Teachers Retirement System of The State of Kentucky held its stake in World Wrestling Entertainment, Inc. (NYSE:WWE) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 12,600 shares of the company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in World Wrestling Entertainment were worth $280,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan increased its stake in World Wrestling Entertainment by 4.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,790 shares of the company’s stock valued at $195,000 after buying an additional 380 shares during the last quarter. Mason Street Advisors LLC increased its stake in World Wrestling Entertainment by 7.1% in the first quarter. Mason Street Advisors LLC now owns 9,003 shares of the company’s stock valued at $200,000 after buying an additional 600 shares during the last quarter. Karp Capital Management Corp bought a new stake in World Wrestling Entertainment during the first quarter valued at $228,000. UBS Asset Management Americas Inc. bought a new stake in World Wrestling Entertainment during the first quarter valued at $229,000. Finally, Louisiana State Employees Retirement System increased its stake in World Wrestling Entertainment by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the company’s stock valued at $349,000 after buying an additional 200 shares during the last quarter. 49.79% of the stock is owned by institutional investors.

Shares of World Wrestling Entertainment, Inc. (NYSE WWE) traded up 2.35% during midday trading on Thursday, hitting $21.33. 245,910 shares of the company were exchanged. World Wrestling Entertainment, Inc. has a one year low of $16.77 and a one year high of $23.14. The stock has a market cap of $1.64 billion, a PE ratio of 65.03 and a beta of 0.82. The stock’s 50-day moving average is $20.89 and its 200-day moving average is $20.84.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. World Wrestling Entertainment had a net margin of 3.29% and a return on equity of 13.07%. The company had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $209.28 million. During the same quarter in the prior year, the company posted $0.01 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that World Wrestling Entertainment, Inc. will post $0.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, September 14th. World Wrestling Entertainment’s dividend payout ratio is 154.84%.

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Several research firms have recently weighed in on WWE. Morgan Stanley began coverage on shares of World Wrestling Entertainment in a research report on Friday, June 30th. They issued an “equal weight” rating and a $23.00 target price for the company. ValuEngine downgraded shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. TheStreet raised shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research report on Thursday, May 4th. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, July 31st. Finally, BidaskClub downgraded shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. World Wrestling Entertainment has an average rating of “Hold” and a consensus target price of $24.38.

In other news, EVP Casey Collins sold 13,383 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $21.23, for a total value of $284,121.09. Following the completion of the transaction, the executive vice president now owns 43,926 shares in the company, valued at approximately $932,548.98. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO Michelle D. Wilson sold 55,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $21.25, for a total transaction of $1,168,750.00. Following the completion of the transaction, the executive now owns 436,174 shares of the company’s stock, valued at approximately $9,268,697.50. The disclosure for this sale can be found here. Corporate insiders own 49.80% of the company’s stock.

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

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