Shares of World Wrestling Entertainment Inc. (NYSE:WWE) have earned a consensus rating of “Hold” from the twelve research firms that are presently covering the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $21.55.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, July 19th. TheStreet cut shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Benchmark Co. reissued a “buy” rating and set a $21.86 target price on shares of World Wrestling Entertainment in a research note on Monday, August 1st. Pacific Crest reissued an “overweight” rating and set a $22.00 target price on shares of World Wrestling Entertainment in a research note on Monday, August 1st. Finally, Deutsche Bank AG reissued a “sell” rating on shares of World Wrestling Entertainment in a research note on Friday, October 28th.

In other news, CRO Michelle D. Wilson sold 12,100 shares of the stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $20.91, for a total value of $253,011.00. Following the completion of the sale, the executive now owns 331,159 shares of the company’s stock, valued at approximately $6,924,534.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael J. Luisi sold 7,875 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $21.39, for a total transaction of $168,446.25. Following the completion of the sale, the insider now directly owns 64,175 shares of the company’s stock, valued at approximately $1,372,703.25. The disclosure for this sale can be found here. 55.10% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Artemis Investment Management LLP purchased a new stake in World Wrestling Entertainment during the second quarter valued at $10,621,000. BlackRock Fund Advisors boosted its stake in World Wrestling Entertainment by 169.6% in the first quarter. BlackRock Fund Advisors now owns 2,010,653 shares of the company’s stock valued at $35,508,000 after buying an additional 1,264,908 shares during the period. Aristotle Capital Boston LLC boosted its stake in World Wrestling Entertainment by 3.4% in the second quarter. Aristotle Capital Boston LLC now owns 285,896 shares of the company’s stock valued at $5,263,000 after buying an additional 9,398 shares during the period. Principal Financial Group Inc. boosted its stake in World Wrestling Entertainment by 2.8% in the second quarter. Principal Financial Group Inc. now owns 241,110 shares of the company’s stock valued at $4,439,000 after buying an additional 6,499 shares during the period. Finally, Bbva Compass Bancshares Inc. purchased a new stake in World Wrestling Entertainment during the second quarter valued at $197,000. 47.98% of the stock is owned by institutional investors and hedge funds.

Shares of World Wrestling Entertainment (NYSE:WWE) opened at 17.81 on Friday. The firm has a 50-day moving average of $19.30 and a 200 day moving average of $19.17. The company has a market cap of $1.36 billion, a P/E ratio of 55.48 and a beta of 0.71. World Wrestling Entertainment has a 52 week low of $14.20 and a 52 week high of $21.55.

World Wrestling Entertainment (NYSE:WWE) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.04. The firm earned $164.20 million during the quarter, compared to analyst estimates of $107.40 million. World Wrestling Entertainment had a return on equity of 13.62% and a net margin of 3.51%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. Equities analysts expect that World Wrestling Entertainment will post $0.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 27th. Stockholders of record on Thursday, December 15th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.70%. World Wrestling Entertainment’s dividend payout ratio (DPR) is 154.84%.

About World Wrestling Entertainment

World Wrestling Entertainment, Inc (WWE) is a media and entertainment company. 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.

5 Day Chart for NYSE:WWE

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