World Wrestling Entertainment Co., Ltd. (NYSE: WWE – Get Rating) announced its quarterly dividend on Thursday, October 27, reports Zacks. The investor of record on Thursday, December 15th will be awarded a dividend of 0.12 per share on Tuesday, December 27th. This represents his $0.48 dividend and his 0.61% yield on an annual basis. The ex-dividend date for this dividend is December 14 (Wednesday).
World Wrestling Entertainment’s dividend payout ratio is 17.0%, which is well covered by earnings. Research analysts expect World Wrestling Entertainment to earn $2.78 per share next year. This means the company continues to cover an annual dividend of $0.48, with a future payout ratio he expects to be 17.3%.
World Wrestling Entertainment stock performance
World Wrestling Entertainment shares opened Friday at $78.72. The company has a debt to equity ratio of 0.88, a current ratio of 1.60 and a quick ratio of 1.58. The company has a 50-day moving average price of $71.28 and a 200-day moving average price of $66.63. The company has a market capitalization of $5.86 billion, a price/earnings ratio of 29.93, and a beta of 1.11. World Wrestling Entertainment has a 12-month low of $46.91 and a 12-month high of $79.83.
World Wrestling Entertainment (NYSE: WWE – Get Rating) last announced earnings results on Tuesday, August 16. The company reported his earnings per share (EPS) of $0.59 for the quarter, $0.03 above analyst consensus expectations of $0.56. Quarterly earnings for this business he had $328.2 million, while analyst estimates put him at $322.38 million. World Wrestling Entertainment had a return on equity of 55.00% and a net profit margin of 18.12%. The company’s revenue for the quarter increased 23.6% compared to the same quarter last year. Earnings per share in the year-ago quarter were $0.42. On average, research analysts expect World Wrestling Entertainment to post 2.49 EPS for the current financial year.
institution inflow and outflow
Recently, a number of big investors have changed their stakes in WWE. Rice Hall James & Associates LLC increased his position in World Wrestling Entertainment by 6.4% in the first quarter. Rice Hall James & Associates LLC now owns 767,630 of his shares worth $47,931,000 after purchasing an additional 46,351 of his shares in the previous quarter. US Bancorp DE increased its stake in World Wrestling Entertainment by 55.9% in the first quarter. US Bancorp DE now owns 957 shares of the company, valued at $59,000, after acquiring an additional 343 shares in the previous quarter. Cambridge Investment Research Advisors Inc. acquired a new position worth approximately $235,000 in shares of World Wrestling Entertainment in the first quarter. The Healthcare of Ontario Pension Plan Trust Fund increased its stake in World Wrestling Entertainment shares by 11,166.7% in the first quarter. The Healthcare of Ontario Pension Plan Trust Fund now owns 20,280 shares of the company worth $1,266,000 after acquiring an additional 20,100 shares during this period. Finally, MetLife Investment Management LLC increased its stake in World Wrestling Entertainment by 38.2% in the first quarter. MetLife Investment Management LLC now owns 29,949 shares worth $1,870,000 after purchasing an additional 8,279 shares in the previous quarter. 69.94% of the shares are owned by institutional investors and hedge funds.
Wall Street Analyst Predicts Growth
Many research firms have commented on WWE. Citigroup raised its stock price target for World Wrestling Entertainment to $83.00 in a report on Monday, August 22nd. MKM Partners has raised its price target on World Wrestling Entertainment from $84.00 to $90.00, giving the company a ‘Buy’ rating in its research report on Wednesday, October 19th. In a report on Wednesday, August 3, Loop Capital upgraded World Wrestling Entertainment’s stock from a ‘hold’ rating to a ‘buy’ rating and lowered its price target from $159.00 to $90.00. Barclays has raised its target price for World Wrestling Entertainment from $61.00 to $69.00, giving the company an ‘equal-weighted’ rating in its Wednesday, August 17 report. Finally, North Coast Research downgraded World Wrestling Entertainment from a ‘by’ rating to a ‘neutral’ rating in its report on Thursday, August 18. They noted that the move was an evaluation call. One investment analyst evaluated the stock with a sell rating, five issued a hold rating, and six assigned a buy rating to the company. According to MarketBeat.com, World Wrestling Entertainment has a consensus rating of “Hold” and a consensus price target of $78.40.
World Wrestling Entertainment Company Profile
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World Wrestling Entertainment, Inc is an integrated media and entertainment company with sports entertainment operations in North America, Europe, the Middle East, Africa, Asia Pacific and Latin America. He operates in three segments: media, live events and consumer products. The Media segment is engaged in the production and monetization of long-form and short-form video content across a variety of platforms, including WWE Network, broadcast and pay-TV, digital and social media, and filmed entertainment.
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