Key Points
- CFO Shane Kapral sold 254 shares on Dec. 15 at $206.44 — the fifth consecutive weekly sale of 254 shares (Nov. 17, 24; Dec. 1, 8, 15), totaling 1,270 shares for roughly $245,000 and the latest transaction cut his stake by 16.71%, leaving him with 1,266 shares.
- TKO recently missed quarterly EPS estimates ($0.47 vs. $0.58) with revenue down 27.3% year-over-year, yet the company raised its quarterly dividend to $0.78 (annualized $3.12, yield ~1.5%) despite a dividend payout ratio of 119.54% and has authorized a $1 billion buyback (about 2.5% of shares).
TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) CFO Shane Kapral sold 254 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $206.44, for a total transaction of $52,435.76. Following the sale, the chief financial officer directly owned 1,266 shares in the company, valued at $261,353.04. This trade represents a 16.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shane Kapral also recently made the following trade(s):
- On Monday, December 8th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $202.41, for a total transaction of $51,412.14.
- On Monday, December 1st, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $192.82, for a total transaction of $48,976.28.
- On Monday, November 24th, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $178.32, for a total value of $45,293.28.
- On Monday, November 17th, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $183.56, for a total value of $46,624.24.
TKO Group Stock Performance
NYSE TKO opened at $211.13 on Wednesday. The stock has a market capitalization of $41.19 billion, a price-to-earnings ratio of 80.89 and a beta of 0.65. The stock has a 50-day moving average of $189.97 and a 200 day moving average of $183.96. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. TKO Group Holdings, Inc. has a twelve month low of $133.07 and a twelve month high of $213.23.
TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.11). The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The firm's quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Sell-side analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.
TKO Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be given a dividend of $0.78 per share. This is a boost from TKO Group's previous quarterly dividend of $0.76. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, December 15th. TKO Group's dividend payout ratio (DPR) is currently 119.54%.
TKO Group declared that its board has authorized a share buyback program on Monday, September 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on TKO. UBS Group lifted their target price on shares of TKO Group from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. BTIG Research reaffirmed a "buy" rating and issued a $235.00 price target on shares of TKO Group in a research note on Tuesday, November 18th. Morgan Stanley lifted their price objective on TKO Group from $165.00 to $205.00 and gave the stock an "equal weight" rating in a report on Thursday, September 25th. Arete Research upgraded TKO Group to a "hold" rating in a research note on Wednesday, October 15th. Finally, Pivotal Research raised their target price on TKO Group from $225.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $224.67.
Check Out Our Latest Report on TKO Group
Hedge Funds Weigh In On TKO Group
A number of institutional investors and hedge funds have recently bought and sold shares of TKO. Price T Rowe Associates Inc. MD lifted its position in TKO Group by 242.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company's stock worth $228,675,000 after buying an additional 1,059,636 shares in the last quarter. State Street Corp grew its holdings in TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company's stock valued at $1,060,106,000 after buying an additional 887,401 shares in the last quarter. Norges Bank acquired a new stake in shares of TKO Group in the 2nd quarter worth $132,441,000. Ninety One UK Ltd increased its stake in shares of TKO Group by 14.4% in the 2nd quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company's stock worth $882,459,000 after acquiring an additional 611,233 shares during the last quarter. Finally, Congress Asset Management Co. purchased a new position in shares of TKO Group during the 2nd quarter worth $82,056,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.
TKO Group Company Profile
(
Get Free Report)
TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.
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