Texas Permanent School Fund boosted its holdings in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,698 shares of the company’s stock after buying an additional 1,288 shares during the period. Texas Permanent School Fund’s holdings in World Wrestling Entertainment were worth $2,577,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Neuburgh Advisers LLC boosted its stake in World Wrestling Entertainment by 4.1% during the fourth quarter. Neuburgh Advisers LLC now owns 4,972 shares of the company’s stock worth $372,000 after buying an additional 198 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in World Wrestling Entertainment by 1.7% during the first quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the company’s stock worth $1,015,000 after buying an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in World Wrestling Entertainment by 8.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,723 shares of the company’s stock worth $236,000 after buying an additional 218 shares in the last quarter. Retirement Systems of Alabama boosted its stake in World Wrestling Entertainment by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 56,271 shares of the company’s stock worth $4,205,000 after buying an additional 242 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in World Wrestling Entertainment by 0.8% during the first quarter. Arizona State Retirement System now owns 31,407 shares of the company’s stock worth $2,725,000 after buying an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 64.01% of the company’s stock.
Several equities research analysts have recently commented on the stock. Wolfe Research boosted their target price on shares of World Wrestling Entertainment from $105.00 to $157.00 in a research note on Friday, March 15th. MKM Partners boosted their target price on shares of World Wrestling Entertainment from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Friday, April 19th. KeyCorp set a $104.00 target price on shares of World Wrestling Entertainment and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Finally, Loop Capital upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and boosted their target price for the company from $85.00 to $100.00 in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $103.00.
Shares of NYSE:WWE traded down $0.03 on Friday, hitting $81.62. The stock had a trading volume of 13,855 shares, compared to its average volume of 1,636,066. World Wrestling Entertainment, Inc. has a twelve month low of $48.46 and a twelve month high of $100.45. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.25 and a current ratio of 1.28. The company has a market capitalization of $6.34 billion, a PE ratio of 72.91 and a beta of 1.29.
World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.09). World Wrestling Entertainment had a net margin of 8.26% and a return on equity of 25.24%. The business had revenue of $182.40 million during the quarter, compared to the consensus estimate of $199.24 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts forecast that World Wrestling Entertainment, Inc. will post 1.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Friday, June 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. World Wrestling Entertainment’s dividend payout ratio is 42.86%.
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World Wrestling Entertainment Company Profile
World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.
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