World Wrestling Entertainment, Inc. (NYSE:WWE)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $92.37 and last traded at $92.22, with a volume of 28901 shares changing hands. The stock had previously closed at $89.95.

Several brokerages have recently commented on WWE. Wells Fargo & Co boosted their target price on shares of World Wrestling Entertainment to $97.00 and gave the company an “outperform” rating in a research report on Friday, July 27th. Needham & Company LLC boosted their target price on shares of World Wrestling Entertainment from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. Citigroup boosted their target price on shares of World Wrestling Entertainment from $69.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 27th. JPMorgan Chase & Co. boosted their target price on shares of World Wrestling Entertainment from $77.00 to $84.00 and gave the company a “hold” rating in a research report on Friday, July 27th. Finally, Morgan Stanley boosted their target price on shares of World Wrestling Entertainment from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $86.27.

The firm has a market cap of $7.03 billion, a PE ratio of 139.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.31 and a current ratio of 1.34.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings results on Thursday, July 26th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $281.60 million for the quarter, compared to the consensus estimate of $240.30 million. World Wrestling Entertainment had a net margin of 5.93% and a return on equity of 24.64%. The company’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. equities analysts predict that World Wrestling Entertainment, Inc. will post 0.87 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Friday, September 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, September 13th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 73.85%.

In related news, insider George A. Barrios sold 12,292 shares of World Wrestling Entertainment stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $80.01, for a total transaction of $983,482.92. Following the sale, the insider now directly owns 607,148 shares of the company’s stock, valued at approximately $48,577,911.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank A. Riddick III sold 6,300 shares of World Wrestling Entertainment stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $80.86, for a total transaction of $509,418.00. Following the sale, the director now directly owns 30,732 shares in the company, valued at $2,484,989.52. The disclosure for this sale can be found here. Insiders have sold a total of 303,996 shares of company stock worth $24,511,438 over the last ninety days. 45.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of WWE. Meeder Asset Management Inc. grew its holdings in World Wrestling Entertainment by 175.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,815 shares of the company’s stock worth $132,000 after acquiring an additional 1,155 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in World Wrestling Entertainment by 48.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,246 shares of the company’s stock worth $164,000 after acquiring an additional 734 shares during the last quarter. Strs Ohio bought a new stake in World Wrestling Entertainment during the 2nd quarter worth approximately $167,000. Raymond James Financial Services Advisors Inc. bought a new stake in World Wrestling Entertainment during the 2nd quarter worth approximately $212,000. Finally, Everence Capital Management Inc. bought a new stake in World Wrestling Entertainment during the 2nd quarter worth approximately $218,000. 61.52% of the stock is currently owned by hedge funds and other institutional investors.

About World Wrestling Entertainment (NYSE:WWE)

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. The company operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios segments.

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