Metropolitan Life Insurance Co. NY lowered its position in World Wrestling Entertainment, Inc. (NYSE:WWE) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,455 shares of the company’s stock after selling 1,367 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in World Wrestling Entertainment were worth $566,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its position in shares of World Wrestling Entertainment by 4.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,790 shares of the company’s stock worth $195,000 after buying an additional 380 shares during the period. Mason Street Advisors LLC increased its position in shares of World Wrestling Entertainment by 7.1% in the first quarter. Mason Street Advisors LLC now owns 9,003 shares of the company’s stock worth $200,000 after buying an additional 600 shares during the period. Karp Capital Management Corp acquired a new position in shares of World Wrestling Entertainment during the first quarter worth $228,000. UBS Asset Management Americas Inc. acquired a new position in shares of World Wrestling Entertainment during the first quarter worth $229,000. Finally, Louisiana State Employees Retirement System increased its position in shares of World Wrestling Entertainment by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the company’s stock worth $349,000 after buying an additional 200 shares during the period. 49.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) traded up 2.06% during midday trading on Thursday, hitting $21.27. The stock had a trading volume of 232,715 shares. The stock’s 50-day moving average price is $20.89 and its 200 day moving average price is $20.84. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 64.85 and a beta of 0.82. World Wrestling Entertainment, Inc. has a 52 week low of $16.77 and a 52 week high of $23.14.

World Wrestling Entertainment (NYSE:WWE) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. World Wrestling Entertainment had a net margin of 3.29% and a return on equity of 13.07%. The company had revenue of $214.60 million during the quarter, compared to analyst estimates of $209.28 million. During the same quarter last year, the business posted $0.01 EPS. World Wrestling Entertainment’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that World Wrestling Entertainment, Inc. will post $0.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 2.30%. World Wrestling Entertainment’s payout ratio is currently 154.84%.

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A number of equities analysts have weighed in on the company. Morgan Stanley assumed coverage on World Wrestling Entertainment in a research report on Friday, June 30th. They set an “equal weight” rating and a $23.00 price target on the stock. ValuEngine downgraded World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. TheStreet raised World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research report on Thursday, May 4th. Zacks Investment Research raised World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, July 31st. Finally, BidaskClub downgraded World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. World Wrestling Entertainment has a consensus rating of “Hold” and an average price target of $24.38.

In related news, EVP Casey Collins sold 13,383 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $21.23, for a total value of $284,121.09. Following the completion of the transaction, the executive vice president now directly owns 43,926 shares of the company’s stock, valued at approximately $932,548.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Michelle D. Wilson sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $21.25, for a total transaction of $1,168,750.00. Following the completion of the transaction, the executive now directly owns 436,174 shares of the company’s stock, valued at $9,268,697.50. The disclosure for this sale can be found here. Company insiders own 49.80% of the company’s stock.

About World Wrestling Entertainment

World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. 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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Institutional Ownership by Quarter for World Wrestling Entertainment (NYSE:WWE)

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