World Wrestling Entertainment, Inc. (WWE) Position Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its position in World Wrestling Entertainment, Inc. (NYSE:WWE) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 201,196 shares of the company’s stock after buying an additional 9,355 shares during the period. Ameriprise Financial Inc. owned approximately 0.26% of World Wrestling Entertainment worth $4,471,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in World Wrestling Entertainment by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the company’s stock worth $349,000 after buying an additional 200 shares in the last quarter. New York State Teachers Retirement System raised its stake 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 worth $270,000 after buying an additional 1,300 shares in the last quarter. Comerica Bank raised its stake in World Wrestling Entertainment by 3.9% in the first quarter. Comerica Bank now owns 42,417 shares of the company’s stock worth $913,000 after buying an additional 1,603 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in World Wrestling Entertainment by 10.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,700 shares of the company’s stock worth $381,000 after buying an additional 1,880 shares in the last quarter. Finally, North Star Investment Management Corp. raised its stake in World Wrestling Entertainment by 3.3% in the first quarter. North Star Investment Management Corp. now owns 63,000 shares of the company’s stock worth $1,400,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Shares of World Wrestling Entertainment, Inc. (WWE) traded down 2.33% during midday trading on Friday, hitting $21.38. 3,898,306 shares of the company traded hands. World Wrestling Entertainment, Inc. has a 52 week low of $16.77 and a 52 week high of $23.14. The company has a 50-day moving average price of $20.80 and a 200-day moving average price of $20.73. The stock has a market capitalization of $1.64 billion, a P/E ratio of 64.98 and a beta of 0.82.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. World Wrestling Entertainment had a net margin of 3.29% and a return on equity of 13.07%. The firm had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $209.28 million. During the same quarter in the prior year, the company earned $0.01 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that World Wrestling Entertainment, Inc. will post $0.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 2.25%. World Wrestling Entertainment’s payout ratio is 154.84%.

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A number of analysts have recently weighed in on the stock. ValuEngine lowered shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Morgan Stanley assumed coverage on shares of World Wrestling Entertainment in a report on Friday, June 30th. They set an “equal weight” rating and a $23.00 target price for the company. TheStreet upgraded shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a report on Thursday, May 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of World Wrestling Entertainment in a report on Tuesday, April 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.98.

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.

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

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