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

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.38 per share on Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, March 14th.

TKO Group has a dividend payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Equities 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 $3.00 during trading on Monday, reaching $147.64. The company's stock had a trading volume of 1,209,703 shares, compared to its average volume of 1,193,348. The stock has a market capitalization of $25.21 billion, a PE ratio of -351.52 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a fifty day moving average of $153.42 and a 200 day moving average of $135.55. TKO Group has a one year low of $78.69 and a one year high of $179.09.

Analyst Ratings Changes

A number of equities analysts have weighed in on TKO shares. Guggenheim upped their target price on TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday. Benchmark reiterated a "hold" rating on shares of TKO Group in a research report on Monday. Seaport Res Ptn lowered TKO Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Morgan Stanley increased their price objective on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Finally, Pivotal Research reiterated a "buy" rating and set a $195.00 price objective (up from $145.00) on shares of TKO Group in a research report on Thursday. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, TKO Group has a consensus rating of "Moderate Buy" and an average price target of $157.00.

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Insider Activity at TKO Group

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 stock was 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 approximately $315,816.50. This trade represents a 31.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell acquired 31,352 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the acquisition, the insider now owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. This trade represents a 1.91 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, 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 company insiders.

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.