World Wrestling Entertainment, Inc. (NYSE:WWE) saw unusually-high trading volume on Wednesday . Approximately 1,786,035 shares were traded during trading, an increase of 220% from the previous session’s volume of 557,603 shares.The stock last traded at $31.88 and had previously closed at $30.54.

WWE has been the topic of a number of research analyst reports. Benchmark boosted their price objective on shares of World Wrestling Entertainment from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of World Wrestling Entertainment in a report on Tuesday, September 26th. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, September 12th. ValuEngine raised shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, KeyCorp reissued a “hold” rating on shares of World Wrestling Entertainment in a report on Tuesday, October 17th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. World Wrestling Entertainment has a consensus rating of “Buy” and an average price target of $25.25.

The stock has a market cap of $2,367.96, a price-to-earnings ratio of 57.94, a PEG ratio of 2.67 and a beta of 0.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.62 and a current ratio of 2.68.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.08. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The company had revenue of $186.40 million for the quarter, compared to the consensus estimate of $176.19 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. equities analysts expect that World Wrestling Entertainment, Inc. will post 0.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, December 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 106.67%.

In other World Wrestling Entertainment news, SVP Blake Timothy Bilstad sold 1,801 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $26.40, for a total value of $47,546.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 49.80% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Pinebridge Investments L.P. raised its position in shares of World Wrestling Entertainment by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock valued at $104,000 after buying an additional 51 shares during the last quarter. Alps Advisors Inc. raised its position in shares of World Wrestling Entertainment by 0.3% in the second quarter. Alps Advisors Inc. now owns 23,635 shares of the company’s stock valued at $481,000 after buying an additional 61 shares during the last quarter. Aperio Group LLC raised its position in shares of World Wrestling Entertainment by 2.1% in the second quarter. Aperio Group LLC now owns 10,469 shares of the company’s stock valued at $213,000 after buying an additional 220 shares during the last quarter. Texas Permanent School Fund raised its position in shares of World Wrestling Entertainment by 0.9% in the second quarter. Texas Permanent School Fund now owns 28,114 shares of the company’s stock valued at $573,000 after buying an additional 240 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of World Wrestling Entertainment by 7.1% in the second quarter. Thrivent Financial For Lutherans now owns 23,290 shares of the company’s stock valued at $474,000 after buying an additional 1,550 shares during the last quarter. 49.84% of the stock is owned by institutional investors and hedge funds.

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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.

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