Arizona State Retirement System reduced its holdings in World Wrestling Entertainment, Inc. (NYSE:WWE) by 47.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,795 shares of the company’s stock after selling 27,463 shares during the quarter. Arizona State Retirement System’s holdings in World Wrestling Entertainment were worth $2,979,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of World Wrestling Entertainment by 7.5% during the first quarter. Principal Financial Group Inc. now owns 343,249 shares of the company’s stock valued at $12,360,000 after purchasing an additional 23,890 shares during the period. Xact Kapitalforvaltning AB purchased a new stake in shares of World Wrestling Entertainment during the second quarter valued at $432,000. Amalgamated Bank boosted its stake in shares of World Wrestling Entertainment by 13.2% during the second quarter. Amalgamated Bank now owns 6,849 shares of the company’s stock valued at $499,000 after purchasing an additional 797 shares during the period. James Investment Research Inc. purchased a new stake in shares of World Wrestling Entertainment during the second quarter valued at $3,648,000. Finally, Creative Planning boosted its stake in shares of World Wrestling Entertainment by 4.6% during the second quarter. Creative Planning now owns 14,038 shares of the company’s stock valued at $1,022,000 after purchasing an additional 623 shares during the period. 61.57% of the stock is currently owned by institutional investors.

WWE stock opened at $69.57 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $5.87 billion, a P/E ratio of 107.03 and a beta of 1.18. World Wrestling Entertainment, Inc. has a 1-year low of $27.10 and a 1-year high of $97.69.

World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, October 25th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.18. The firm had revenue of $188.40 million during the quarter, compared to the consensus estimate of $203.08 million. World Wrestling Entertainment had a return on equity of 27.69% and a net margin of 7.27%. On average, sell-side analysts anticipate that World Wrestling Entertainment, Inc. will post 0.84 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Friday, December 14th will be issued a $0.12 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.69%. World Wrestling Entertainment’s payout ratio is currently 73.85%.

A number of analysts have recently issued reports on WWE shares. Citigroup boosted their target price on shares of World Wrestling Entertainment from $69.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 27th. Morgan Stanley lowered their target price on shares of World Wrestling Entertainment from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, October 30th. Wells Fargo & Co boosted their target price on shares of World Wrestling Entertainment to $97.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. KeyCorp reissued a “buy” rating on shares of World Wrestling Entertainment in a research note on Friday, October 26th. Finally, Needham & Company LLC boosted their target price on shares of World Wrestling Entertainment from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. World Wrestling Entertainment currently has an average rating of “Buy” and an average price target of $85.25.

In related news, insider George A. Barrios sold 90,685 shares of World Wrestling Entertainment stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $80.67, for a total value of $7,315,558.95. Following the completion of the sale, the insider now directly owns 496,723 shares in the company, valued at $40,070,644.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mark Kowal sold 2,500 shares of World Wrestling Entertainment stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $83.03, for a total value of $207,575.00. Following the completion of the sale, the chief accounting officer now owns 12,372 shares of the company’s stock, valued at $1,027,247.16. The disclosure for this sale can be found here. Insiders sold 191,446 shares of company stock valued at $16,396,273 over the last 90 days. 45.10% of the stock is currently owned by corporate insiders.

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About World Wrestling Entertainment

World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios segments.

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

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