Morgan Stanley Boosts Holdings in World Wrestling Entertainment, Inc. (WWE)

Morgan Stanley grew its position in World Wrestling Entertainment, Inc. (NYSE:WWE) by 84.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 408,210 shares of the company’s stock after purchasing an additional 187,290 shares during the quarter. Morgan Stanley’s holdings in World Wrestling Entertainment were worth $39,486,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Creative Planning boosted its stake in shares of World Wrestling Entertainment by 5.6% in the 3rd quarter. Creative Planning now owns 14,819 shares of the company’s stock valued at $1,433,000 after purchasing an additional 781 shares during the last quarter. Man Group plc boosted its stake in shares of 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 last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of World Wrestling Entertainment by 6.9% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 13,591 shares of the company’s stock valued at $990,000 after purchasing an additional 875 shares during the last quarter. United Services Automobile Association boosted its stake in shares of World Wrestling Entertainment by 16.3% in the 2nd quarter. United Services Automobile Association now owns 6,568 shares of the company’s stock valued at $478,000 after purchasing an additional 922 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its stake in shares of World Wrestling Entertainment by 38.3% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 4,231 shares of the company’s stock valued at $409,000 after purchasing an additional 1,172 shares during the last quarter. 59.90% of the stock is currently owned by institutional investors.

World Wrestling Entertainment stock opened at $78.99 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.23 and a current ratio of 1.26. World Wrestling Entertainment, Inc. has a 12-month low of $31.62 and a 12-month high of $97.69. The firm has a market cap of $6.16 billion, a P/E ratio of 121.52 and a beta of 0.98.

World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, October 25th. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.18. World Wrestling Entertainment had a net margin of 7.27% and a return on equity of 27.69%. The firm had revenue of $188.40 million for the quarter, compared to the consensus estimate of $203.08 million. On average, equities research analysts expect that World Wrestling Entertainment, Inc. will post 0.93 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 26th. Shareholders of record on Friday, December 14th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $0.48 annualized dividend and a yield of 0.61%. World Wrestling Entertainment’s payout ratio is 73.85%.

In other World Wrestling Entertainment news, CEO Vincent K. Mcmahon sold 306,000 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $74.73, for a total transaction of $22,867,380.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider George A. Barrios sold 37,500 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $64.99, for a total transaction of $2,437,125.00. Following the transaction, the insider now owns 394,407 shares in the company, valued at approximately $25,632,510.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 381,000 shares of company stock worth $27,952,380. Corporate insiders own 45.10% of the company’s stock.

A number of research firms have recently commented on WWE. Cannonball Research raised shares of World Wrestling Entertainment to a “buy” rating and set a $95.00 price objective on the stock in a research note on Thursday, October 11th. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $86.00 price objective on the stock in a research note on Sunday, January 6th. Wolfe Research initiated coverage on shares of World Wrestling Entertainment in a research report on Friday, December 7th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. boosted their target price on shares of World Wrestling Entertainment from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Sunday, December 9th. Finally, Loop Capital initiated coverage on shares of World Wrestling Entertainment in a research report on Friday, December 21st. They set a “hold” rating and a $85.00 target price on the stock. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $87.85.

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About World Wrestling Entertainment

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. The company operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios segments.

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

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