World Wrestling Entertainment, Inc. (NYSE:WWE) Position Boosted by Lazard Asset Management LLC

Lazard Asset Management LLC raised its holdings in shares of World Wrestling Entertainment, Inc. (NYSE:WWEGet Rating) by 23.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,463 shares of the company’s stock after acquiring an additional 278 shares during the quarter. Lazard Asset Management LLC’s holdings in World Wrestling Entertainment were worth $91,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its stake in World Wrestling Entertainment by 270.3% during the 1st quarter. Quadrant Capital Group LLC now owns 437 shares of the company’s stock valued at $27,000 after acquiring an additional 319 shares in the last quarter. Signaturefd LLC grew its stake in shares of World Wrestling Entertainment by 67.6% in the 1st quarter. Signaturefd LLC now owns 491 shares of the company’s stock valued at $31,000 after buying an additional 198 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of World Wrestling Entertainment by 26.5% in the 2nd quarter. Parallel Advisors LLC now owns 745 shares of the company’s stock valued at $47,000 after buying an additional 156 shares in the last quarter. Assetmark Inc. bought a new stake in shares of World Wrestling Entertainment in the 2nd quarter valued at approximately $52,000. Finally, US Bancorp DE grew its stake in shares of World Wrestling Entertainment by 55.9% in the 1st quarter. US Bancorp DE now owns 957 shares of the company’s stock valued at $59,000 after buying an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 69.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WWE. Loop Capital raised World Wrestling Entertainment from a “hold” rating to a “buy” rating and lowered their price target for the company from $159.00 to $90.00 in a research note on Wednesday, August 3rd. Wolfe Research raised World Wrestling Entertainment from a “peer perform” rating to an “outperform” rating and set a $98.00 price target for the company in a research note on Thursday, September 8th. Citigroup boosted their price target on World Wrestling Entertainment to $86.00 in a research note on Tuesday, November 15th. StockNews.com started coverage on World Wrestling Entertainment in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Barclays boosted their target price on World Wrestling Entertainment from $61.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, World Wrestling Entertainment presently has a consensus rating of “Hold” and a consensus target price of $78.70.

World Wrestling Entertainment Stock Up 1.1 %

Shares of WWE stock opened at $80.43 on Thursday. World Wrestling Entertainment, Inc. has a 12 month low of $46.91 and a 12 month high of $80.98. The firm has a market cap of $5.98 billion, a PE ratio of 30.93 and a beta of 1.11. The stock has a 50 day moving average of $74.35 and a 200-day moving average of $68.77. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.82.

World Wrestling Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 27th. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend 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 (DPR) is presently 18.46%.

About World Wrestling Entertainment

(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.

See Also

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

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