Waratah Capital Advisors Ltd. acquired a new position in World Wrestling Entertainment, Inc. (NYSE:WWE) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 33,567 shares of the company’s stock, valued at approximately $2,913,000.

A number of other hedge funds have also recently modified their holdings of the business. Neuburgh Advisers LLC raised its stake in shares of World Wrestling Entertainment by 4.1% in the 4th quarter. Neuburgh Advisers LLC now owns 4,972 shares of the company’s stock valued at $372,000 after purchasing an additional 198 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of World Wrestling Entertainment by 1.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the company’s stock valued at $1,015,000 after purchasing an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of World Wrestling Entertainment by 8.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,723 shares of the company’s stock valued at $236,000 after purchasing an additional 218 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of World Wrestling Entertainment by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 56,271 shares of the company’s stock valued at $4,205,000 after purchasing an additional 242 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of World Wrestling Entertainment by 0.8% in the 1st quarter. Arizona State Retirement System now owns 31,407 shares of the company’s stock valued at $2,725,000 after purchasing an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 64.01% of the company’s stock.

In related news, CEO Vincent K. Mcmahon sold 3,204,427 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $81.45, for a total transaction of $261,000,579.15. Following the sale, the chief executive officer now owns 3,285,919 shares in the company, valued at $267,638,102.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider George A. Barrios sold 40,000 shares of the company’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $83.80, for a total transaction of $3,352,000.00. The disclosure for this sale can be found here. 43.90% of the stock is owned by corporate insiders.

WWE traded up $0.61 on Thursday, hitting $81.83. 19,245 shares of the company’s stock were exchanged, compared to its average volume of 1,079,000. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 73.13 and a beta of 1.29. World Wrestling Entertainment, Inc. has a twelve month low of $43.43 and a twelve month high of $100.45. The company has a quick ratio of 1.25, a current ratio of 1.28 and a debt-to-equity ratio of 0.08.

World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.09). The business had revenue of $182.40 million for the quarter, compared to analyst estimates of $199.24 million. World Wrestling Entertainment had a return on equity of 25.24% and a net margin of 8.26%. World Wrestling Entertainment’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. Research analysts anticipate that World Wrestling Entertainment, Inc. will post 1.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Friday, June 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.48 annualized dividend and a yield of 0.59%. World Wrestling Entertainment’s dividend payout ratio (DPR) is 42.86%.

A number of equities research analysts have recently issued reports on the stock. Loop Capital upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and upped their target price for the company from $85.00 to $100.00 in a research note on Thursday, May 2nd. Zacks Investment Research lowered shares of World Wrestling Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 30th. KeyCorp cut their target price on shares of World Wrestling Entertainment from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. upped their target price on shares of World Wrestling Entertainment from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Cannonball Research lowered shares of World Wrestling Entertainment from a “buy” rating to a “neutral” rating and set a $88.00 target price on the stock. in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $103.00.

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World Wrestling Entertainment Company Profile

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. It operates in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.

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

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