World Wrestling Entertainment, Inc. (WWE) Insider Michael J. Luisi Sells 7,125 Shares

World Wrestling Entertainment, Inc. (NYSE:WWE) insider Michael J. Luisi sold 7,125 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 80,609 shares in the company, valued at approximately $1,705,686.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

World Wrestling Entertainment, Inc. (NYSE:WWE) traded up 0.71% during trading on Monday, reaching $21.24. 481,525 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 48.27 and a beta of 0.71. World Wrestling Entertainment, Inc. has a 52 week low of $15.55 and a 52 week high of $23.14. The company’s 50 day moving average price is $20.80 and its 200-day moving average price is $19.68.

World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Thursday, February 9th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates 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 business earned $194.90 million during the quarter, compared to the consensus estimate of $180.29 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities analysts expect that World Wrestling Entertainment, Inc. will post $0.54 EPS for the current year.

Insider Buying and Selling by Quarter for World Wrestling Entertainment (NYSE:WWE)

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 27th. Investors of record on Wednesday, March 15th will be issued a $0.12 dividend. The ex-dividend date is Monday, March 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.26%. World Wrestling Entertainment’s payout ratio is currently 111.63%.

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Several hedge funds have recently added to or reduced their stakes in WWE. Eagle Boston Investment Management Inc. increased its stake in World Wrestling Entertainment by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 432,902 shares of the company’s stock worth $9,220,000 after buying an additional 3,408 shares during the last quarter. Capstone Asset Management Co. increased its stake in World Wrestling Entertainment by 2.9% in the third quarter. Capstone Asset Management Co. now owns 17,300 shares of the company’s stock worth $368,000 after buying an additional 490 shares during the last quarter. First Manhattan Co. increased its stake in World Wrestling Entertainment by 4.9% in the third quarter. First Manhattan Co. now owns 17,537 shares of the company’s stock worth $373,000 after buying an additional 820 shares during the last quarter. Louisiana State Employees Retirement System increased its stake 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 worth $347,000 after buying an additional 1,100 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in World Wrestling Entertainment by 12.1% in the third quarter. Great West Life Assurance Co. Can now owns 47,233 shares of the company’s stock worth $1,006,000 after buying an additional 5,083 shares during the last quarter. Institutional investors and hedge funds own 47.84% of the company’s stock.

A number of analysts recently issued reports on the stock. Benchmark Co. restated a “buy” rating and set a $25.86 target price (up previously from $21.29) on shares of World Wrestling Entertainment in a research report on Thursday, February 16th. MKM Partners assumed coverage on shares of World Wrestling Entertainment in a research report on Tuesday, January 10th. They set a “buy” rating and a $23.00 target price on the stock. Guggenheim assumed coverage on shares of World Wrestling Entertainment in a research report on Thursday, January 12th. They set a “buy” rating and a $25.00 target price on the stock. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research report on Thursday, February 9th. Finally, Zacks Investment Research lowered shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $22.79.

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.

5 Day Chart for NYSE:WWE

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