World Wrestling Entertainment, Inc. (NYSE:WWE) Receives $78.70 Consensus PT from Analysts

Shares of World Wrestling Entertainment, Inc. (NYSE:WWEGet Rating) have received an average recommendation of “Hold” from the thirteen analysts that are covering the company, Marketbeat Ratings 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 1-year price target among brokers that have issued a report on the stock in the last year is $78.70.

Several research firms recently commented on WWE. Benchmark boosted their price objective on shares of World Wrestling Entertainment from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. MKM Partners boosted their price objective on shares of World Wrestling Entertainment from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, October 19th. Northcoast Research downgraded 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. Citigroup boosted their target price on shares of World Wrestling Entertainment to $86.00 in a research report on Tuesday, November 15th. Finally, StockNews.com initiated coverage on shares of World Wrestling Entertainment in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

Institutional Trading of World Wrestling Entertainment

Several large investors have recently made changes to their positions in WWE. Ninety One UK Ltd purchased a new stake in shares of World Wrestling Entertainment in the 1st quarter valued at $70,536,000. Principal Financial Group Inc. lifted its stake in shares of World Wrestling Entertainment by 188.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,164,418 shares of the company’s stock valued at $72,765,000 after purchasing an additional 760,365 shares during the period. Renaissance Technologies LLC lifted its stake in shares of World Wrestling Entertainment by 112.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,227,200 shares of the company’s stock valued at $76,688,000 after purchasing an additional 648,300 shares during the period. Victory Capital Management Inc. lifted its stake in shares of World Wrestling Entertainment by 105.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,169,685 shares of the company’s stock valued at $73,094,000 after purchasing an additional 599,937 shares during the period. Finally, Samlyn Capital LLC acquired a new position in shares of World Wrestling Entertainment in the 3rd quarter valued at $41,743,000. 69.94% of the stock is owned by hedge funds and other institutional investors.

World Wrestling Entertainment Trading Up 1.1 %

NYSE WWE opened at $80.43 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.82. The firm has a market cap of $5.98 billion, a PE ratio of 30.93 and a beta of 1.11. The company has a 50 day moving average price of $74.60 and a 200 day moving average price of $68.85. World Wrestling Entertainment has a 52 week low of $46.91 and a 52 week high of $80.98.

World Wrestling Entertainment Dividend Announcement

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

World Wrestling Entertainment Company 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.

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Analyst Recommendations for World Wrestling Entertainment (NYSE:WWE)

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