38,473 Shares in World Wrestling Entertainment, Inc. (NYSE:WWE) Acquired by Duality Advisers LP

Duality Advisers LP acquired a new position in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,473 shares of the company’s stock, valued at approximately $1,672,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its stake in shares of World Wrestling Entertainment by 50.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 13,069 shares of the company’s stock valued at $443,000 after purchasing an additional 4,367 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of World Wrestling Entertainment by 24.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,465 shares of the company’s stock worth $50,000 after purchasing an additional 288 shares in the last quarter. Advisor Group Holdings Inc. bought a new position in World Wrestling Entertainment during the 1st quarter valued at about $159,000. Parametric Portfolio Associates LLC lifted its holdings in World Wrestling Entertainment by 81.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 210,133 shares of the company’s stock valued at $7,130,000 after purchasing an additional 94,301 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new position in World Wrestling Entertainment in the first quarter valued at about $20,388,000. Hedge funds and other institutional investors own 72.70% of the company’s stock.

In other news, EVP Paul Levesque sold 23,255 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $43.80, for a total value of $1,018,569.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 40.20% of the company’s stock.

A number of research firms have recently issued reports on WWE. Morgan Stanley lifted their target price on shares of World Wrestling Entertainment from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Friday. Wells Fargo & Co reiterated a “sell” rating on shares of World Wrestling Entertainment in a research report on Thursday. Loop Capital boosted their price objective on World Wrestling Entertainment from $30.00 to $37.00 in a research note on Friday, July 10th. JPMorgan Chase & Co. raised their target price on World Wrestling Entertainment from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Finally, Zacks Investment Research cut World Wrestling Entertainment from a “strong-buy” rating to a “hold” rating and set a $50.00 price target for the company. in a report on Saturday, June 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $57.13.

Shares of World Wrestling Entertainment stock opened at $46.61 on Friday. The stock’s fifty day simple moving average is $45.00 and its 200 day simple moving average is $45.10. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $3.61 billion, a PE ratio of 27.42 and a beta of 1.49. World Wrestling Entertainment, Inc. has a 12 month low of $29.10 and a 12 month high of $76.44.

World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.37. World Wrestling Entertainment had a return on equity of 50.91% and a net margin of 14.18%. The company had revenue of $223.40 million for the quarter, compared to analyst estimates of $228.89 million. Analysts predict that World Wrestling Entertainment, Inc. will post 1.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. World Wrestling Entertainment’s payout ratio is 56.47%.

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. It operates in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.

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

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