Elkfork Partners LLC purchased a new position in shares of WWE (NYSE:WWE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,816 shares of the company’s stock, valued at approximately $147,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. LS Investment Advisors LLC increased its position in shares of WWE by 31.6% during the fourth quarter. LS Investment Advisors LLC now owns 6,296 shares of the company’s stock worth $193,000 after purchasing an additional 1,512 shares in the last quarter. Comerica Bank increased its position in shares of WWE by 66.1% during the fourth quarter. Comerica Bank now owns 68,442 shares of the company’s stock worth $2,292,000 after purchasing an additional 27,235 shares in the last quarter. California Public Employees Retirement System increased its position in shares of WWE by 13.2% during the fourth quarter. California Public Employees Retirement System now owns 63,145 shares of the company’s stock worth $1,931,000 after purchasing an additional 7,345 shares in the last quarter. Two Sigma Investments LP increased its position in shares of WWE by 30.6% during the fourth quarter. Two Sigma Investments LP now owns 142,011 shares of the company’s stock worth $4,343,000 after purchasing an additional 33,311 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of WWE by 5.3% during the fourth quarter. Swiss National Bank now owns 63,400 shares of the company’s stock worth $1,939,000 after purchasing an additional 3,200 shares in the last quarter. 55.23% of the stock is owned by institutional investors.
A number of analysts have recently commented on WWE shares. Citigroup cut WWE from a “buy” rating to a “neutral” rating in a research report on Friday, December 22nd. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price (up previously from $38.00) on shares of WWE in a research report on Wednesday, March 7th. Guggenheim set a $40.00 target price on WWE and gave the stock a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research cut WWE from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Finally, ValuEngine upgraded WWE from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $38.33.
Shares of WWE stock opened at $37.52 on Friday. The stock has a market capitalization of $2,785.08, a P/E ratio of 57.72 and a beta of 0.88. WWE has a 52-week low of $19.12 and a 52-week high of $39.09. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.77 and a current ratio of 2.83.
WWE (NYSE:WWE) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The firm had revenue of $211.60 million for the quarter, compared to analysts’ expectations of $208.51 million. WWE had a return on equity of 20.50% and a net margin of 4.07%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. equities research analysts forecast that WWE will post 0.83 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Thursday, March 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.28%. The ex-dividend date was Wednesday, March 14th. WWE’s dividend payout ratio (DPR) is presently 73.85%.
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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