A number of other analysts also recently issued reports on the stock. KeyCorp set a $43.00 target price on shares of WWE and gave the stock a buy rating in a research report on Friday, April 6th. Needham & Company LLC reissued a buy rating and set a $45.00 target price (up previously from $38.00) on shares of WWE in a research report on Wednesday, March 7th. ValuEngine raised shares of WWE from a hold rating to a buy rating in a research report on Thursday, March 1st. MKM Partners reaffirmed a buy rating and issued a $44.00 price objective (up previously from $41.00) on shares of WWE in a research report on Tuesday, February 13th. Finally, Zacks Investment Research downgraded shares of WWE from a buy rating to a hold rating in a research report on Saturday, February 10th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $39.00.
WWE opened at $38.52 on Tuesday. The company has a market cap of $2,971.01, a P/E ratio of 60.17 and a beta of 0.88. WWE has a 1 year low of $19.12 and a 1 year high of $39.09. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.83 and a quick ratio of 2.77.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Thursday, March 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 14th. WWE’s dividend payout ratio (DPR) is 73.85%.
In other news, SVP Mark Kowal sold 2,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $36.70, for a total transaction of $73,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Blake Timothy Bilstad sold 1,419 shares of the stock in a transaction that occurred on Sunday, February 11th. The shares were sold at an average price of $35.53, for a total value of $50,417.07. Following the transaction, the senior vice president now owns 24,121 shares of the company’s stock, valued at $857,019.13. The disclosure for this sale can be found here. 45.10% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Elkfork Partners LLC purchased a new position in shares of WWE during the 4th quarter valued at approximately $147,000. LS Investment Advisors LLC boosted its stake in shares of WWE by 31.6% during the 4th quarter. LS Investment Advisors LLC now owns 6,296 shares of the company’s stock valued at $193,000 after buying an additional 1,512 shares during the last quarter. Wolverine Trading LLC boosted its stake in shares of WWE by 153.9% during the 4th quarter. Wolverine Trading LLC now owns 7,386 shares of the company’s stock valued at $226,000 after buying an additional 21,086 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of WWE during the 3rd quarter valued at approximately $176,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of WWE during the 3rd quarter valued at approximately $201,000. Institutional investors own 55.24% of the company’s stock.
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WWE 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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