World Wrestling Entertainment, Inc. (NYSE:WWE) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 826 call options on the stock. This represents an increase of 734% compared to the average volume of 99 call options.

WWE has been the topic of several recent analyst reports. Guggenheim set a $40.00 price objective on shares of World Wrestling Entertainment and gave the stock a “buy” rating in a report on Thursday, January 11th. BTIG Research increased their target price on shares of World Wrestling Entertainment to $36.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Benchmark increased their target price on shares of World Wrestling Entertainment from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Needham & Company LLC increased their target price on shares of World Wrestling Entertainment from $25.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Saturday, February 3rd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. World Wrestling Entertainment presently has a consensus rating of “Buy” and a consensus price target of $35.57.

Shares of World Wrestling Entertainment (NYSE WWE) opened at $34.84 on Friday. The stock has a market cap of $2,609.30, a P/E ratio of 84.98, a price-to-earnings-growth ratio of 2.51 and a beta of 0.93. World Wrestling Entertainment has a fifty-two week low of $19.12 and a fifty-two week high of $36.91. The company has a current ratio of 2.83, a quick ratio of 2.62 and a debt-to-equity ratio of 0.83.

World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Thursday, February 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $211.60 million for the quarter, compared to analyst estimates of $208.51 million. World Wrestling Entertainment had a net margin of 4.07% and a return on equity of 20.51%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 EPS. equities analysts predict that World Wrestling Entertainment will post 0.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Thursday, March 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, March 14th. World Wrestling Entertainment’s dividend payout ratio is presently 117.08%.

In other news, CEO Vincent K. Mcmahon sold 3,340,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $28.68, for a total value of $95,791,200.00. Following the transaction, the chief executive officer now directly owns 3,340,000 shares in the company, valued at approximately $95,791,200. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 49.80% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Lindsell Train Ltd increased its position in shares of World Wrestling Entertainment by 2.1% in the 3rd quarter. Lindsell Train Ltd now owns 7,232,868 shares of the company’s stock valued at $170,334,000 after purchasing an additional 150,000 shares during the last quarter. BlackRock Inc. increased its position in shares of World Wrestling Entertainment by 3.8% in the 4th quarter. BlackRock Inc. now owns 4,889,363 shares of the company’s stock valued at $149,516,000 after purchasing an additional 179,730 shares during the last quarter. EastBay Asset Management LLC increased its position in shares of World Wrestling Entertainment by 153.2% in the 2nd quarter. EastBay Asset Management LLC now owns 1,337,130 shares of the company’s stock valued at $27,237,000 after purchasing an additional 809,130 shares during the last quarter. State Street Corp increased its position in shares of World Wrestling Entertainment by 5.5% in the 2nd quarter. State Street Corp now owns 872,209 shares of the company’s stock valued at $17,763,000 after purchasing an additional 45,601 shares during the last quarter. Finally, Davidson Kempner Capital Management LP increased its position in shares of World Wrestling Entertainment by 286.7% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 725,000 shares of the company’s stock valued at $14,768,000 after purchasing an additional 537,500 shares during the last quarter. 49.95% of the stock is currently owned by institutional investors.

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World Wrestling Entertainment Company 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.

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