First Trust Advisors LP Reduces Shares in World Wrestling Entertainment, Inc. (NYSE:WWE)
First Trust Advisors LP reduced its stake in World Wrestling Entertainment, Inc. (NYSE:WWE – get rating) by 10.2% in the fourth quarter, the company said in its most recent filing with the Securities & Exchange Commission. The company owned 111,854 shares of the company’s stock after selling 12,669 shares during the quarter. First Trust Advisors LP owned 0.15% of World Wrestling Entertainment valued at $7,664,000 at the time of the most recent SEC filing.
Other institutional investors and hedge funds have also changed their holdings in the company. Rice Hall James & Associates LLC increased its stake in World Wrestling Entertainment by 6.4% during the first quarter. Rice Hall James & Associates LLC now owns 767,630 shares of the company’s stock valued at $47,931,000 after purchasing an additional 46,351 shares last quarter. US Bancorp DE increased its stake in World Wrestling Entertainment by 55.9% in the first quarter. US Bancorp DE now owns 957 shares of the company, valued at $59,000, after buying another 343 shares last quarter. Cambridge Investment Research Advisors Inc. acquired a new $235,000 stake in World Wrestling Entertainment during the first quarter. The Healthcare of Ontario Pension Plan Trust Fund increased its stake in World Wrestling Entertainment stock by 11,166.7% during the first quarter. The Healthcare of Ontario Pension Plan Trust Fund now owns 20,280 shares of the company, valued at $1,266,000, after purchasing an additional 20,100 shares last quarter. Finally, MetLife Investment Management LLC increased its stake in World Wrestling Entertainment stock by 38.2% during the first quarter. MetLife Investment Management LLC now owns 29,949 shares of the company’s stock valued at $1,870,000 after purchasing an additional 8,279 shares last quarter. Institutional investors and hedge funds own 69.60% of the company’s shares.
World Wrestling Entertainment value for money
Shares of WWE stock opened at $101.53 on Friday. The company has a current ratio of 1.61, a short-term ratio of 1.60 and a leverage ratio of 0.66. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 52.07 and a beta of 1.19. The company’s 50-day moving average is $100.33 and the 200-day moving average is $87.64. World Wrestling Entertainment, Inc. has a 1 year low of $58.72 and a 1 year high of $110.24.
World Wrestling Entertainment dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Thursday, June 15 will be paid a dividend of $0.12 per share. That equates to an annual dividend of $0.48 and a yield of 0.47%. The ex-dividend date is Wednesday June 14th. World Wrestling Entertainment’s payout ratio is 24.62%.
Wall Street analysts forecast growth
A number of research firms have recently published reports on WWE. Guggenheim raised its price target on shares of World Wrestling Entertainment from $105.00 to $114.00 in a research report on Wednesday, April 12. Wells Fargo & Company increased its price target for World Wrestling Entertainment to $109.00 from $100.00 in a research note on Wednesday, May 3. VNET Group reiterated a “retain” rating for shares of World Wrestling Entertainment in a report Thursday, May 4th. Morgan Stanley increased its price target for World Wrestling Entertainment to $125.00 from $120.00 in a research note on Thursday, May 4. Finally, on Thursday, May 4th, 1-800-FLOWERS.COM reiterated a “retains” rating on shares of World Wrestling Entertainment in a research note. Six research analysts have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $105.56.
About World Wrestling Entertainment (received rating)
World Wrestling Entertainment, Inc. is an integrated media and entertainment company engaged in the production and distribution of content through multiple channels. The Company operates through the following business segments: Media, Live Events and Consumer Goods. The Media segment reflects the production and monetization of long- and short-form video content across platforms including WWE Network, broadcast and pay television, digital and social media, and film entertainment.
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