Sirios Capital Management L P boosted its position in World Wrestling Entertainment, Inc. (NYSE:WWE) by 2.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 293,015 shares of the company’s stock after buying an additional 6,617 shares during the period. Sirios Capital Management L P owned about 0.38% of World Wrestling Entertainment worth $5,968,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in shares of World Wrestling Entertainment by 4.9% in the first quarter. Ameriprise Financial Inc. now owns 201,196 shares of the company’s stock worth $4,471,000 after buying an additional 9,355 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of World Wrestling Entertainment during the first quarter worth about $1,337,000. Sei Investments Co. boosted its position in shares of World Wrestling Entertainment by 415.8% in the first quarter. Sei Investments Co. now owns 73,440 shares of the company’s stock worth $1,633,000 after buying an additional 59,202 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of World Wrestling Entertainment during the first quarter worth about $228,000. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of World Wrestling Entertainment during the first quarter worth about $229,000. Institutional investors own 50.11% of the company’s stock.

World Wrestling Entertainment, Inc. (WWE) traded up 0.10% during midday trading on Friday, reaching $20.98. 17,657 shares of the company traded hands. The stock has a market capitalization of $1.62 billion, a P/E ratio of 63.96 and a beta of 0.82. The firm has a 50-day moving average of $21.06 and a 200-day moving average of $20.94. World Wrestling Entertainment, Inc. has a 1-year low of $16.77 and a 1-year high of $23.14.

World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $209.28 million. World Wrestling Entertainment had a return on equity of 13.07% and a net margin of 3.29%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. On average, analysts predict that World Wrestling Entertainment, Inc. will post $0.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 2.29%. World Wrestling Entertainment’s dividend payout ratio is currently 154.84%.

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WWE has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Monday, July 31st. Benchmark Co. restated a “buy” rating and set a $25.00 target price (down previously from $26.00) on shares of World Wrestling Entertainment in a research note on Sunday, July 30th. ValuEngine upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, TheStreet upgraded shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research note on Thursday, May 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $24.38.

In other news, EVP Casey Collins sold 13,383 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $21.23, for a total value of $284,121.09. Following the completion of the sale, the executive vice president now directly owns 43,926 shares of the company’s stock, valued at approximately $932,548.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Michelle D. Wilson sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $21.25, for a total value of $1,168,750.00. Following the completion of the sale, the executive now directly owns 436,174 shares of the company’s stock, valued at $9,268,697.50. The disclosure for this sale can be found here. Insiders sold a total of 73,133 shares of company stock valued at $1,554,711 over the last three months. Insiders own 49.80% of the company’s stock.

World Wrestling Entertainment Company Profile

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.

Institutional Ownership by Quarter for World Wrestling Entertainment (NYSE:WWE)

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