Public Sector Pension Investment Board Has $480,000 Stake in World Wrestling Entertainment, Inc. (WWE)

Public Sector Pension Investment Board continued to hold its position in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,100 shares of the company’s stock at the end of the fourth quarter. Public Sector Pension Investment Board’s holdings in World Wrestling Entertainment were worth $480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WWE. Municipal Employees Retirement System of Michigan raised its position in shares of World Wrestling Entertainment by 9.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,160 shares of the company’s stock valued at $174,000 after buying an additional 680 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in World Wrestling Entertainment during the third quarter valued at $202,000. Aperio Group LLC acquired a new position in World Wrestling Entertainment during the third quarter valued at $244,000. New York State Teachers Retirement System raised its position in World Wrestling Entertainment by 9.7% in the fourth quarter. New York State Teachers Retirement System now owns 14,700 shares of the company’s stock valued at $270,000 after buying an additional 1,300 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in World Wrestling Entertainment by 7.2% in the third quarter. Louisiana State Employees Retirement System now owns 16,300 shares of the company’s stock valued at $347,000 after buying an additional 1,100 shares during the period. 47.84% of the stock is owned by institutional investors and hedge funds.

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

Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) opened at 21.24 on Tuesday. World Wrestling Entertainment, Inc. has a 12 month low of $15.55 and a 12 month high of $23.14. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 48.27 and a beta of 0.71. The company has a 50-day moving average price of $20.80 and a 200-day moving average price of $19.68.

World Wrestling Entertainment (NYSE:WWE) last announced its earnings results on Thursday, February 9th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.02. World Wrestling Entertainment had a return on equity of 15.21% and a net margin of 4.64%. The company earned $194.90 million during the quarter, compared to analysts’ expectations of $180.29 million. During the same quarter last year, the firm posted $0.04 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. On average, equities analysts anticipate that World Wrestling Entertainment, Inc. will post $0.54 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 27th. Investors of record on Wednesday, March 15th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 13th. This represents a $0.48 annualized dividend and a yield of 2.26%. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 111.63%.

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WWE has been the subject of several research analyst reports. Benchmark Co. reissued a “buy” rating and issued a $21.29 price objective on shares of World Wrestling Entertainment in a research report on Monday, February 6th. Needham & Company LLC reissued a “buy” rating on shares of World Wrestling Entertainment in a research report on Tuesday, December 6th. Zacks Investment Research lowered World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, February 13th. MKM Partners initiated coverage on World Wrestling Entertainment in a research report on Tuesday, January 10th. They issued a “buy” rating and a $23.00 price objective for the company. Finally, Guggenheim initiated coverage on World Wrestling Entertainment in a research report on Thursday, January 12th. They issued a “buy” rating and a $25.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.79.

In related news, insider Kevin Dunn sold 100,908 shares of the company’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $22.61, for a total value of $2,281,529.88. Following the completion of the transaction, the insider now directly owns 529,620 shares in the company, valued at $11,974,708.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Luisi sold 7,125 shares of the company’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $21.16, for a total transaction of $150,765.00. Following the completion of the transaction, the insider now owns 80,609 shares of the company’s stock, valued at $1,705,686.44. The disclosure for this sale can be found here. Insiders sold 123,412 shares of company stock valued at $2,774,287 over the last quarter. 55.10% of the stock is owned by company insiders.

World Wrestling Entertainment Company 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.

5 Day Chart for NYSE:WWE

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