares by 30.1%. Northern Trust Corp now has 891,045 shares of the company’s stock worth $55,636,000 after purchasing an additional 206,414 shares during the period. In the first quarter, Rice Hall James & Associates LLC increased its holdings in World Wrestling Entertainment by 6.4%. After purchasing an additional 46,351 shares during the period, Rice Hall James & Associates LLC now holds 767,630 shares of the company’s stock worth $47,931,000. Institutional investors and hedge funds presently hold 69.60% of the company’s shares.
World Wrestling Entertainment Stock Performance.
On Friday, WWE stock began trading at $81.15 per share. The firm’s 50-day and 200-day moving averages are $85.25 and $77.44, respectively. The one-year low for World Wrestling Entertainment, Inc. is $54.66, and the one-year high is $93.63. The business has a $6.04 billion market value, a PE ratio of 35.44, and a beta of 1.18. The company’s debt-to-equity ratio is 0.75, while its current and quick ratios are 1.45 and 1.44, respectively.
World Wrestling Entertainment (NYSE: WWE – Get Rating) released its most recent quarterly results report on February 2nd. The company’s quarterly earnings per share came in at $0.52, missing the average expectation of $0.60 by $0.08. The company’s quarterly sales were $325.30 million, compared to the average expectation of $333.25 million. World Wrestling Entertainment’s net margin was 15.15 percent, while its return on equity was 47.41 percent. The company’s sales increased 4.8% year-over-year. During the same time the previous year, the company generated $0.70 in earnings per share. Analysts predict that World Wrestling Entertainment, Inc. will produce earnings per share of $2.79 for the current fiscal year.
Announcement of the World Wrestling Entertainment Dividend.
Also, the company just declared a quarterly dividend, which will be paid on March 27. A $0.12 dividend per share will be distributed to shareholders of record on March 15th. This is a yearly dividend of $0.48 and a dividend yield of 0.59%. The ex-dividend date is March 14th, Tuesday. Currently, World Wrestling Entertainment has a dividend payout ratio of 20.96%.
Analysts from Wall Street Weigh In.
Many brokerages have lately commented on WWE. Citigroup raised their price target on shares of World Wrestling Entertainment in research dated November 15th to $86.00. Friday, January 6th, Loop Capital boosted their price objective on shares of World Wrestling Entertainment from $90.00 to $105.00 in a research report. Monday, January 30th, Wolfe Research downgraded shares of World Wrestling Entertainment from “outperform” to “peer perform” in a research report. In a report published on Tuesday, January 17th, Wells Fargo & Company upgraded shares of World Wrestling Entertainment from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $52.00 to $100.00. Friday, February 3rd, Roth Capital restated its “buy” rating on shares of World Wrestling Entertainment in a research report. One analyst has assigned a sell recommendation to the stock, five have assigned a hold rating, and five have assigned a buy rating. World Wrestling Entertainment has an average rating of “Hold” with a consensus target price of $91.70, according to data from MarketBeat.