Guggenheim assumed coverage on shares of World Wrestling Entertainment, Inc. (NYSE:WWE) in a research note published on Thursday morning. The firm issued a buy rating on the stock.

Several other equities analysts have also recently commented on WWE. Zacks Investment Research raised shares of World Wrestling Entertainment from a sell rating to a hold rating in a research report on Wednesday. MKM Partners assumed coverage on shares of World Wrestling Entertainment in a research report on Tuesday. They set a buy rating and a $23.00 target price on the stock. Needham & Company LLC reissued a buy rating on shares of World Wrestling Entertainment in a research report on Tuesday, December 6th. Wells Fargo & Company cut shares of World Wrestling Entertainment from an outperform rating to a market perform rating in a research report on Friday, October 28th. Finally, Deutsche Bank AG reissued a sell rating on shares of World Wrestling Entertainment in a research report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $21.69.

Analyst Recommendations for World Wrestling Entertainment (NYSE:WWE)

World Wrestling Entertainment (NYSE:WWE) traded up 1.78% during mid-day trading on Thursday, reaching $19.48. The company’s stock had a trading volume of 862,327 shares. The firm has a 50 day moving average price of $18.85 and a 200 day moving average price of $19.49. World Wrestling Entertainment has a 52-week low of $14.20 and a 52-week high of $21.55. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 60.69 and a beta of 0.69.

World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $164.20 million for the quarter, compared to analyst estimates of $107.40 million. World Wrestling Entertainment had a net margin of 3.51% and a return on equity of 13.62%. World Wrestling Entertainment’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. Equities research analysts anticipate that World Wrestling Entertainment will post $0.45 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Thursday, December 15th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, December 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.46%. World Wrestling Entertainment’s payout ratio is 154.84%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Artemis Investment Management LLP purchased a new position in World Wrestling Entertainment during the second quarter worth approximately $10,621,000. Majedie Asset Management Ltd raised its position in World Wrestling Entertainment by 51.3% in the second quarter. Majedie Asset Management Ltd now owns 1,500,925 shares of the company’s stock worth $27,632,000 after buying an additional 508,611 shares during the period. Lindsell Train Ltd raised its position in World Wrestling Entertainment by 7.2% in the second quarter. Lindsell Train Ltd now owns 6,117,681 shares of the company’s stock worth $112,627,000 after buying an additional 410,000 shares during the period. BlackRock Fund Advisors raised its position in World Wrestling Entertainment by 13.3% in the third quarter. BlackRock Fund Advisors now owns 2,495,495 shares of the company’s stock worth $53,154,000 after buying an additional 293,354 shares during the period. Finally, Great Lakes Advisors LLC purchased a new position in World Wrestling Entertainment during the third quarter worth approximately $3,028,000. Hedge funds and other institutional investors own 47.64% of the company’s stock.

About World Wrestling Entertainment

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.

5 Day Chart for NYSE:WWE

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