Arcus Capital Partners LLC maintained its position in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,500 shares of the company’s stock at the close of the second quarter. Arcus Capital Partners LLC’s holdings in World Wrestling Entertainment were worth $336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pinebridge Investments L.P. lifted its stake in World Wrestling Entertainment by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock valued at $104,000 after acquiring an additional 51 shares during the period. State of Alaska Department of Revenue lifted its stake in World Wrestling Entertainment by 78.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,601 shares of the company’s stock valued at $154,000 after acquiring an additional 3,351 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in World Wrestling Entertainment by 4.5% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 8,790 shares of the company’s stock valued at $195,000 after acquiring an additional 380 shares during the period. Mason Street Advisors LLC lifted its stake in World Wrestling Entertainment by 7.1% during the 1st quarter. Mason Street Advisors LLC now owns 9,003 shares of the company’s stock valued at $200,000 after acquiring an additional 600 shares during the period. Finally, NGAM Advisors L.P. bought a new position in World Wrestling Entertainment during the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 49.49% of the company’s stock.

In related news, SVP Mark Kowal sold 2,275 shares of World Wrestling Entertainment 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 completion of the sale, the senior vice president now owns 14,736 shares of the company’s stock, valued at $324,044.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Basil V. Jr. Devito sold 25,537 shares of World Wrestling Entertainment stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $21.59, for a total value of $551,343.83. Following the sale, the insider now directly owns 65,616 shares of the company’s stock, valued at approximately $1,416,649.44. The disclosure for this sale can be found here. Insiders have sold 173,231 shares of company stock valued at $3,660,354 in the last ninety days. Corporate insiders own 49.80% of the company’s stock.

Several research firms have issued reports on WWE. Zacks Investment Research cut shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research note on Tuesday, September 26th. ValuEngine upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub cut shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Benchmark Co. restated a “buy” rating and set a $25.00 target price (down previously from $26.00) on shares of World Wrestling Entertainment in a research note on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $24.38.

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World Wrestling Entertainment, Inc. (NYSE:WWE) traded down 2.25% during midday trading on Thursday, hitting $22.57. 417,425 shares of the stock traded hands. The company has a 50-day moving average of $22.41 and a 200-day moving average of $21.27. The stock has a market cap of $1.74 billion, a PE ratio of 68.81 and a beta of 0.84. World Wrestling Entertainment, Inc. has a 12 month low of $16.77 and a 12 month high of $23.88.

World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Thursday, July 27th. The company reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. World Wrestling Entertainment had a return on equity of 13.07% and a net margin of 3.29%. The firm had revenue of $214.60 million during the quarter, compared to the consensus estimate of $209.28 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that World Wrestling Entertainment, Inc. will post $0.46 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Friday, September 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, September 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is 154.84%.

World Wrestling Entertainment Profile

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.

Institutional Ownership by Quarter for World Wrestling Entertainment (NYSE:WWE)

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