World Wrestling Entertainment, Inc. (NYSE:WWE)’s share price reached a new 52-week high on Thursday . The stock traded as high as $30.10 and last traded at $29.53, with a volume of 806400 shares traded. The stock had previously closed at $28.77.

Several research firms have recently weighed in on WWE. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research note on Monday, October 30th. ValuEngine upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of World Wrestling Entertainment in a research note on Tuesday, October 17th. Benchmark boosted their price objective on shares of World Wrestling Entertainment from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Finally, FBN Securities cut shares of World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 30th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. World Wrestling Entertainment has an average rating of “Buy” and a consensus price target of $25.25.

The firm has a market cap of $2,218.37, a P/E ratio of 54.28, a P/E/G ratio of 2.60 and a beta of 0.87. The company has a current ratio of 2.68, a quick ratio of 2.62 and a debt-to-equity ratio of 0.83.

World Wrestling Entertainment (NYSE:WWE) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.20 by $0.08. The company had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $176.19 million. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. World Wrestling Entertainment’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. sell-side analysts anticipate that World Wrestling Entertainment, Inc. will post 0.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.48 annualized dividend and a yield of 1.59%. World Wrestling Entertainment’s dividend payout ratio is currently 106.67%.

In other World Wrestling Entertainment news, insider Basil V. Jr. Devito sold 25,537 shares of World Wrestling Entertainment stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $21.59, for a total transaction of $551,343.83. Following the completion of the sale, the insider now directly owns 65,616 shares in the company, valued at $1,416,649.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Blake Timothy Bilstad sold 1,801 shares of World Wrestling Entertainment stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $26.40, for a total transaction of $47,546.40. The disclosure for this sale can be found here. 49.80% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Lindsell Train Ltd lifted its holdings in shares of World Wrestling Entertainment by 2.1% in the 3rd quarter. Lindsell Train Ltd now owns 7,232,868 shares of the company’s stock worth $170,334,000 after acquiring an additional 150,000 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of World Wrestling Entertainment by 1.4% in the 2nd quarter. BlackRock Inc. now owns 4,487,555 shares of the company’s stock worth $91,410,000 after acquiring an additional 61,167 shares during the last quarter. EastBay Asset Management LLC lifted its holdings in shares of World Wrestling Entertainment by 153.2% in the 2nd quarter. EastBay Asset Management LLC now owns 1,337,130 shares of the company’s stock worth $27,237,000 after acquiring an additional 809,130 shares during the last quarter. Eagle Boston Investment Management Inc. lifted its holdings in shares of World Wrestling Entertainment by 100.8% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 916,673 shares of the company’s stock worth $19,516,000 after acquiring an additional 460,117 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of World Wrestling Entertainment by 5.5% in the 2nd quarter. State Street Corp now owns 872,209 shares of the company’s stock worth $17,763,000 after acquiring an additional 45,601 shares during the last quarter. Institutional investors and hedge funds own 49.84% of the company’s stock.

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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.

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