TKO Group Holdings, Inc. (NYSE:TKO) Declares Quarterly Dividend of $0.79

TKO Group Holdings, Inc. (NYSE:TKO) declared a quarterly dividend on Thursday, June 4th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.79 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. This is a 1.3% increase from TKO Group’s previous quarterly dividend of $0.78.

TKO Group has raised its dividend by an average of 0.4%annually over the last three years. TKO Group has a payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TKO Group to earn $5.56 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 56.1%.

TKO Group Price Performance

Shares of TKO stock traded up $4.12 during mid-day trading on Thursday, hitting $202.69. 1,094,893 shares of the stock traded hands, compared to its average volume of 1,228,448. TKO Group has a twelve month low of $152.29 and a twelve month high of $226.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The company’s 50-day simple moving average is $192.32 and its 200-day simple moving average is $199.76. The firm has a market cap of $39.35 billion, a price-to-earnings ratio of 75.63 and a beta of 0.59.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. As a group, equities research analysts expect that TKO Group will post 4.96 earnings per share for the current year.

Insiders Place Their Bets

In other TKO Group news, Director Nick Khan sold 9,518 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the transaction, the director owned 91,100 shares in the company, valued at $16,943,689. This trade represents a 9.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ariel Emanuel purchased 10,805 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the transaction, the chief executive officer owned 154,655 shares of the company’s stock, valued at approximately $28,625,093.95. This trade represents a 7.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 24,308 shares of company stock worth $4,499,679 and sold 19,290 shares worth $3,711,017. 64.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TKO. DV Trading LLC boosted its holdings in TKO Group by 5,900.0% during the first quarter. DV Trading LLC now owns 1,200 shares of the company’s stock valued at $242,000 after acquiring an additional 1,180 shares during the period. Glenmede Trust Co. NA bought a new position in shares of TKO Group in the first quarter worth about $204,000. Bank of America Corp DE lifted its position in shares of TKO Group by 22.5% during the 1st quarter. Bank of America Corp DE now owns 1,393,727 shares of the company’s stock worth $281,045,000 after purchasing an additional 256,305 shares during the last quarter. MSA Advisors LLC bought a new stake in TKO Group during the 1st quarter valued at approximately $166,000. Finally, EverSource Wealth Advisors LLC boosted its stake in TKO Group by 55.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,246 shares of the company’s stock valued at $251,000 after purchasing an additional 445 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

About TKO Group

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.