World Wrestling Entertainment, Inc. (WWE) Position Held by Alliancebernstein L.P.

Alliancebernstein L.P. continued to hold its stake in World Wrestling Entertainment, Inc. (NYSE:WWE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,400 shares of the company’s stock at the end of the 2nd quarter. Alliancebernstein L.P. owned approximately 0.06% of World Wrestling Entertainment worth $904,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Lindsell Train Ltd increased its position in World Wrestling Entertainment by 4.2% in the 2nd quarter. Lindsell Train Ltd now owns 7,082,868 shares of the company’s stock valued at $144,278,000 after buying an additional 286,635 shares in the last quarter. BlackRock Inc. increased its position in World Wrestling Entertainment by 116,814.6% in the 1st quarter. BlackRock Inc. now owns 4,426,388 shares of the company’s stock valued at $98,355,000 after buying an additional 4,422,602 shares in the last quarter. Eagle Boston Investment Management Inc. increased its position in World Wrestling Entertainment by 100.8% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 916,673 shares of the company’s stock valued at $19,516,000 after buying an additional 460,117 shares in the last quarter. State Street Corp increased its position in World Wrestling Entertainment by 9.3% in the 1st quarter. State Street Corp now owns 826,608 shares of the company’s stock valued at $18,368,000 after buying an additional 70,057 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in World Wrestling Entertainment by 84.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 414,161 shares of the company’s stock valued at $8,436,000 after buying an additional 189,486 shares in the last quarter. 49.47% of the stock is owned by institutional investors and hedge funds.

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In other World Wrestling Entertainment news, CRO Michelle D. Wilson sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $21.25, for a total transaction of $1,168,750.00. Following the completion of the transaction, the executive now owns 436,174 shares of the company’s stock, valued at $9,268,697.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin Dunn sold 72,286 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $20.81, for a total transaction of $1,504,271.66. Following the transaction, the insider now directly owns 379,559 shares of the company’s stock, valued at approximately $7,898,622.79. The disclosure for this sale can be found here. Insiders have sold 159,848 shares of company stock valued at $3,376,233 in the last ninety days. Insiders own 49.80% of the company’s stock.

World Wrestling Entertainment, Inc. (NYSE WWE) opened at 26.09 on Monday. World Wrestling Entertainment, Inc. has a 1-year low of $16.77 and a 1-year high of $26.25. The firm has a market cap of $2.01 billion, a P/E ratio of 79.54 and a beta of 0.84. The firm’s 50-day moving average price is $22.82 and its 200-day moving average price is $21.34.

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 the Zacks’ consensus estimate of $0.20 by $0.08. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The business had revenue of $186.40 million during the quarter, compared to the consensus estimate of $176.19 million. During the same quarter last year, the firm earned $0.14 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities research analysts anticipate that World Wrestling Entertainment, Inc. will post $0.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, December 14th. World Wrestling Entertainment’s dividend payout ratio is 106.67%.

A number of analysts recently commented on the company. ValuEngine raised World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. KeyCorp reaffirmed a “hold” rating on shares of World Wrestling Entertainment in a research report on Tuesday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of World Wrestling Entertainment in a research report on Tuesday, September 26th. Finally, BidaskClub lowered World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $24.38.

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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