Bank of New York Mellon Corp lifted its holdings in World Wrestling Entertainment, Inc. (NYSE:WWE) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 607,156 shares of the company’s stock after purchasing an additional 20,152 shares during the period. Bank of New York Mellon Corp owned about 0.79% of World Wrestling Entertainment worth $14,298,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WWE. Northern Trust Corp increased its holdings in World Wrestling Entertainment by 6.3% in the 2nd quarter. Northern Trust Corp now owns 516,923 shares of the company’s stock worth $10,529,000 after acquiring an additional 30,596 shares in the last quarter. State Street Corp increased its holdings in World Wrestling Entertainment by 5.5% in the 2nd quarter. State Street Corp now owns 872,209 shares of the company’s stock worth $17,763,000 after acquiring an additional 45,601 shares in the last quarter. New York State Common Retirement Fund increased its holdings in World Wrestling Entertainment by 25.8% in the 2nd quarter. New York State Common Retirement Fund now owns 40,900 shares of the company’s stock worth $833,000 after acquiring an additional 8,399 shares in the last quarter. EastBay Asset Management LLC increased its holdings in 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 worth $27,237,000 after acquiring an additional 809,130 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in World Wrestling Entertainment by 10.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 222,028 shares of the company’s stock worth $4,523,000 after acquiring an additional 20,576 shares in the last quarter. Hedge funds and other institutional investors own 49.75% of the company’s stock.

World Wrestling Entertainment, Inc. (NYSE:WWE) opened at $32.07 on Thursday. The company has a current ratio of 2.68, a quick ratio of 2.62 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $2,480.00, a P/E ratio of 62.11, a PEG ratio of 2.86 and a beta of 0.87. World Wrestling Entertainment, Inc. has a 52-week low of $18.00 and a 52-week high of $33.28.

World Wrestling Entertainment (NYSE:WWE) last posted its earnings results on Thursday, October 26th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $186.40 million during the quarter, compared to the consensus estimate of $176.19 million. World Wrestling Entertainment had a return on equity of 17.05% and a net margin of 4.56%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. sell-side analysts predict that World Wrestling Entertainment, Inc. will post 0.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Friday, December 15th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.50%. World Wrestling Entertainment’s dividend payout ratio is currently 104.35%.

A number of equities research analysts have issued reports on WWE shares. J P Morgan Chase & Co started coverage on shares of World Wrestling Entertainment in a report on Wednesday, December 6th. They set an “overweight” rating for the company. Benchmark increased 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. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a report on Monday, October 30th. FBN Securities lowered shares of World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a report on Monday, October 30th. Finally, KeyCorp reaffirmed a “hold” rating on shares of World Wrestling Entertainment in a report on Tuesday, October 17th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $25.25.

In other news, SVP Blake Timothy Bilstad sold 1,801 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $26.40, for a total transaction of $47,546.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 49.80% of the stock is currently owned by corporate insiders.

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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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