World Wrestling Entertainment, Inc. (NYSE:WWE – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $110.13.
Several equities analysts have recently weighed in on the company. VNET Group restated a “maintains” rating on shares of World Wrestling Entertainment in a report on Thursday, May 4th. Wells Fargo & Company raised their target price on shares of World Wrestling Entertainment from $100.00 to $109.00 in a research note on Wednesday, May 3rd. Citigroup raised their target price on shares of World Wrestling Entertainment from $115.00 to $125.00 in a research note on Thursday, May 11th. Morgan Stanley reiterated an “overweight” rating and issued a $125.00 target price on shares of World Wrestling Entertainment in a research note on Thursday, August 3rd. Finally, StockNews.com initiated coverage on shares of World Wrestling Entertainment in a research note on Saturday. They issued a “hold” rating for the company.
World Wrestling Entertainment Price Performance
Shares of NYSE WWE opened at $112.33 on Friday. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 55.06 and a beta of 1.14. The business has a 50-day moving average of $106.77 and a 200-day moving average of $99.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.78 and a quick ratio of 3.76. World Wrestling Entertainment has a fifty-two week low of $65.04 and a fifty-two week high of $114.83.
World Wrestling Entertainment Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Thursday, September 14th. World Wrestling Entertainment’s dividend payout ratio is 23.53%.
Institutional Investors Weigh In On World Wrestling Entertainment
A number of hedge funds and other institutional investors have recently modified their holdings of WWE. CWM LLC grew its stake in shares of World Wrestling Entertainment by 84.1% in the second quarter. CWM LLC now owns 267 shares of the company’s stock valued at $29,000 after acquiring an additional 122 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of World Wrestling Entertainment during the 4th quarter worth approximately $36,000. WealthPLAN Partners LLC bought a new position in shares of World Wrestling Entertainment during the second quarter worth approximately $38,000. KBC Group NV acquired a new stake in shares of World Wrestling Entertainment in the second quarter valued at approximately $43,000. Finally, Fred Alger Management LLC boosted its stake in shares of World Wrestling Entertainment by 85.7% in the first quarter. Fred Alger Management LLC now owns 479 shares of the company’s stock valued at $44,000 after buying an additional 221 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.
World Wrestling Entertainment Company Profile
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. It operates through three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, and digital and social media, as well as filmed entertainment.
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