World Wrestling Entertainment, Inc. (WWE) Insider George A. Barrios Sells 37,708 Shares

World Wrestling Entertainment, Inc. (NYSE:WWE) insider George A. Barrios sold 37,708 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $80.00, for a total transaction of $3,016,640.00. Following the completion of the transaction, the insider now directly owns 569,440 shares in the company, valued at $45,555,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of World Wrestling Entertainment stock opened at $78.53 on Wednesday. The company has a market cap of $6.19 billion, a P/E ratio of 120.83 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.31 and a current ratio of 1.34. World Wrestling Entertainment, Inc. has a 1 year low of $20.62 and a 1 year high of $85.93.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings results on Thursday, July 26th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $281.60 million for the quarter, compared to the consensus estimate of $240.30 million. World Wrestling Entertainment had a net margin of 5.93% and a return on equity of 24.64%. The company’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. equities research analysts forecast that World Wrestling Entertainment, Inc. will post 0.83 EPS for the current year.



The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Friday, September 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Thursday, September 13th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 73.85%.

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of World Wrestling Entertainment to $46.00 and gave the company a “neutral” rating in a report on Friday, May 18th. Needham & Company LLC raised their target price on shares of World Wrestling Entertainment from $45.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, May 22nd. KeyCorp reissued an “overweight” rating and issued a $85.00 target price (up from $71.00) on shares of World Wrestling Entertainment in a report on Wednesday, June 27th. Zacks Investment Research lowered shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a report on Monday, May 7th. Finally, Morgan Stanley raised their target price on shares of World Wrestling Entertainment from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. World Wrestling Entertainment presently has a consensus rating of “Buy” and an average price target of $84.82.

Several institutional investors have recently made changes to their positions in WWE. Renaissance Technologies LLC grew its holdings in shares of World Wrestling Entertainment by 48.5% during the 2nd quarter. Renaissance Technologies LLC now owns 3,318,100 shares of the company’s stock valued at $241,624,000 after purchasing an additional 1,083,700 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of World Wrestling Entertainment by 72.0% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,855,865 shares of the company’s stock valued at $135,144,000 after purchasing an additional 776,979 shares during the last quarter. BlackRock Inc. grew its holdings in shares of World Wrestling Entertainment by 3.1% during the 2nd quarter. BlackRock Inc. now owns 5,788,064 shares of the company’s stock valued at $421,486,000 after purchasing an additional 172,587 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of World Wrestling Entertainment during the 2nd quarter valued at approximately $9,513,000. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of World Wrestling Entertainment during the 2nd quarter valued at approximately $7,751,000. 58.44% of the stock is currently owned by institutional investors.

About World Wrestling Entertainment

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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Insider Buying and Selling by Quarter for World Wrestling Entertainment (NYSE:WWE)

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