Teacher Retirement System of Texas Takes $388,000 Position in World Wrestling Entertainment, Inc. (WWE)

Teacher Retirement System of Texas purchased a new stake in shares of World Wrestling Entertainment, Inc. (NYSE:WWE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,681 shares of the company’s stock, valued at approximately $388,000.

Several other large investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. boosted its position in shares of World Wrestling Entertainment by 25.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 15,230 shares of the company’s stock valued at $466,000 after buying an additional 3,080 shares during the last quarter. Comerica Bank boosted its position in shares of World Wrestling Entertainment by 66.1% during the fourth quarter. Comerica Bank now owns 68,442 shares of the company’s stock valued at $2,292,000 after buying an additional 27,235 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of World Wrestling Entertainment by 6.5% during the fourth quarter. Victory Capital Management Inc. now owns 37,585 shares of the company’s stock valued at $1,149,000 after buying an additional 2,281 shares during the last quarter. Engineers Gate Manager LP boosted its position in shares of World Wrestling Entertainment by 116.4% during the fourth quarter. Engineers Gate Manager LP now owns 91,119 shares of the company’s stock valued at $2,786,000 after buying an additional 49,014 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of World Wrestling Entertainment during the fourth quarter valued at $324,000. Hedge funds and other institutional investors own 55.29% of the company’s stock.

How to Become a New Pot Stock Millionaire

In other news, CEO Vincent K. Mcmahon sold 3,340,000 shares of World Wrestling Entertainment stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $28.68, for a total transaction of $95,791,200.00. Following the transaction, the chief executive officer now directly owns 3,340,000 shares of the company’s stock, valued at approximately $95,791,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Blake Timothy Bilstad sold 1,419 shares of World Wrestling Entertainment stock in a transaction dated Sunday, February 11th. The shares were sold at an average price of $35.53, for a total value of $50,417.07. Following the transaction, the senior vice president now directly owns 24,121 shares in the company, valued at $857,019.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,343,419 shares of company stock worth $95,915,017. Insiders own 45.10% of the company’s stock.

World Wrestling Entertainment stock opened at $36.98 on Monday. The stock has a market capitalization of $2,852.97, a PE ratio of 90.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.83 and a quick ratio of 2.77. World Wrestling Entertainment, Inc. has a 12-month low of $19.12 and a 12-month high of $39.09.

World Wrestling Entertainment (NYSE:WWE) last announced its earnings results on Thursday, February 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $211.60 million for the quarter, compared to analysts’ expectations of $208.51 million. World Wrestling Entertainment had a return on equity of 20.50% and a net margin of 4.07%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. equities analysts anticipate that World Wrestling Entertainment, Inc. will post 0.83 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.30%. World Wrestling Entertainment’s payout ratio is currently 117.08%.

WWE has been the topic of several recent analyst reports. Citigroup cut World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a research report on Friday, December 22nd. Guggenheim set a $40.00 price objective on World Wrestling Entertainment and gave the company a “buy” rating in a research report on Thursday, January 11th. JPMorgan Chase & Co. started coverage on World Wrestling Entertainment in a research report on Wednesday, December 6th. They set an “overweight” rating on the stock. Zacks Investment Research cut World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Finally, Needham & Company LLC raised their target price on World Wrestling Entertainment from $25.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. World Wrestling Entertainment currently has a consensus rating of “Buy” and an average target price of $38.89.

COPYRIGHT VIOLATION NOTICE: “Teacher Retirement System of Texas Takes $388,000 Position in World Wrestling Entertainment, Inc. (WWE)” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.com-unik.info/2018/03/19/teacher-retirement-system-of-texas-takes-388000-position-in-world-wrestling-entertainment-inc-wwe.html.

World Wrestling Entertainment Profile

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.

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

Receive News & Ratings for World Wrestling Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Wrestling Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit