Triasima Portfolio Management inc. purchased a new position in World Wrestling Entertainment, Inc. (New York Stock Exchange: WWE – free report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,815 shares of the company, valued at approximately $257,000.
Several other large investors have also increased or reduced their holdings in WWE. Dark Forest Capital Management LP purchased a new position in World Wrestling Entertainment in the fourth quarter worth approximately $36,000. Allworth Financial LP increased its stake in World Wrestling Entertainment by 30.8% in the first quarter. Allworth Financial LP now owns 526 shares of the company worth $48,000 after purchasing an additional 124 shares during the period. Spire Wealth Management purchased a new position in World Wrestling Entertainment in the fourth quarter worth approximately $53,000. 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 worth $59,000 after purchasing an additional 343 shares during the period. Finally, Eagle Bay Advisors LLC increased its stake in World Wrestling Entertainment by 16.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,019 shares of the company worth $70,000 after purchasing an additional 143 shares during the period. Institutional investors own 69.13% of the company’s shares.
World Wrestling Entertainment Stock Performance
Actions of NYSE WWE it opened at $107.05 on Tuesday. The stock has a market capitalization of $7.98 billion, a price-earnings ratio of 54.90, and a beta of 1.16. The firm has a current ratio of 1.61, a quick ratio of 1.60, and a debt-to-equity ratio of 0.66. World Wrestling Entertainment, Inc. has a 1-year minimum of $63.10 and a 1-year maximum of $112.21. The stock’s 50-day moving average is $103.94 and its 200-day moving average is $95.24.
World Wrestling Entertainment (New York Stock Exchange: WWE – Get a free report) last announced its quarterly earnings results on Wednesday, May 3. The company reported $0.50 EPS for the quarter, beating analyst consensus estimates of $0.42 by $0.08. The business had revenue of $297.60 million in the quarter, compared with analyst expectations of $285.46 million. World Wrestling Entertainment had a return on equity of 38.41% and a net margin of 13.24%. On average, sell-side analysts anticipate World Wrestling Entertainment, Inc. to post 2.74 EPS for the current fiscal year.
World Wrestling Entertainment Announces Dividends
The company also recently declared a quarterly dividend, which was paid on Monday, June 26. Shareholders of record on Thursday June 15 were paid a dividend of $0.12. The ex-dividend date for this dividend was Wednesday, June 14. This represents a dividend of $0.48 on an annualized basis and a yield of 0.45%. World Wrestling Entertainment’s Dividend Payout Ratio (DPR) is currently 24.62%.
Wall Street analysts forecast growth
Several research analysts have commented on the company. Benchmark downgraded World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4. Wells Fargo & Company raised its price target on World Wrestling Entertainment from $100.00 to $109.00 in a report on Wednesday, May 3. Guggenheim raised his price target on World Wrestling Entertainment from $105.00 to $114.00 in a report on Wednesday, April 12. VNET Group reaffirmed a “hold” rating on World Wrestling Entertainment shares in a report on Thursday, May 4. Finally, stocknews.com began coverage at World Wrestling Entertainment in a report on Tuesday. They issued a “hold” rating on the stock. Six equity research analysts have given the stock a hold rating and four have given the stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average “Hold” rating and an average price target of $105.56.
About world wrestling entertainment
World Wrestling Entertainment, Inc, an integrated media and entertainment company, is involved in the sports entertainment business in North America, Europe, the Middle East, Africa, Asia Pacific, and Latin America. It operates through three segments: media, live events, and consumer products. The Media segment is engaged in the production and monetization of long and short form video content across various platforms, including WWE Network, broadcast and pay television, and digital and social media, as well as filmed entertainment.
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