Caxton Associates LP purchased a new position in World Wrestling Entertainment, Inc. (NYSE:WWE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 105,000 shares of the company’s stock, valued at approximately $2,139,000. Caxton Associates LP owned approximately 0.14% of World Wrestling Entertainment as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. NGAM Advisors L.P. bought a new position in shares of World Wrestling Entertainment in the second quarter worth $207,000. Prudential Financial Inc. grew its stake in shares of World Wrestling Entertainment by 0.6% in the first quarter. Prudential Financial Inc. now owns 65,268 shares of the company’s stock worth $1,450,000 after purchasing an additional 400 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of World Wrestling Entertainment in the first quarter worth $576,000. Swiss National Bank grew its stake in shares of World Wrestling Entertainment by 8.3% in the first quarter. Swiss National Bank now owns 60,200 shares of the company’s stock worth $1,338,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Capital One National Association grew its stake in shares of World Wrestling Entertainment by 0.8% in the second quarter. Capital One National Association now owns 17,820 shares of the company’s stock worth $363,000 after purchasing an additional 143 shares in the last quarter. 49.49% of the stock is owned by institutional investors.
Shares of World Wrestling Entertainment, Inc. (WWE) traded down 0.30% on Monday, reaching $23.44. The company had a trading volume of 37,708 shares. World Wrestling Entertainment, Inc. has a one year low of $16.77 and a one year high of $23.88. The company has a 50-day moving average price of $22.20 and a 200-day moving average price of $21.24. The firm has a market cap of $1.81 billion, a P/E ratio of 71.46 and a beta of 0.84.
World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Thursday, July 27th. The company reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The company 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 business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.01 EPS. On average, analysts expect that World Wrestling Entertainment, Inc. will post $0.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 15th were paid a $0.12 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 2.04%. World Wrestling Entertainment’s dividend payout ratio (DPR) is currently 154.84%.
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WWE has been the subject of several research reports. Morgan Stanley initiated coverage on World Wrestling Entertainment in a research note on Friday, June 30th. They set an “equal weight” rating and a $23.00 target price for the company. ValuEngine cut World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Benchmark Co. reaffirmed 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. Finally, BidaskClub cut World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. World Wrestling Entertainment presently has an average rating of “Buy” and a consensus price target of $24.38.
In other news, insider Basil V. Jr. Devito sold 25,537 shares of World Wrestling Entertainment stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $21.59, for a total value of $551,343.83. Following the completion of the sale, the insider now directly owns 65,616 shares of the company’s stock, valued at approximately $1,416,649.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Casey Collins sold 13,383 shares of World Wrestling Entertainment stock in a transaction on Monday, July 31st. The shares were 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 $932,548.98. The disclosure for this sale can be found here. Insiders sold a total of 173,231 shares of company stock valued at $3,660,354 over the last three months. Insiders own 49.80% of the company’s stock.
World Wrestling Entertainment 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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