Company shares are trading at $26.53 which is significantly higher than the 50 day moving average which is $23.06 and which is impressively higher than the 200 day moving average of $21.40. The 50 day moving average was up $3.47 and the 200 day average was up $5.13. Trading volume for World Wrestling Entertainment, was 1,065K in the last trading session. Volume was up 56.92% over the stocks average daily volume.
Investors are feeling more bullish on shares of the company recently as indicated by the decrease in short interest. The firm saw a fall in short interest between September 29, 2017 and October 13, 2017 of -5.26%. Short interest decreased 283,211 over that timeframe. The days to cover decreased to 10.0 and the short interest percentage is 0.07% as of October 13.
World Wrestling Entertainment, (NYSE:WWE) has been the object of insider selling activity recently. Mark Kowal, SVP; Controller; CAO reported the sale of 2,275 shares of (WWE). The shares were purchased at an average price of $21.99. Kowal now owns $324,045 of the stock per the Form 4 SEC filing.
These funds have shifted positions in (WWE). As of the end of the quarter Aperio Group, LLC had sold a total of 157 shares trimming its stake by 1.5%. The value of the total investment in World Wrestling Entertainment, increased from $213,000 to $243,000 increasing 14.1% since the last quarter. As of quarter end Simplex Trading, LLC had disposed of 395 shares trimming its holdings by 81.4%. The value in dollars went from $9,000 to $2,000 a change of 77.8% quarter over quarter.
As of the end of the quarter Artemis Investment Management Llp had disposed of a total of 90,000 shares trimming its position 20.3%. The value of the company’s investment in World Wrestling Entertainment, decreased from $9,024,000 to $8,321,000 a change of $703,000 quarter to quarter. Lindsell Train Ltd expanded its holdings by buying 150,000 shares an increase of 2.1%. Lindsell Train Ltd owns 7,232,868 shares with a value of $170,334,000. The total value of its holdings increased 18.1%.
The company is so far trading up since yesterday’s close of $26.53. World Wrestling Entertainment, also announced a dividend that will be paid on Tue Dec 26, 2017. The dividend will be $0.120 per share for the quarter or $0.48 annualized. This dividend represents a yield of $1.97. The ex-dividend date is as of Thursday September 14th, 2017.
The P/E ratio is currently 80.88 and the market cap of the company is 2.05B. As of the latest earnings report the EPS was $0.33 and is projected to be $0.49 for the current year with 77,102,000 shares presently outstanding. Next quarter’s EPS is expected be $0.09 with next year’s EPS anticipated to be $0.62.
World Wrestling Entertainment, Inc. (WWE), launched on July 28, 1987, is an integrated media and entertainment company. The Business’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. The Company is involved 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. Its Network, Television, Home Entertainment and Digital Media are individual segments that comprise the Media Division. Its Live Events, Licensing, Venue Merchandise and WWEShop are individual segments that comprise the Consumer Products Division..