Two Sigma Advisers LP raised its stake in shares of WWE (NYSE:WWE) by 28.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,947 shares of the company’s stock after buying an additional 6,400 shares during the quarter. Two Sigma Advisers LP’s holdings in WWE were worth $885,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of WWE. Bank of New York Mellon Corp grew its holdings in WWE by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 607,156 shares of the company’s stock valued at $14,298,000 after buying an additional 20,152 shares in the last quarter. Legal & General Group Plc grew its holdings in WWE by 3.6% during the 3rd quarter. Legal & General Group Plc now owns 71,873 shares of the company’s stock valued at $1,691,000 after buying an additional 2,497 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in WWE by 22.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 270,858 shares of the company’s stock valued at $6,379,000 after buying an additional 48,830 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in WWE during the 3rd quarter valued at about $176,000. Finally, Piedmont Investment Advisors LLC purchased a new position in WWE during the 3rd quarter valued at about $201,000. 55.24% of the stock is owned by institutional investors and hedge funds.
WWE has been the subject of a number of recent analyst reports. ValuEngine raised WWE from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Citigroup lowered WWE from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $29.00 to $33.00 in a report on Saturday, December 30th. Zacks Investment Research lowered WWE from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Benchmark reissued a “buy” rating and set a $40.00 price objective (up previously from $28.00) on shares of WWE in a report on Friday, February 9th. Finally, MKM Partners reissued a “buy” rating and set a $44.00 price objective (up previously from $41.00) on shares of WWE in a report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.00.
WWE (NYSE:WWE) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. WWE had a return on equity of 20.50% and a net margin of 4.07%. The company had revenue of $211.60 million during the quarter, compared to analyst estimates of $208.51 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. WWE’s revenue was up 8.6% on a year-over-year basis. sell-side analysts anticipate that WWE will post 0.84 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Thursday, March 15th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.24%. The ex-dividend date was Wednesday, March 14th. WWE’s dividend payout ratio is currently 73.85%.
In other WWE news, SVP Blake Timothy Bilstad sold 1,419 shares of the company’s stock in a transaction that occurred on Sunday, February 11th. The stock was sold at an average price of $35.53, for a total value of $50,417.07. Following the completion of the sale, the senior vice president now owns 24,121 shares of the company’s stock, valued at $857,019.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark Kowal sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $36.70, for a total value of $73,400.00. The disclosure for this sale can be found here. 45.10% of the stock is owned by corporate insiders.
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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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