Sheaff Brock Investment Advisors LLC Raises Stake in World Wrestling Entertainment, Inc. (WWE)

Sheaff Brock Investment Advisors LLC lifted its stake in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) by 33.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,100 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Sheaff Brock Investment Advisors LLC owned 0.05% of World Wrestling Entertainment worth $817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of World Wrestling Entertainment by 84.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 414,161 shares of the company’s stock valued at $8,436,000 after purchasing an additional 189,486 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its position in World Wrestling Entertainment by 100.8% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 916,673 shares of the company’s stock worth $19,516,000 after buying an additional 460,117 shares during the period. Heartland Advisors Inc. acquired a new stake in World Wrestling Entertainment during the 2nd quarter worth approximately $6,938,000. Principal Financial Group Inc. boosted its position in World Wrestling Entertainment by 2.2% during the 2nd quarter. Principal Financial Group Inc. now owns 312,227 shares of the company’s stock worth $6,360,000 after buying an additional 6,764 shares during the period. Finally, Sirios Capital Management L P boosted its position in World Wrestling Entertainment by 2.3% during the 2nd quarter. Sirios Capital Management L P now owns 293,015 shares of the company’s stock worth $5,968,000 after buying an additional 6,617 shares during the period. 49.49% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on WWE shares. 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 report on Monday, July 31st. Benchmark Co. restated a “buy” rating and issued a $25.00 price target (down previously from $26.00) on shares of World Wrestling Entertainment in a research report on Sunday, July 30th. Morgan Stanley started coverage on shares of World Wrestling Entertainment in a research report on Friday, June 30th. They issued an “equal weight” rating and a $23.00 price target on the stock. ValuEngine upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub downgraded shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. One investment 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 currently has an average rating of “Buy” and a consensus price target of $24.38.

In related news, SVP Mark Kowal sold 2,275 shares of World Wrestling Entertainment stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $21.99, for a total transaction of $50,027.25. Following the transaction, the senior vice president now owns 14,736 shares in the company, valued at $324,044.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Casey Collins sold 13,383 shares of World Wrestling Entertainment 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 transaction, the executive vice president now owns 43,926 shares in the company, valued at approximately $932,548.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 173,231 shares of company stock worth $3,660,354. Company insiders own 49.80% of the company’s stock.

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Shares of World Wrestling Entertainment, Inc. (NYSE WWE) opened at 22.60 on Friday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 68.90 and a beta of 0.79. The stock has a 50 day moving average of $21.46 and a 200 day moving average of $21.01. 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 earnings results on Thursday, July 27th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. World Wrestling Entertainment had a return on equity of 13.07% and a net margin of 3.29%. The firm had revenue of $214.60 million for the quarter, compared to analyst estimates of $209.28 million. During the same period last year, the company earned $0.01 earnings per share. World Wrestling Entertainment’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that World Wrestling Entertainment, Inc. will post $0.46 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 15th will be given 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 2.12%. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 154.84%.

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.

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

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