Lazard Asset Management LLC Has $364,000 Stock Holdings in World Wrestling Entertainment, Inc. (NYSE:WWE)

Lazard Asset Management LLC decreased its position in shares of World Wrestling Entertainment, Inc. (NYSE:WWEGet Rating) by 83.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,379 shares of the company’s stock after selling 38,430 shares during the period. Lazard Asset Management LLC’s holdings in World Wrestling Entertainment were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lindsell Train Ltd boosted its position in shares of World Wrestling Entertainment by 1.0% during the 3rd quarter. Lindsell Train Ltd now owns 11,212,514 shares of the company’s stock worth $630,816,000 after acquiring an additional 110,000 shares in the last quarter. BlackRock Inc. lifted its stake in World Wrestling Entertainment by 11.0% in the 3rd quarter. BlackRock Inc. now owns 5,621,335 shares of the company’s stock valued at $316,256,000 after purchasing an additional 555,079 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in World Wrestling Entertainment by 18.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 1,817,605 shares of the company’s stock valued at $102,258,000 after purchasing an additional 282,695 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in World Wrestling Entertainment in the 4th quarter valued at approximately $37,472,000. Finally, Bank of New York Mellon Corp lifted its stake in World Wrestling Entertainment by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 675,141 shares of the company’s stock valued at $37,982,000 after purchasing an additional 15,410 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Several equities analysts recently commented on WWE shares. StockNews.com started coverage on shares of World Wrestling Entertainment in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Barclays increased their price objective on shares of World Wrestling Entertainment from $55.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday, April 7th. TheStreet downgraded shares of World Wrestling Entertainment from a “b-” rating to a “c+” rating in a research note on Thursday, January 27th. Benchmark raised their price target on shares of World Wrestling Entertainment from $68.00 to $71.00 in a research note on Friday, February 4th. Finally, Zacks Investment Research downgraded shares of World Wrestling Entertainment from a “strong-buy” rating to a “hold” rating and set a $66.00 price target for the company. in a research note on Wednesday, April 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, World Wrestling Entertainment presently has an average rating of “Hold” and an average target price of $63.88.

In other news, EVP Bradley Blum sold 9,800 shares of World Wrestling Entertainment stock in a transaction dated Wednesday, March 23rd. The shares were sold at an average price of $60.14, for a total transaction of $589,372.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 41.40% of the stock is owned by company insiders.

NYSE:WWE opened at $58.25 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 24.37 and a beta of 1.24. The firm has a fifty day simple moving average of $59.85 and a two-hundred day simple moving average of $55.40. World Wrestling Entertainment, Inc. has a 12 month low of $46.81 and a 12 month high of $70.72.

World Wrestling Entertainment (NYSE:WWEGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The business had revenue of $333.40 million during the quarter, compared to analysts’ expectations of $325.70 million. World Wrestling Entertainment had a net margin of 17.40% and a return on equity of 53.60%. The business’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. Equities analysts predict that World Wrestling Entertainment, Inc. will post 2.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 27th. Stockholders of record on Wednesday, June 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, June 14th. World Wrestling Entertainment’s dividend payout ratio is currently 20.08%.

World Wrestling Entertainment Company Profile (Get Rating)

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 through three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and 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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