World Wrestling Entertainment, Inc. (NYSE:WWE) insider George A. Barrios sold 60,000 shares of World Wrestling Entertainment stock in a transaction on Monday, January 28th. The shares were sold at an average price of $81.52, for a total transaction of $4,891,200.00. Following the completion of the transaction, the insider now directly owns 287,103 shares of the company’s stock, valued at approximately $23,404,636.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
WWE opened at $86.27 on Thursday. The firm has a market capitalization of $6.83 billion, a P/E ratio of 77.03 and a beta of 1.29. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. World Wrestling Entertainment, Inc. has a 1 year low of $34.69 and a 1 year high of $97.69.
World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.14. The firm had revenue of $272.50 million during the quarter, compared to analysts’ expectations of $255.01 million. World Wrestling Entertainment had a return on equity of 34.02% and a net margin of 10.71%. The company’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. On average, research analysts expect that World Wrestling Entertainment, Inc. will post 1.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. World Wrestling Entertainment’s dividend payout ratio (DPR) is currently 42.86%.
Several research firms have weighed in on WWE. JPMorgan Chase & Co. raised shares of World Wrestling Entertainment from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $84.00 to $87.00 in a research note on Friday, November 30th. Loop Capital initiated coverage on shares of World Wrestling Entertainment in a research note on Friday, December 21st. They issued a “hold” rating and a $85.00 price target on the stock. Citigroup reduced their price target on shares of World Wrestling Entertainment from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, October 29th. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Monday, January 14th. Finally, Morgan Stanley cut their target price on shares of World Wrestling Entertainment from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 30th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $94.50.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of World Wrestling Entertainment by 1.1% during the 4th quarter. BlackRock Inc. now owns 5,331,594 shares of the company’s stock worth $398,376,000 after buying an additional 58,542 shares in the last quarter. Wells Fargo & Company MN grew its position in World Wrestling Entertainment by 115.7% during the 3rd quarter. Wells Fargo & Company MN now owns 1,029,062 shares of the company’s stock worth $99,540,000 after acquiring an additional 551,947 shares during the last quarter. Northern Trust Corp grew its position in World Wrestling Entertainment by 2.4% during the 2nd quarter. Northern Trust Corp now owns 556,130 shares of the company’s stock worth $40,498,000 after acquiring an additional 13,159 shares during the last quarter. Dimensional Fund Advisors LP grew its position in World Wrestling Entertainment by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 504,577 shares of the company’s stock worth $36,745,000 after acquiring an additional 12,953 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in World Wrestling Entertainment by 16.6% during the 4th quarter. Geode Capital Management LLC now owns 504,124 shares of the company’s stock worth $37,668,000 after acquiring an additional 71,849 shares during the last quarter. 59.20% of the stock is owned by institutional investors.
About World Wrestling Entertainment
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. The company operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios segments.
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