Todays Report: Today, Mason Street Advisors LLC Acquires New Position in World Wrestling Entertainment Inc. (WWE)

Today, Mason Street Advisors LLC Acquires New Position in World Wrestling Entertainment Inc. (WWE)

Mason Street Advisors LLC acquired a new position in World Wrestling Entertainment Inc. (NYSE:WWE) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,698 shares of the company’s stock, valued at approximately $123,000.

A number of other large investors have also recently made changes to their positions in WWE. Arizona State Retirement System increased its stake in shares of World Wrestling Entertainment by 1.1% in the second quarter. Arizona State Retirement System now owns 17,800 shares of the company’s stock worth $328,000 after buying an additional 200 shares during the last quarter. Barclays PLC increased its stake in World Wrestling Entertainment by 0.6% in the first quarter. Barclays PLC now owns 47,770 shares of the company’s stock worth $812,000 after buying an additional 274 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in World Wrestling Entertainment by 1.2% in the second quarter. Gamco Investors INC. ET AL now owns 42,600 shares of the company’s stock worth $784,000 after buying an additional 500 shares during the last quarter. American International Group Inc. increased its stake in World Wrestling Entertainment by 3.0% in the second quarter. American International Group Inc. now owns 26,582 shares of the company’s stock worth $489,000 after buying an additional 780 shares during the last quarter. Finally, First Manhattan Co. increased its stake in World Wrestling Entertainment by 5.1% in the second quarter. First Manhattan Co. now owns 16,717 shares of the company’s stock worth $307,000 after buying an additional 813 shares during the last quarter. Hedge funds and other institutional investors own 47.53% of the company’s stock.

World Wrestling Entertainment Inc. (NYSE:WWE) opened at 19.98 on Tuesday. World Wrestling Entertainment Inc. has a 12-month low of $14.20 and a 12-month high of $21.55. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 64.24 and a beta of 0.76. The firm’s 50-day moving average is $20.41 and its 200 day moving average is $18.89.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.02. World Wrestling Entertainment had a net margin of 3.40% and a return on equity of 13.38%. The company had revenue of $199 million for the quarter, compared to the consensus estimate of $182.56 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. The company’s quarterly revenue was up 32.5% on a year-over-year basis. On average, equities analysts expect that World Wrestling Entertainment Inc. will post $0.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Thursday, September 15th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Tuesday, September 13th. World Wrestling Entertainment’s dividend payout ratio is presently 154.84%.

WWE has been the topic of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of World Wrestling Entertainment in a research note on Wednesday, June 29th. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, July 5th. Wells Fargo & Co. restated a “buy” rating on shares of World Wrestling Entertainment in a research note on Tuesday, July 12th. Benchmark Co. restated a “buy” rating and issued a $21.86 price target on shares of World Wrestling Entertainment in a research note on Monday, August 1st. Finally, Pacific Crest restated an “overweight” rating and issued a $22.00 price target on shares of World Wrestling Entertainment in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. World Wrestling Entertainment has a consensus rating of “Buy” and a consensus target price of $21.54.

In related news, SVP Mark Kowal sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $20.92, for a total value of $135,980.00. Following the transaction, the senior vice president now directly owns 21,072 shares in the company, valued at $440,826.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Casey Collins sold 11,071 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $20.21, for a total transaction of $223,744.91. Following the completion of the transaction, the executive vice president now owns 37,956 shares in the company, valued at $767,090.76. The disclosure for this sale can be found here. Insiders own 55.10% of the company’s stock.

World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc (WWE) is a media and entertainment company. 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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