Heartland Advisors Inc. purchased a new stake in World Wrestling Entertainment, Inc. (NYSE:WWE) during the second quarter, according to its most recent filing with the SEC. The firm purchased 340,583 shares of the company’s stock, valued at approximately $6,938,000. Heartland Advisors Inc. owned 0.44% of World Wrestling Entertainment as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WWE. BlackRock Inc. raised its position in shares of World Wrestling Entertainment by 116,814.6% in the first quarter. BlackRock Inc. now owns 4,426,388 shares of the company’s stock valued at $98,355,000 after buying an additional 4,422,602 shares during the period. Morgan Stanley raised its position in shares of World Wrestling Entertainment by 22.5% in the first quarter. Morgan Stanley now owns 1,807,629 shares of the company’s stock valued at $40,165,000 after buying an additional 331,584 shares during the period. Lindsell Train Ltd raised its position in shares of World Wrestling Entertainment by 4.2% in the second quarter. Lindsell Train Ltd now owns 7,082,868 shares of the company’s stock valued at $144,278,000 after buying an additional 286,635 shares during the period. JPMorgan Chase & Co. raised its position in shares of World Wrestling Entertainment by 14,498.8% in the first quarter. JPMorgan Chase & Co. now owns 224,675 shares of the company’s stock valued at $4,993,000 after buying an additional 223,136 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in shares of World Wrestling Entertainment during the second quarter valued at approximately $4,392,000. 49.50% of the stock is owned by hedge funds and other institutional investors.

Shares of World Wrestling Entertainment, Inc. (WWE) opened at 22.15 on Friday. World Wrestling Entertainment, Inc. has a 12-month low of $16.77 and a 12-month high of $23.14. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 67.53 and a beta of 0.79. The company’s 50-day moving average is $21.22 and its 200-day moving average is $20.98.

World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. World Wrestling Entertainment had a net margin of 3.29% and a return on equity of 13.07%. The company had revenue of $214.60 million for the quarter, compared to analyst estimates of $209.28 million. During the same quarter last year, the firm posted $0.01 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that World Wrestling Entertainment, Inc. will post $0.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, September 14th. World Wrestling Entertainment’s dividend payout ratio is 154.84%.

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Several research firms have recently issued reports on WWE. ValuEngine lowered shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Morgan Stanley began coverage on shares of World Wrestling Entertainment in a research report on Friday, June 30th. They issued an “equal weight” rating and a $23.00 price objective for the company. 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. reissued 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. Finally, BidaskClub lowered shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $24.38.

In other news, SVP Mark Kowal sold 4,750 shares of World Wrestling Entertainment stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $21.44, for a total value of $101,840.00. Following the transaction, the senior vice president now owns 17,011 shares of the company’s stock, valued at $364,715.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kevin Dunn sold 72,286 shares of World Wrestling Entertainment stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $20.81, for a total transaction of $1,504,271.66. Following the completion of the transaction, 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 sold 145,419 shares of company stock worth $3,058,983. Insiders own 49.80% of the company’s stock.

About World Wrestling Entertainment

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

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