World Wrestling Entertainment, Inc. (NYSE:WWE) has been given an average rating of “Buy” by the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $36.86.

Several research firms have weighed in on WWE. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Monday, October 30th. KeyCorp raised shares of World Wrestling Entertainment from a “sector weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a report on Monday. Morgan Stanley raised shares of World Wrestling Entertainment from an “equal weight” rating to an “overweight” rating and set a $23.00 price objective on the stock in a report on Tuesday, January 30th. Benchmark upped their price objective on shares of World Wrestling Entertainment from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, BTIG Research upped their price objective on shares of World Wrestling Entertainment to $36.00 and gave the company a “buy” rating in a report on Monday, January 8th.

In related news, CEO Vincent K. Mcmahon sold 3,340,000 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $28.68, for a total transaction of $95,791,200.00. Following the sale, the chief executive officer now directly owns 3,340,000 shares of the company’s stock, valued at $95,791,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 49.80% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new stake in World Wrestling Entertainment during the third quarter worth $176,000. LS Investment Advisors LLC boosted its holdings in World Wrestling Entertainment by 31.6% during the fourth quarter. LS Investment Advisors LLC now owns 6,296 shares of the company’s stock worth $193,000 after buying an additional 1,512 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in World Wrestling Entertainment during the third quarter worth $201,000. FDx Advisors Inc. purchased a new stake in World Wrestling Entertainment during the third quarter worth $219,000. Finally, Summit Securities Group LLC purchased a new stake in World Wrestling Entertainment during the third quarter worth $236,000. 49.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of World Wrestling Entertainment (WWE) opened at $35.36 on Tuesday. The firm has a market cap of $2,686.41, a P/E ratio of 86.25, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. World Wrestling Entertainment has a 12-month low of $19.12 and a 12-month high of $36.91. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.77 and a current ratio of 2.83.

World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Thursday, February 8th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The company had revenue of $211.60 million for the quarter, compared to the consensus estimate of $208.51 million. World Wrestling Entertainment had a net margin of 4.07% and a return on equity of 20.50%. World Wrestling Entertainment’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. equities analysts expect that World Wrestling Entertainment will post 0.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Thursday, March 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, March 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is currently 117.08%.

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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.

Analyst Recommendations for World Wrestling Entertainment (NYSE:WWE)

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