Shares of World Wrestling Entertainment, Inc. (NYSE:WWE – Get Ratings ) has been assigned a consensus rating of “Hold” from the thirteen research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $79.20.
A number of brokerages have commented on WWE. StockNews.com began coverage on World Wrestling Entertainment in a research report on Wednesday, October 12. They issued the company a “hold” rating. Morgan Stanley lifted their price objective on World Wrestling Entertainment from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 29th. Northcoast Research lowered World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a research note on Thursday, August 18th. They noted that this move was a call of appreciation. MKM Associates upped their price objective on World Wrestling Entertainment from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, October 19th. Finally, Citigroup upped their price objective to World Wrestling Entertainment reached $86.00 in a research note on Tuesday, November 15th.
World Wrestling Entertainment Stock Performance
Shares of WWE opened at $75.41 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt ratio of 0.82. The business has a 50-day moving average of $76.97 and a two-hundred-day moving average of $70.55. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 29.00 and a beta of 1.09. World Wrestling Entertainment has a 52 week low of $46.91 and a 52 week high of $81.63.
World Wrestling Entertainment Introduces The Division
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 27th. Investors of record on Thursday, December 15th will be paid a dividend of 0.12 per share. This pays dividends of $0.48 on an annualized basis and a yield of 0.64%. The ex-dividend date for this distribution is Wednesday, December 14th. World Wrestling Entertainment’s payout ratio is 18.46%.
Hedge Funds Have a Hard Time Entertaining the World of Entertainment
Hedge funds and other institutional investors recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in shares of World Wrestling Entertainment by 84.4% in the 3rd quarter. Allworth Financial LP now owns 402 shares of the company’s stock worth $28,000 after buying an additional 184 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of World Wrestling Entertainment in the 3rd quarter worth approximately $32,000. Parallel Advisors LLC lifted 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 purchasing an additional 156 shares in the last quarter. WD Rutherford LLC bought a new stake in shares of World Wrestling Entertainment in the 3rd quarter worth about $51,000. Finally, Assetmark Inc. bought a new stake in shares of World Wrestling Entertainment in the 2nd quarter worth about $52,000. 69.94% of the stock is owned by institutional investors.
About World Wrestling Entertainment
(Get a quote)
World Wrestling Entertainment, Inc, an integrated media and entertainment company, is involved in the sports entertainment industry in North America, Europe, the Middle East, Africa, Asia Pacific, and Latin America. It operates through three divisions: Media, Live Events, and Consumer Products. The Media division is involved in the production and monetization of long-form and short-form video content across a variety of platforms, including the WWE Network, broadcast and pay television, as well as digital and social media, as well as filmed entertainment.
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