World Wrestling Entertainment (NYSE:WWE) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of World Wrestling Entertainment (NYSE:WWE – Get Rating) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

Several other analysts have also recently commented on the stock. Wolfe Research cut shares of World Wrestling Entertainment from an outperform rating to a peer perform rating in a research note on Monday, January 30th. Wells Fargo & Company lifted their target price on shares of World Wrestling Entertainment from $100.00 to $109.00 in a research report on Wednesday, May 3rd. Loop Capital lifted their target price on shares of World Wrestling Entertainment from $105.00 to $125.00 in a research report on Thursday, May 4th. Morgan Stanley lifted their target price on shares of World Wrestling Entertainment from $120.00 to $125.00 in a research report on Thursday, May 4th. Finally, Guggenheim lifted their target price on shares of World Wrestling Entertainment from $105.00 to $114.00 in a research report on Wednesday, April 12th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $105.56.

World Wrestling Entertainment Stock Down 0.6 %

Shares of NYSE:WWE opened at $101.53 on Tuesday. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 52.07 and a beta of 1.19. The firm’s 50-day simple moving average is $100.33 and its 200-day simple moving average is $87.64. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.66. World Wrestling Entertainment has a fifty-two week low of $58.72 and a fifty-two week high of $110.24.

World Wrestling Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Stockholders of record on Thursday, June 15th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.47%. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 24.62%.

Institutional Trading of World Wrestling Entertainment

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in World Wrestling Entertainment by 2.2% in the first quarter. BlackRock Inc. now owns 4,882,613 shares of the company’s stock valued at $445,587,000 after acquiring an additional 103,825 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of World Wrestling Entertainment by 0.5% during the third quarter. Vanguard Group Inc. now owns 4,082,547 shares of the company’s stock worth $286,473,000 after purchasing an additional 20,673 shares during the period. Ninety One UK Ltd raised its holdings in shares of World Wrestling Entertainment by 8.2% during the first quarter. Ninety One UK Ltd now owns 2,789,392 shares of the company’s stock worth $254,560,000 after purchasing an additional 210,614 shares during the period. Principal Financial Group Inc. grew its position in shares of World Wrestling Entertainment by 1.4% during the first quarter. Principal Financial Group Inc. now owns 1,238,718 shares of the company’s stock worth $113,045,000 after acquiring an additional 16,690 shares during the last quarter. Finally, State Street Corp grew its position in shares of World Wrestling Entertainment by 1.7% during the first quarter. State Street Corp now owns 1,177,704 shares of the company’s stock worth $107,477,000 after acquiring an additional 19,858 shares during the last quarter. 69.60% of the stock is owned by institutional investors and hedge funds.

World Wrestling Entertainment Company Profile

(Get Rating)

World Wrestling Entertainment, Inc is an integrated media and entertainment company, which engages in the production and distribution of content through various channels. It operates through the following business segments: Media, Live Events, and Consumer Products. The Media segment reflects the production and monetization of long-form and short-form video content across various platforms including WWE Network, broadcast and pay television, digital and social media, as well as filmed entertainment.