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

TKO Group Holdings, Inc. (NYSE:TKO) 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 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, March 14th.

TKO Group has a 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 Stock Performance

Shares of TKO stock opened at $151.68 on Friday. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of -361.13 and a beta of 1.06. TKO Group has a 52-week low of $78.69 and a 52-week high of $179.09. 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’s 50 day moving average is $153.16 and its 200 day moving average is $134.89.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TKO. Guggenheim raised their price objective on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday. Pivotal Research reaffirmed a “buy” rating and issued a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research report on Thursday. Seaport Res Ptn cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. UBS Group upped their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Insider Buying and Selling

In other TKO Group news, major shareholder Patrick Whitesell acquired 31,352 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the acquisition, the insider now directly owns 1,674,322 shares of the company’s stock, valued at approximately $237,803,953.66. The trade was a 1.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by corporate insiders.

About TKO Group

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.