World Wrestling Entertainment Inc. (NYSE:WWE) dropped 1.5% on Friday . The company traded as low as $19.65 and last traded at $19.80, with a volume of 283,842 shares trading hands. The stock had previously closed at $20.10.

WWE has been the subject of a number of analyst reports. Pacific Crest reiterated a “buy” rating and issued a $21.00 price target on shares of World Wrestling Entertainment in a research report on Sunday, May 15th. TheStreet upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating in a research report on Wednesday, May 11th. BTIG Research restated a “buy” rating and set a $25.00 price objective on shares of World Wrestling Entertainment in a research report on Thursday, May 5th. Wells Fargo & Co. restated a “buy” rating on shares of World Wrestling Entertainment in a research report on Wednesday, April 6th. Finally, Benchmark Co. restated a “buy” rating on shares of World Wrestling Entertainment in a research report on Thursday, April 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $21.63.

The firm has a 50 day moving average price of $18.76 and a 200-day moving average price of $17.42. The company has a market cap of $1.51 billion and a PE ratio of 53.53.

World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Tuesday, May 10th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. The company had revenue of $171.10 million for the quarter, compared to the consensus estimate of $170.63 million. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. Equities analysts expect that World Wrestling Entertainment Inc. will post $0.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Thursday, September 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, September 13th.

In related news, insider Kevin Dunn sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $18.02, for a total value of $720,800.00. Following the completion of the transaction, the insider now directly owns 490,131 shares of the company’s stock, valued at approximately $8,832,160.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder K. Mcmahon 2013 Irrev. Vincent sold 2,191,894 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $16.50, for a total transaction of $36,166,251.00. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in World Wrestling Entertainment stock. I.G. Investment Management LTD. boosted its stake in World Wrestling Entertainment Inc. (NYSE:WWE) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 63,215 shares of the company’s stock after buying an additional 165 shares during the period. I.G. Investment Management LTD. owned approximately 0.08% of World Wrestling Entertainment worth $1,128,000 as of its most recent filing with the SEC.

World Wrestling Entertainment, Inc (WWE) is a media and entertainment company. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.

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