Piedmont Investment Advisors LLC Buys Shares of 8,530 World Wrestling Entertainment, Inc. (WWE)

Piedmont Investment Advisors LLC bought a new stake in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,530 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds have also added to or reduced their stakes in WWE. Dimensional Fund Advisors LP grew its holdings in World Wrestling Entertainment by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 201,452 shares of the company’s stock worth $4,476,000 after acquiring an additional 2,186 shares during the last quarter. Aperio Group LLC grew its holdings in World Wrestling Entertainment by 2.1% in the 2nd quarter. Aperio Group LLC now owns 10,469 shares of the company’s stock worth $213,000 after acquiring an additional 220 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in World Wrestling Entertainment by 43.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,620 shares of the company’s stock worth $257,000 after acquiring an additional 3,830 shares during the last quarter. NGAM Advisors L.P. bought a new stake in World Wrestling Entertainment in the 2nd quarter worth $207,000. Finally, Great West Life Assurance Co. Can grew its holdings in World Wrestling Entertainment by 4.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 54,053 shares of the company’s stock worth $1,101,000 after acquiring an additional 2,524 shares during the last quarter. 49.75% of the stock is currently owned by institutional investors.

Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) opened at $32.92 on Tuesday. The firm has a market cap of $2,499.04, a PE ratio of 61.15, a PEG ratio of 2.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.62 and a current ratio of 2.68. World Wrestling Entertainment, Inc. has a 52 week low of $18.00 and a 52 week high of $33.01.

World Wrestling Entertainment (NYSE:WWE) last announced its earnings results on Thursday, October 26th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $186.40 million for the quarter, compared to analyst estimates of $176.19 million. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. sell-side analysts forecast that World Wrestling Entertainment, Inc. will post 0.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 15th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.46%. World Wrestling Entertainment’s dividend payout ratio (DPR) is currently 106.67%.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a report on Monday, October 30th. ValuEngine raised shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a report on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of World Wrestling Entertainment in a report on Tuesday, October 17th. Benchmark raised their price target on shares of World Wrestling Entertainment from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, FBN Securities lowered shares of World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a report on Monday, October 30th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.25.

In related news, SVP Blake Timothy Bilstad sold 1,801 shares of World Wrestling Entertainment stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $26.40, for a total transaction of $47,546.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 49.80% of the company’s stock.

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About World Wrestling Entertainment

World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.

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

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