World Wrestling Entertainment, Inc. (NYSE:WWE) shares reached a new 52-week high during trading on Friday . The company traded as high as $27.47 and last traded at $27.43, with a volume of 278366 shares. The stock had previously closed at $27.10.

WWE has been the topic of a number of research analyst reports. Benchmark Co. restated a “buy” rating and issued a $25.00 price target (down from $26.00) on shares of World Wrestling Entertainment in a report on Sunday, July 30th. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, July 31st. BidaskClub cut shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of World Wrestling Entertainment in a report on Tuesday, September 26th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $25.25.

The company has a debt-to-equity ratio of 0.83, a current ratio of 2.68 and a quick ratio of 2.62. The company has a market cap of $2,105.02, a price-to-earnings ratio of 51.51, a PEG ratio of 2.63 and a beta of 0.86.

World Wrestling Entertainment (NYSE:WWE) last issued its earnings results on Thursday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping 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 company had revenue of $186.40 million for the quarter, compared to analysts’ expectations of $176.19 million. During the same period in the prior year, the business earned $0.14 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. equities analysts expect that World Wrestling Entertainment, Inc. will post 0.52 earnings per share for the current fiscal year.

The firm 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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.76%. The ex-dividend date is Thursday, December 14th. World Wrestling Entertainment’s payout ratio is 106.67%.

In other World Wrestling Entertainment news, insider Kevin Dunn sold 72,286 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $20.81, for a total transaction of $1,504,271.66. Following the transaction, the insider now directly owns 379,559 shares in the company, valued at approximately $7,898,622.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Kowal sold 2,275 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $21.99, for a total transaction of $50,027.25. Following the transaction, the senior vice president now owns 14,736 shares in the company, valued at $324,044.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,899 shares of company stock worth $2,153,189. 49.80% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Lindsell Train Ltd boosted its holdings in shares of World Wrestling Entertainment by 2.1% in the 3rd quarter. Lindsell Train Ltd now owns 7,232,868 shares of the company’s stock valued at $170,334,000 after buying an additional 150,000 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of World Wrestling Entertainment by 1.4% in the 2nd quarter. BlackRock Inc. now owns 4,487,555 shares of the company’s stock valued at $91,410,000 after buying an additional 61,167 shares in the last quarter. EastBay Asset Management LLC boosted its holdings in shares of 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 valued at $27,237,000 after buying an additional 809,130 shares in the last quarter. Eagle Boston Investment Management Inc. boosted its holdings in shares of World Wrestling Entertainment by 100.8% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 916,673 shares of the company’s stock valued at $19,516,000 after buying an additional 460,117 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of World Wrestling Entertainment by 5.5% in the 2nd quarter. State Street Corp now owns 872,209 shares of the company’s stock valued at $17,763,000 after buying an additional 45,601 shares in the last quarter. Institutional investors own 49.59% of the company’s stock.

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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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