Parametric Portfolio Associates LLC boosted its holdings in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) by 20.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,240 shares of the company’s stock after purchasing an additional 14,004 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.11% of World Wrestling Entertainment worth $1,696,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Pinebridge Investments L.P. lifted its stake in World Wrestling Entertainment by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock valued at $104,000 after purchasing an additional 51 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in World Wrestling Entertainment by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 7,601 shares of the company’s stock valued at $154,000 after purchasing an additional 3,351 shares during the last quarter. NGAM Advisors L.P. acquired a new stake in World Wrestling Entertainment during the second quarter valued at approximately $207,000. UBS Asset Management Americas Inc. acquired a new stake in World Wrestling Entertainment during the first quarter valued at approximately $229,000. Finally, Aperio Group LLC lifted its stake in World Wrestling Entertainment by 2.1% during the second quarter. Aperio Group LLC now owns 10,469 shares of the company’s stock valued at $213,000 after purchasing an additional 220 shares during the last quarter. 49.59% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on the stock. Benchmark Co. increased their target price on shares of World Wrestling Entertainment from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research note on Monday, October 30th. FBN Securities lowered shares of World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 30th. KeyCorp reissued a “hold” rating on shares of World Wrestling Entertainment in a research note on Tuesday, October 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research note on Tuesday, September 26th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. World Wrestling Entertainment presently has an average rating of “Buy” and an average price target of $25.25.

In other World Wrestling Entertainment news, insider Kevin Dunn sold 72,286 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $20.81, for a total value of $1,504,271.66. Following the completion of the sale, the insider now owns 379,559 shares in the company, valued at approximately $7,898,622.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Basil V. Jr. Devito sold 25,537 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $21.59, for a total transaction of $551,343.83. Following the completion of the sale, the insider now owns 65,616 shares of the company’s stock, valued at approximately $1,416,649.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,899 shares of company stock valued at $2,153,189. 49.80% of the stock is owned by insiders.

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Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) opened at $27.30 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.68 and a quick ratio of 2.62. The company has a market cap of $2,105.02, a P/E ratio of 51.51, a P/E/G ratio of 2.63 and a beta of 0.86. World Wrestling Entertainment, Inc. has a 12-month low of $17.59 and a 12-month high of $27.62.

World Wrestling Entertainment (NYSE:WWE) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.08. The business had revenue of $186.40 million during the quarter, compared to the consensus estimate of $176.19 million. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. research analysts forecast that World Wrestling Entertainment, Inc. will post 0.52 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 15th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.76%. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 106.67%.

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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