Neuburgh Advisers LLC lifted its holdings in World Wrestling Entertainment, Inc. (NYSE:WWE) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,972 shares of the company’s stock after purchasing an additional 198 shares during the period. Neuburgh Advisers LLC’s holdings in World Wrestling Entertainment were worth $372,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in WWE. Canada Pension Plan Investment Board acquired a new stake in shares of World Wrestling Entertainment in the 4th quarter valued at $14,943,000. Morgan Stanley raised its holdings in World Wrestling Entertainment by 84.8% in the 3rd quarter. Morgan Stanley now owns 408,210 shares of the company’s stock worth $39,486,000 after acquiring an additional 187,290 shares during the period. Hsbc Holdings PLC raised its holdings in World Wrestling Entertainment by 5,852.6% in the 4th quarter. Hsbc Holdings PLC now owns 129,052 shares of the company’s stock worth $9,643,000 after acquiring an additional 126,884 shares during the period. Federated Investors Inc. PA raised its holdings in World Wrestling Entertainment by 110.6% in the 3rd quarter. Federated Investors Inc. PA now owns 229,226 shares of the company’s stock worth $22,173,000 after acquiring an additional 120,396 shares during the period. Finally, Deutsche Bank AG raised its holdings in World Wrestling Entertainment by 63.6% in the 3rd quarter. Deutsche Bank AG now owns 268,738 shares of the company’s stock worth $25,992,000 after acquiring an additional 104,452 shares during the period. 63.21% of the stock is owned by institutional investors and hedge funds.

NYSE:WWE opened at $92.37 on Friday. World Wrestling Entertainment, Inc. has a 52-week low of $34.69 and a 52-week high of $97.69. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.08. The stock has a market cap of $6.83 billion, a PE ratio of 82.47 and a beta of 1.36.

World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.14. World Wrestling Entertainment had a net margin of 10.71% and a return on equity of 34.02%. The company had revenue of $272.50 million for the quarter, compared to the consensus estimate of $255.01 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue was up 28.8% compared to the same quarter last year. On average, research analysts expect that World Wrestling Entertainment, Inc. will post 1.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Friday, March 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. World Wrestling Entertainment’s dividend payout ratio (DPR) is currently 42.86%.

In other news, insider George A. Barrios sold 40,000 shares of World Wrestling Entertainment stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $83.80, for a total transaction of $3,352,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider George A. Barrios sold 37,500 shares of World Wrestling Entertainment stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $70.61, for a total transaction of $2,647,875.00. Following the sale, the insider now owns 356,946 shares in the company, valued at $25,203,957.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,500 shares of company stock worth $10,891,075. 43.90% of the stock is owned by company insiders.

Several brokerages recently commented on WWE. JPMorgan Chase & Co. lifted their target price on shares of World Wrestling Entertainment to $95.00 and gave the stock an “overweight” rating in a report on Friday, February 8th. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Monday, January 14th. Wolfe Research reiterated an “outperform” rating and issued a $105.00 target price on shares of World Wrestling Entertainment in a report on Thursday. FBN Securities upgraded shares of World Wrestling Entertainment from a “sector perform” rating to an “outperform” rating in a report on Tuesday, November 27th. Finally, Guggenheim lifted their target price on shares of World Wrestling Entertainment from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 28th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. World Wrestling Entertainment presently has an average rating of “Buy” and a consensus target price of $99.31.

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