World Wrestling Entertainment, Inc. (NYSE:WWE) Shares Acquired by Lindsell Train Ltd

Lindsell Train Ltd increased its holdings in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) by 6.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 11,075,514 shares of the company’s stock after purchasing an additional 659,276 shares during the period. World Wrestling Entertainment accounts for about 8.5% of Lindsell Train Ltd’s investment portfolio, making the stock its 6th biggest holding. Lindsell Train Ltd owned 0.15% of World Wrestling Entertainment worth $600,957,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. JJJ Advisors Inc. lifted its holdings in World Wrestling Entertainment by 170.7% during the 1st quarter. JJJ Advisors Inc. now owns 536 shares of the company’s stock worth $29,000 after buying an additional 338 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new position in World Wrestling Entertainment in the first quarter valued at $30,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of World Wrestling Entertainment during the fourth quarter worth about $53,000. Whittier Trust Co. increased its position in shares of World Wrestling Entertainment by 400.0% during the first quarter. Whittier Trust Co. now owns 2,500 shares of the company’s stock worth $136,000 after purchasing an additional 2,000 shares in the last quarter. Finally, The PNC Financial Services Group Inc. lifted its holdings in shares of World Wrestling Entertainment by 71.7% in the 1st quarter. The PNC Financial Services Group Inc. now owns 3,268 shares of the company’s stock valued at $178,000 after purchasing an additional 1,365 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

In other World Wrestling Entertainment news, EVP Paul Levesque sold 37,115 shares of the stock in a transaction on Tuesday, April 27th. The shares were sold at an average price of $55.60, for a total transaction of $2,063,594.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 41.10% of the stock is currently owned by company insiders.

WWE has been the subject of a number of analyst reports. Cfra downgraded shares of World Wrestling Entertainment to a “sell” rating and set a $45.00 price objective for the company. in a research report on Friday, April 9th. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating and set a $62.00 price objective for the company in a research report on Monday, April 12th. Needham & Company LLC reiterated a “buy” rating and set a $65.00 target price on shares of World Wrestling Entertainment in a research report on Friday, April 23rd. Finally, Morgan Stanley raised their price target on World Wrestling Entertainment from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, April 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $56.92.

Shares of WWE stock traded down $2.12 on Friday, hitting $62.76. The stock had a trading volume of 4,621 shares, compared to its average volume of 1,088,332. The business has a 50 day simple moving average of $56.05. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 36.86 and a beta of 1.50. World Wrestling Entertainment, Inc. has a 52-week low of $35.44 and a 52-week high of $70.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.51 and a quick ratio of 1.49.

World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings data on Thursday, April 22nd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.28. World Wrestling Entertainment had a net margin of 15.78% and a return on equity of 40.49%. The company had revenue of $263.50 million during the quarter, compared to analysts’ expectations of $259.60 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. Sell-side analysts expect that World Wrestling Entertainment, Inc. will post 1.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Stockholders of record on Tuesday, June 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Monday, June 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is currently 28.57%.

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

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