The Swiss National Bank strengthens its position in World Wrestling Entertainment, Inc. (NYSE:WWE)
The Swiss National Bank increased its holdings of World Wrestling Entertainment, Inc. (NYSE: WWE – Get Rating) stock by 2.0% in the 4th quarter, according to the company in its latest Form 13F filing with the Securities & Exchange Commission. . The fund held 104,500 shares of the company after buying 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 last quarter.
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Several other institutional investors have also recently increased or reduced their stake in the company. Arizona State Retirement System increased its stake in World Wrestling Entertainment by 4.0% in the fourth quarter. Arizona State Retirement System now owns 12,217 shares of the company valued at $837,000 after buying 465 additional shares in the last quarter. Duality Advisers LP bought a new stake in World Wrestling Entertainment in the fourth quarter worth approximately $311,000. Envestnet Asset Management Inc. increased its stake in World Wrestling Entertainment by 5.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 49,974 shares of the company valued at $3,424,000 after purchasing an additional 2,411 shares in the 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 after buying an additional 25,941 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in World Wrestling Entertainment by 0.8% in the fourth quarter. Retirement Systems of Alabama now owns 57,070 shares of the company valued at $3,910,000 after purchasing an additional 454 shares in the last quarter. Hedge funds and other institutional investors hold 69.60% of the company’s shares.
World Wrestling Entertainment Awards Performance
WWE shares traded at $0.73 on Friday, hitting $83.62. 184,732 shares of the company were traded, with an average volume of 1,111,090. The stock has a fifty-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 capitalization of $6.23 billion, a PE ratio 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 ratio of 0.75.
World Wrestling Entertainment (NYSE:WWE – Get Rating) last announced quarterly earnings data on Thursday, February 2. The company reported earnings per share of $0.52 for the quarter, missing analyst consensus estimates of $0.60 per ($0.08). World Wrestling Entertainment achieved a return on equity of 47.41% and a net margin of 15.15%. The company posted revenue of $325.30 million for the quarter, versus analyst estimates of $333.25 million. During the same period of the previous year, the company achieved EPS of $0.70. The company’s revenue increased 4.8% year over year. As a group, stock analysts predict World Wrestling Entertainment, Inc. will post EPS of 2.79 for the current fiscal year.
World Wrestling Entertainment announces dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 27. Investors of record on Wednesday, March 15 will receive a dividend of $0.12 per share. This represents a dividend of $0.48 on an annualized basis and a yield of 0.57%. The ex-dividend date is Tuesday, March 14. World Wrestling Entertainment’s dividend payout ratio is currently 20.96%.
Analyst upgrades and downgrades
A number of equity research analysts have weighed in on the company. Wells Fargo & Company moved World Wrestling Entertainment from an “underweight” rating to an “equal weight” rating and increased its price target for the company from $52.00 to $100.00 in a rating of research from Tuesday, January 17. Benchmark raised its price target on World Wrestling Entertainment from $86.00 to $95.00 and gave the company a “buy” rating in a Friday, February 3 research note. Roth Capital reiterated a “buy” rating on World Wrestling Entertainment shares in a Friday, Feb. 3 research note. Morgan Stanley raised its target price on World Wrestling Entertainment from $80.00 to $105.00 and gave the company an “equal weight” rating in a Tuesday, January 17 report. Finally, StockNews.com dropped coverage on World Wrestling Entertainment in a report on Thursday. They issued a “sell” rating on the stock. One analyst rated the stock with a sell rating, five gave the company a hold rating and five gave the company’s stock a buy rating. 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 (Get a Rating)
World Wrestling Entertainment, Inc is an integrated media and entertainment company, which is engaged in the production and distribution of content through various channels. It operates through the following business segments: Media, Live Events and Consumer Products. The Media segment reflects the production and monetization of long-form and short-form video content across various platforms, including WWE Network, television and pay television, digital and social media, as well as filmed entertainment.
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