World Wrestling Entertainment, Inc. (NYSE:WWE) SVP Mark Kowal sold 4,750 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $21.44, for a total value of $101,840.00. Following the completion of the transaction, the senior vice president now directly owns 17,011 shares in the company, valued at $364,715.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

World Wrestling Entertainment, Inc. (NYSE:WWE) traded down 1.08% during midday trading on Friday, hitting $21.06. The company had a trading volume of 505,647 shares. World Wrestling Entertainment, Inc. has a one year low of $16.77 and a one year high of $23.14. The company has a market cap of $1.62 billion, a P/E ratio of 64.21 and a beta of 0.82. The company’s 50 day moving average is $20.91 and its 200-day moving average is $20.84.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, September 14th. World Wrestling Entertainment’s payout ratio is currently 154.84%.

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Several hedge funds and other institutional investors have recently modified their holdings of WWE. Parametric Portfolio Associates LLC increased its position in shares of World Wrestling Entertainment by 20.2% in the second quarter. Parametric Portfolio Associates LLC now owns 83,240 shares of the company’s stock worth $1,696,000 after buying an additional 14,004 shares during the last quarter. Northern Trust Corp increased its position in shares of World Wrestling Entertainment by 6.3% in the second quarter. Northern Trust Corp now owns 516,923 shares of the company’s stock worth $10,529,000 after buying an additional 30,596 shares during the last quarter. Pinebridge Investments L.P. increased its position in shares of World Wrestling Entertainment by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock worth $104,000 after buying an additional 51 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of World Wrestling Entertainment by 25.8% in the second quarter. New York State Common Retirement Fund now owns 40,900 shares of the company’s stock worth $833,000 after buying an additional 8,399 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its position in shares of World Wrestling Entertainment by 7.1% in the second quarter. Thrivent Financial For Lutherans now owns 23,290 shares of the company’s stock worth $474,000 after buying an additional 1,550 shares during the last quarter. 49.79% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the company. Morgan Stanley assumed coverage on World Wrestling Entertainment in a research report on Friday, June 30th. They issued an “equal weight” rating and a $23.00 target price on the stock. ValuEngine lowered 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 target price on the stock in a research report on Monday, July 31st. Finally, BidaskClub lowered World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. World Wrestling Entertainment currently has a consensus rating of “Hold” and a consensus price target of $24.38.

World Wrestling Entertainment Company Profile

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.

Insider Buying and Selling by Quarter for World Wrestling Entertainment (NYSE:WWE)

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