World Wrestling Entertainment, Inc. (NYSE:WWE) insider George A. Barrios sold 37,708 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $80.00, for a total transaction of $3,016,640.00. Following the completion of the sale, the insider now owns 569,440 shares of the company’s stock, valued at $45,555,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NYSE:WWE opened at $77.67 on Tuesday. World Wrestling Entertainment, Inc. has a 12 month low of $20.62 and a 12 month high of $85.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.34 and a quick ratio of 1.31. The firm has a market cap of $6.19 billion, a PE ratio of 121.86 and a beta of 1.04.

World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings data on Thursday, July 26th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). World Wrestling Entertainment had a return on equity of 24.64% and a net margin of 5.93%. The company had revenue of $281.60 million for the quarter, compared to analyst estimates of $240.30 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 31.2% on a year-over-year basis. equities analysts predict that World Wrestling Entertainment, Inc. will post 0.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 25th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.62%. World Wrestling Entertainment’s payout ratio is currently 73.85%.

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in shares of World Wrestling Entertainment by 48.5% during the second quarter. Renaissance Technologies LLC now owns 3,318,100 shares of the company’s stock worth $241,624,000 after buying an additional 1,083,700 shares during the period. United Services Automobile Association lifted its stake in shares of World Wrestling Entertainment by 16.3% during the second quarter. United Services Automobile Association now owns 6,568 shares of the company’s stock worth $478,000 after buying an additional 922 shares during the period. Federated Investors Inc. PA lifted its stake in shares of World Wrestling Entertainment by 213.1% during the second quarter. Federated Investors Inc. PA now owns 108,830 shares of the company’s stock worth $7,925,000 after buying an additional 74,070 shares during the period. Summit Global Investments acquired a new stake in shares of World Wrestling Entertainment during the second quarter worth $772,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of World Wrestling Entertainment by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 504,577 shares of the company’s stock worth $36,745,000 after buying an additional 12,953 shares during the period. Institutional investors and hedge funds own 58.44% of the company’s stock.

Several brokerages have weighed in on WWE. Zacks Investment Research downgraded shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Morgan Stanley raised their target price on shares of World Wrestling Entertainment from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. JPMorgan Chase & Co. raised their target price on shares of World Wrestling Entertainment from $77.00 to $84.00 and gave the company a “hold” rating in a research note on Friday, July 27th. Wells Fargo & Co raised their target price on shares of World Wrestling Entertainment to $97.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. Finally, Needham & Company LLC raised their target price on shares of World Wrestling Entertainment from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. World Wrestling Entertainment has a consensus rating of “Buy” and a consensus target price of $84.82.

World Wrestling Entertainment Company Profile

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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