World Wrestling Entertainment, Inc. (NYSE: WWE – Get Rating) stock has been assigned an average recommendation of ‘pending’ from the 13 rating agencies that cover the company, reports Marketbeat.com . One Equity Research analyst gave the stock a sell rating, four gave a hold rating, and four assigned a buy rating to the company. The average yearly price target for brokers who updated their stock coverage last year is $80.70.
Several analysts recently published reports on WWE stock. StockNews.com began covering World Wrestling Entertainment in a research note on Wednesday, October 12th. They set a “pending” rating on the company. MKM Partners has raised its price target on World Wrestling Entertainment from $84.00 to $90.00 and gave it a ‘buy’ rating in its research notes on Wednesday, October 19th. Loop Capital raised its price target for World Wrestling Entertainment from $90.00 to $105.00, he said in a research note on Friday. Morgan Stanley raised its stock price target for World Wrestling Entertainment from $75.00 to $80.00, giving the stock an “equal-weighted” rating, in a research report on Tuesday, November 29. Finally, Citigroup has raised its price target for World Wrestling Entertainment to $86.00, in his Tuesday, November 15 research report.
World Wrestling Entertainment stock performance
NYSE WWE shares opened Friday at $84.27. His 50-day moving average price for this business is $75.18 and his 200-day moving average price is $71.22. The company has a debt to equity ratio of 0.82, a current ratio of 1.46 and a quick ratio of 1.46. His yearly low of $47.71 and his yearly high of $89.43 at World Wrestling Entertainment. The company has a market capitalization of $6.27 billion, a P/E ratio of 32.41 and a beta of 1.13.
World Wrestling Entertainment (NYSE: WWE – Get Rating) announced its final quarterly results on Wednesday, November 2nd. The company reported his earnings per share (EPS) of $0.65 for the quarter, $0.15 above consensus expectations of his $0.50. The company posted revenue of $304.6 million for the quarter, compared to consensus expectations of $285.73 million. World Wrestling Entertainment had a return on equity of 54.64% and a net profit margin of 17.29%. Analysts expect World Wrestling Entertainment to post earnings per share of 2.57 for him this year.
World Wrestling Entertainment Dividend Notice
The company recently announced a quarterly dividend, which was paid on Tuesday, December 27th. A dividend of $0.12 was issued to shareholders of record on Thursday, December 15th. The ex-dividend date was Wednesday, December 14. This represents an annualized dividend of $0.48 and a yield of 0.57%. World Wrestling Entertainment has a Dividend Payout Ratio (DPR) of 18.46%.
Hedge Fund Joins World Wrestling Entertainment
Several large investors have increased or decreased their stakes in WWE recently. Allworth Financial LP increased his stake in World Wrestling Entertainment by 84.4% in the third quarter. Allworth Financial LP now owns 402 of his shares worth $28,000 after acquiring an additional 184 of his shares last quarter. Wipfli Financial Advisors LLC won a new position in World Wrestling Entertainment in the third quarter worth approximately $32,000. Parallel Advisors LLC increased its stake in World Wrestling Entertainment by 26.5% in the second quarter. Parallel Advisors LLC now owns 745 shares of the company, valued at $47,000, after acquiring an additional 156 shares in the previous quarter. WD Rutherford LLC won a new position in World Wrestling Entertainment in the third quarter worth approximately $51,000. Finally, Assetmark Inc. won a new position in World Wrestling Entertainment in the second quarter worth approximately $52,000. Institutional investors and hedge funds own 69.60% of the company’s shares.
About World Wrestling Entertainment
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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