World Wrestling Entertainment, Inc. (NYSE:WWE) had its target price raised by Benchmark Co. from $25.00 to $28.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of World Wrestling Entertainment from a hold rating to a sell rating in a report on Tuesday, July 11th. BidaskClub lowered shares of World Wrestling Entertainment from a buy rating to a hold rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a hold rating to a buy rating and set a $24.00 price objective on the stock in a report on Monday, July 31st. Needham & Company LLC restated a buy rating and issued a $25.00 price objective on shares of World Wrestling Entertainment in a report on Tuesday, September 26th. Finally, KeyCorp restated 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, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $25.25.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.08. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The business had revenue of $186.40 million for the quarter, compared to analyst estimates of $176.19 million. During the same period in the prior year, the business posted $0.14 earnings per share. World Wrestling Entertainment’s revenue was up 13.5% compared to the same quarter last year.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/benchmark-co-boosts-world-wrestling-entertainment-inc-wwe-price-target-to-28-00/1675437.html.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 15th will be issued a $0.12 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.48 annualized dividend and a yield of 1.83%. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 106.67%.

In other news, SVP Blake Timothy Bilstad sold 1,801 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $26.40, for a total transaction of $47,546.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin Dunn sold 72,286 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $20.81, for a total transaction of $1,504,271.66. Following the sale, the insider now directly owns 379,559 shares of the company’s stock, valued at approximately $7,898,622.79. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,649 shares of company stock worth $2,255,029. Company insiders own 49.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Pinebridge Investments L.P. increased its position in shares of World Wrestling Entertainment by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock worth $104,000 after acquiring an additional 51 shares in the last quarter. Alps Advisors Inc. increased its position in shares of World Wrestling Entertainment by 0.3% during the second quarter. Alps Advisors Inc. now owns 23,635 shares of the company’s stock worth $481,000 after acquiring an additional 61 shares in the last quarter. Capital One National Association increased its position in shares of World Wrestling Entertainment by 0.8% during the second quarter. Capital One National Association now owns 17,820 shares of the company’s stock worth $363,000 after acquiring an additional 143 shares in the last quarter. Aperio Group LLC increased its position in shares of World Wrestling Entertainment by 2.1% during the second quarter. Aperio Group LLC now owns 10,469 shares of the company’s stock worth $213,000 after acquiring an additional 220 shares in the last quarter. Finally, Texas Permanent School Fund increased its position in shares of World Wrestling Entertainment by 0.9% during the second quarter. Texas Permanent School Fund now owns 28,114 shares of the company’s stock worth $573,000 after acquiring an additional 240 shares in the last quarter. 49.47% of the stock is owned by institutional investors.

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.

Analyst Recommendations for World Wrestling Entertainment (NYSE:WWE)

Receive News & Ratings for World Wrestling Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Wrestling Entertainment Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.