Victory Capital Management Inc. purchased a new stake in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) during the first quarter, Holdings Channel reports. The firm purchased 25,932 shares of the company’s stock, valued at approximately $576,000.
A number of other large investors have also made changes to their positions in WWE. Prudential Financial Inc. raised its stake in World Wrestling Entertainment by 0.6% in the first quarter. Prudential Financial Inc. now owns 65,268 shares of the company’s stock valued at $1,450,000 after buying an additional 400 shares during the last quarter. JPMorgan Chase & Co. raised its stake in World Wrestling Entertainment by 14,498.8% in the first quarter. JPMorgan Chase & Co. now owns 224,675 shares of the company’s stock valued at $4,993,000 after buying an additional 223,136 shares during the last quarter. Mason Street Advisors LLC raised its stake in World Wrestling Entertainment by 7.1% in the first quarter. Mason Street Advisors LLC now owns 9,003 shares of the company’s stock valued at $200,000 after buying an additional 600 shares during the last quarter. Oxford Asset Management purchased a new stake in World Wrestling Entertainment during the first quarter valued at $4,833,000. Finally, Lindsell Train Ltd raised its stake in World Wrestling Entertainment by 1.5% in the first quarter. Lindsell Train Ltd now owns 6,796,233 shares of the company’s stock valued at $151,012,000 after buying an additional 98,552 shares during the last quarter. 49.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) opened at 20.64 on Tuesday. The stock has a 50 day moving average of $20.25 and a 200 day moving average of $20.39. World Wrestling Entertainment, Inc. has a 12-month low of $16.77 and a 12-month high of $23.14. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 76.44 and a beta of 0.79.
World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.03. World Wrestling Entertainment had a return on equity of 11.35% and a net margin of 2.79%. The company had revenue of $188.40 million for the quarter, compared to the consensus estimate of $183.41 million. During the same quarter last year, the company posted $0.18 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts expect that World Wrestling Entertainment, Inc. will post $0.46 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 26th. Investors of record on Thursday, June 15th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.48 annualized dividend and a yield of 2.33%. World Wrestling Entertainment’s dividend payout ratio (DPR) is currently 184.62%.
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Several equities research analysts have recently weighed in on the stock. TheStreet raised shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a report on Thursday, May 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of World Wrestling Entertainment in a report on Tuesday, April 4th. ValuEngine raised shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BTIG Research reaffirmed a “buy” rating and issued a $25.00 target price on shares of World Wrestling Entertainment in a report on Sunday, April 2nd. Finally, Citigroup Inc. assumed coverage on shares of World Wrestling Entertainment in a report on Monday, March 27th. They issued a “buy” rating and a $25.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.11.
About World Wrestling Entertainment
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.
Want to see what other hedge funds are holding WWE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for World Wrestling Entertainment, Inc. (NYSE:WWE).
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