Macquarie Group Ltd. reduced its stake in World Wrestling Entertainment, Inc. (NYSE:WWE) by 97.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 500 shares of the company’s stock after selling 22,197 shares during the period. Macquarie Group Ltd.’s holdings in World Wrestling Entertainment were worth $37,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WWE. United Services Automobile Association boosted its holdings in World Wrestling Entertainment by 15.9% in the 3rd quarter. United Services Automobile Association now owns 7,614 shares of the company’s stock valued at $737,000 after purchasing an additional 1,046 shares during the period. LPL Financial LLC bought a new stake in World Wrestling Entertainment in the 3rd quarter valued at $219,000. Deutsche Bank AG boosted its holdings in World Wrestling Entertainment by 63.6% in the 3rd quarter. Deutsche Bank AG now owns 268,738 shares of the company’s stock valued at $25,992,000 after purchasing an additional 104,452 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in World Wrestling Entertainment by 211.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 99,262 shares of the company’s stock valued at $9,601,000 after purchasing an additional 67,353 shares during the period. Finally, Man Group plc boosted its holdings in World Wrestling Entertainment by 0.7% in the 3rd quarter. Man Group plc now owns 118,642 shares of the company’s stock valued at $11,476,000 after purchasing an additional 852 shares during the period. 64.11% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider George A. Barrios sold 60,000 shares of World Wrestling Entertainment stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $81.52, for a total transaction of $4,891,200.00. Following the completion of the transaction, the insider now directly owns 287,103 shares of the company’s stock, valued at approximately $23,404,636.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider George A. Barrios sold 40,000 shares of World Wrestling Entertainment stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $83.80, for a total transaction of $3,352,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,304,427 shares of company stock valued at $269,243,779 over the last three months. 43.90% of the stock is currently owned by insiders.
NYSE:WWE opened at $96.71 on Friday. The stock has a market cap of $7.55 billion, a PE ratio of 86.35 and a beta of 1.36. World Wrestling Entertainment, Inc. has a 52 week low of $38.28 and a 52 week high of $99.25. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.08.
World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, February 7th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. World Wrestling Entertainment had a net margin of 10.71% and a return on equity of 34.02%. The company had revenue of $272.50 million during the quarter, compared to the consensus estimate of $255.01 million. During the same period last year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was up 28.8% compared to the same quarter last year. On average, equities research analysts expect that World Wrestling Entertainment, Inc. will post 1.24 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Friday, June 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.50%. The ex-dividend date is Thursday, June 13th. World Wrestling Entertainment’s dividend payout ratio is currently 42.86%.
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World Wrestling Entertainment Company Profile
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 in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.
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