Swiss National Bank strengthens position in World Wrestling Entertainment, Inc. (NYSE:WWE)

The Swiss National Bank increased its holding in shares of World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) by 2.0% in the fourth quarter, the company said in its recent Form 13F filing with the Securities & Exchange Commission . The fund owned 104,500 shares of the company after purchasing an additional 2,000 shares during the quarter. The Swiss National Bank owned approximately 0.14% of World Wrestling Entertainment worth $7,160,000 at the end of the most recent quarter.

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Several other institutional investors have recently added to or reduced their stakes in the company. The Arizona State Retirement System increased its stake in World Wrestling Entertainment by 4.0% during the fourth quarter. The Arizona State Retirement System now owns 12,217 shares of the company’s stock valued at $837,000 after purchasing an additional 465 shares last quarter. Duality Advisers LP acquired a new interest in World Wrestling Entertainment valued at approximately $311,000 during the fourth quarter. Envestnet Asset Management Inc. increased its stake in World Wrestling Entertainment by 5.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 49,974 shares of the company’s stock valued at $3,424,000 after purchasing an additional 2,411 shares last quarter. Ninety One UK Ltd increased its stake in World Wrestling Entertainment by 1.0% in the fourth quarter. Ninety One UK Ltd now owns 2,578,778 shares in the company, valued at $176,698,000, having bought a further 25,941 shares last quarter. Finally, Retirement Systems of Alabama increased its stake in World Wrestling Entertainment by 0.8% during the fourth quarter. Retirement Systems of Alabama now owns 57,070 shares of the company’s stock valued at $3,910,000 after purchasing an additional 454 shares last quarter. Hedge funds and other institutional investors own 69.60% of the company’s shares.

World Wrestling Entertainment value for money

WWE stock fell $0.73 on Friday to hit $83.62. 184,732 shares of the Company were exchanged compared to an average volume of 1,111,090. The stock has a 50-day moving average of $86.25 and a 200-day moving average of $77.82. World Wrestling Entertainment, Inc. has a 12 month low of $55.09 and a 12 month high of $93.63. The company has a market cap of $6.23 billion, a P/E of 36.83 and a beta of 1.18. The company has a quick ratio of 1.44, a current ratio of 1.45 and a debt-to-equity ratio of 0.75.

World Wrestling Entertainment (NYSE:WWE – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The company reported earnings per share of $0.52 for the quarter, falling short of analyst consensus estimates of $0.60 ($0.08). World Wrestling Entertainment had a return on equity of 47.41% and a net margin of 15.15%. The company had revenue of $325.30 million for the quarter, compared to analyst estimates of $333.25 million. In the same period last year, the company earned $0.70 per share. The company’s revenue rose 4.8% year over year. As a group, equity analysts are forecasting that World Wrestling Entertainment, Inc. will post 2.79 EPS for the current fiscal year.

World Wrestling Entertainment announces dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 27th. Investors of record on Wednesday, March 15 will receive a dividend of $0.12 per share. That equates to an annual dividend of $0.48 and a yield of 0.57%. The ex-dividend date of this dividend is Tuesday March 14th. World Wrestling Entertainment’s payout percentage is currently 20.96%.

Analyst upgrades and downgrades

A number of equity analysts have covered the company. Wells Fargo & Company upgraded World Wrestling Entertainment from an “underweight” rating to an “even” rating in a research note on Tuesday, January 17, and raised its price target on the company to $100.00 from $52.00 . Benchmark raised its target price on World Wrestling Entertainment to $95.00 from $86.00 and gave the company a buy rating in a research note on Friday, February 3. Roth Capital reiterated a “buy” rating on shares of World Wrestling Entertainment in a research note on Friday, February 3rd. Morgan Stanley raised its target price on World Wrestling Entertainment to $105.00 from $80.00 and rated the company at breakeven in a report Tuesday, January 17. Finally, on Thursday, StockNews.com began reporting on World Wrestling Entertainment. They issued a sell rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $91.70.

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. It operates through the following business segments: Media, Live Events and Consumer Goods. The Media segment reflects the production and monetization of long and short video content across platforms including WWE Network, broadcast and pay television, digital and social media, and filmed entertainment.

Selected Stories

Want to see what other hedge funds are holding WWE? Visit HoldingsChannel.com for the latest 13F filings and insider trading for World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating).

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