Swiss National Bank Sells 2,600 Shares of World Wrestling Entertainment, Inc. (NYSE:WWE)

Swiss National Bank decreased its holdings in World Wrestling Entertainment, Inc. (NYSE:WWEGet Rating) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,100 shares of the company’s stock after selling 2,600 shares during the quarter. Swiss National Bank’s holdings in World Wrestling Entertainment were worth $6,443,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WWE. Quadrant Capital Group LLC grew its stake in shares of World Wrestling Entertainment by 270.3% in the first quarter. Quadrant Capital Group LLC now owns 437 shares of the company’s stock worth $27,000 after purchasing an additional 319 shares during the last quarter. Signaturefd LLC boosted its position in World Wrestling Entertainment by 67.6% during the first quarter. Signaturefd LLC now owns 491 shares of the company’s stock valued at $31,000 after acquiring an additional 198 shares during the last quarter. Parallel Advisors LLC boosted its position in World Wrestling Entertainment by 26.5% during the second quarter. Parallel Advisors LLC now owns 745 shares of the company’s stock valued at $47,000 after acquiring an additional 156 shares during the last quarter. Assetmark Inc. bought a new stake in World Wrestling Entertainment during the second quarter valued at $52,000. Finally, US Bancorp DE boosted its position in World Wrestling Entertainment by 55.9% during the first quarter. US Bancorp DE now owns 957 shares of the company’s stock valued at $59,000 after acquiring an additional 343 shares during the last quarter. Institutional investors own 69.94% of the company’s stock.

World Wrestling Entertainment Trading Up 1.1 %

WWE opened at $80.43 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.46 and a quick ratio of 1.46. World Wrestling Entertainment, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $80.98. The firm has a market capitalization of $5.98 billion, a PE ratio of 30.93 and a beta of 1.11. The company’s 50-day moving average is $74.35 and its 200 day moving average is $68.77.

World Wrestling Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 27th. Investors of record on Thursday, December 15th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.60%. World Wrestling Entertainment’s dividend payout ratio is presently 18.46%.

Analysts Set New Price Targets

A number of analysts have commented on WWE shares. Northcoast Research cut shares of World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a research report on Thursday, August 18th. They noted that the move was a valuation call. Wells Fargo & Company upped their price target on shares of World Wrestling Entertainment from $47.00 to $50.00 and gave the company an “underweight” rating in a research report on Wednesday, August 17th. Wolfe Research raised shares of World Wrestling Entertainment from a “peer perform” rating to an “outperform” rating and set a $98.00 price target on the stock in a research report on Thursday, September 8th. Benchmark upped their price target on shares of World Wrestling Entertainment from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Finally, MKM Partners upped their price target on shares of World Wrestling Entertainment from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, World Wrestling Entertainment currently has an average rating of “Hold” and an average target price of $78.70.

World Wrestling Entertainment Profile

(Get Rating)

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.

Further Reading

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

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