TKO Group Holdings, Inc. (NYSE:TKO) Plans Quarterly Dividend of $0.38

TKO Group Holdings, Inc. (NYSE:TKO) announced a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.38 per share on Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th.

TKO Group has a dividend payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect TKO Group to earn $3.15 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 48.3%.

TKO Group Price Performance

NYSE:TKO traded down $7.87 during trading hours on Thursday, reaching $151.68. 3,935,037 shares of the company’s stock were exchanged, compared to its average volume of 1,188,919. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $25.90 billion, a P/E ratio of -361.13 and a beta of 1.06. TKO Group has a 12 month low of $78.69 and a 12 month high of $179.09. The business’s 50-day simple moving average is $153.00 and its two-hundred day simple moving average is $134.78.

Insider Buying and Selling

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the sale, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. This represents a 31.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Whitesell purchased 31,352 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the completion of the acquisition, the insider now owns 1,674,322 shares in the company, valued at $237,803,953.66. This represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TKO has been the subject of several research reports. Seaport Res Ptn lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Guggenheim upped their target price on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Morgan Stanley upped their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, The Goldman Sachs Group raised their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Company Profile

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.