Vanguard Group Inc. lowered its position in World Wrestling Entertainment, Inc. (NYSE:WWE) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,379,410 shares of the company’s stock after selling 63,888 shares during the period. Vanguard Group Inc. owned approximately 4.38% of World Wrestling Entertainment worth $68,839,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WWE. UBS Asset Management Americas Inc. purchased a new position in shares of World Wrestling Entertainment in the 1st quarter worth approximately $229,000. Karp Capital Management Corp purchased a new position in shares of World Wrestling Entertainment in the 1st quarter worth approximately $228,000. Ameriprise Financial Inc. grew its position in shares of World Wrestling Entertainment by 4.9% in the 1st quarter. Ameriprise Financial Inc. now owns 201,196 shares of the company’s stock worth $4,471,000 after buying an additional 9,355 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of World Wrestling Entertainment by 0.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 69,236 shares of the company’s stock worth $1,538,000 after buying an additional 615 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of World Wrestling Entertainment by 14,498.8% in the 1st quarter. JPMorgan Chase & Co. now owns 224,675 shares of the company’s stock worth $4,993,000 after buying an additional 223,136 shares during the last quarter. 49.47% of the stock is currently owned by hedge funds and other institutional investors.

In other World Wrestling Entertainment news, SVP Mark Kowal sold 2,275 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $21.99, for a total transaction of $50,027.25. Following the sale, the senior vice president now owns 14,736 shares of the company’s stock, valued at $324,044.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin Dunn sold 72,286 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $20.81, for a total transaction of $1,504,271.66. Following the sale, the insider now directly owns 379,559 shares in the company, valued at approximately $7,898,622.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,848 shares of company stock worth $2,207,483. 49.80% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “Vanguard Group Inc. Has $68.84 Million Stake in World Wrestling Entertainment, Inc. (WWE)” was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://theolympiareport.com/2017/11/01/vanguard-group-inc-has-68-84-million-stake-in-world-wrestling-entertainment-inc-wwe.html.

Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) opened at 26.53 on Wednesday. World Wrestling Entertainment, Inc. has a 52-week low of $16.77 and a 52-week high of $26.73. The stock has a market cap of $2.05 billion, a P/E ratio of 80.88 and a beta of 0.84. The firm’s 50-day moving average is $23.06 and its 200 day moving average is $21.40.

World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The company had revenue of $186.40 million for the quarter, compared to analysts’ expectations of $176.19 million. During the same quarter last year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. Analysts forecast that World Wrestling Entertainment, Inc. will post $0.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.81%. World Wrestling Entertainment’s payout ratio is currently 106.67%.

WWE has been the topic of a number of analyst reports. ValuEngine downgraded shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Benchmark Co. reaffirmed a “buy” rating and issued a $25.00 price objective (down previously from $26.00) on shares of World Wrestling Entertainment in a research report on Sunday, July 30th. BidaskClub downgraded shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of World Wrestling Entertainment in a research report on Tuesday, September 26th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. World Wrestling Entertainment currently has a consensus rating of “Buy” and an average price target of $25.25.

World Wrestling Entertainment 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.

Want to see what other hedge funds are holding WWE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for World Wrestling Entertainment, Inc. (NYSE:WWE).

Institutional Ownership by Quarter for World Wrestling Entertainment (NYSE:WWE)

Receive News & Ratings for World Wrestling Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Wrestling Entertainment Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.