World Wrestling Entertainment, Inc. (NYSE:WWE) CEO Vincent K. Mcmahon sold 306,000 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $74.73, for a total transaction of $22,867,380.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

NYSE WWE opened at $71.56 on Thursday. World Wrestling Entertainment, Inc. has a 1-year low of $28.73 and a 1-year high of $97.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.23 and a current ratio of 1.26. The firm has a market capitalization of $5.77 billion, a PE ratio of 110.09 and a beta of 1.13.

World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, October 25th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.18. World Wrestling Entertainment had a net margin of 7.27% and a return on equity of 27.69%. The business had revenue of $188.40 million for the quarter, compared to the consensus estimate of $203.08 million. On average, sell-side analysts predict that World Wrestling Entertainment, Inc. will post 0.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Friday, December 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, December 13th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 73.85%.

Several hedge funds and other institutional investors have recently bought and sold shares of WWE. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of World Wrestling Entertainment by 48.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,246 shares of the company’s stock worth $164,000 after acquiring an additional 734 shares during the last quarter. Strs Ohio bought a new stake in World Wrestling Entertainment during the second quarter valued at about $167,000. Raymond James Financial Services Advisors Inc. bought a new stake in World Wrestling Entertainment during the second quarter valued at about $212,000. Hartford Investment Management Co. bought a new stake in World Wrestling Entertainment during the third quarter valued at about $214,000. Finally, LPL Financial LLC bought a new stake in World Wrestling Entertainment during the third quarter valued at about $219,000. 59.92% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have 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. Cannonball Research raised shares of World Wrestling Entertainment to a “buy” rating and set a $95.00 target price on the stock in a research note on Thursday, October 11th. KeyCorp reissued a “buy” rating on shares of World Wrestling Entertainment in a research note on Friday, October 26th. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Monday, October 29th. Finally, Morgan Stanley cut their target price on shares of World Wrestling Entertainment from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 30th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. World Wrestling Entertainment currently has a consensus rating of “Buy” and an average price target of $87.42.

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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. The company operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios segments.

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