284,941 Shares in Warner Music Group Corp. $WMG Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in shares of Warner Music Group Corp. (NASDAQ:WMGFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 284,941 shares of the company’s stock, valued at approximately $9,705,000. Tudor Investment Corp ET AL owned 0.05% of Warner Music Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its stake in shares of Warner Music Group by 5,055.5% during the third quarter. Barclays PLC now owns 1,860,687 shares of the company’s stock valued at $63,375,000 after purchasing an additional 1,824,596 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its stake in shares of Warner Music Group by 762.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 74,332 shares of the company’s stock worth $2,532,000 after buying an additional 65,714 shares during the last quarter. Covalis Capital LLP increased its position in Warner Music Group by 203.1% during the 2nd quarter. Covalis Capital LLP now owns 566,627 shares of the company’s stock valued at $15,435,000 after buying an additional 379,661 shares in the last quarter. Wealthfront Advisers LLC bought a new position in Warner Music Group during the 3rd quarter valued at approximately $2,418,000. Finally, Thrivent Financial for Lutherans raised its stake in Warner Music Group by 6,227.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,173,417 shares of the company’s stock valued at $74,027,000 after buying an additional 2,139,067 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Warner Music Group Price Performance

NASDAQ WMG opened at $23.89 on Monday. Warner Music Group Corp. has a 1-year low of $23.53 and a 1-year high of $34.63. The business’s fifty day moving average price is $28.78 and its 200-day moving average price is $30.28. The company has a debt-to-equity ratio of 5.30, a current ratio of 0.70 and a quick ratio of 0.69. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 0.40 and a beta of 1.24.

Warner Music Group (NASDAQ:WMGGet Free Report) last released its earnings results on Thursday, February 5th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). Warner Music Group had a net margin of 4.43% and a return on equity of 38.33%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the firm posted $0.45 earnings per share. Warner Music Group’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts predict that Warner Music Group Corp. will post 1.39 earnings per share for the current year.

Warner Music Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Wednesday, February 18th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.2%. Warner Music Group’s dividend payout ratio (DPR) is presently 131.03%.

Key Stories Impacting Warner Music Group

Here are the key news stories impacting Warner Music Group this week:

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WMG shares. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Warner Music Group in a research report on Tuesday, November 25th. Moffett Nathanson began coverage on shares of Warner Music Group in a research note on Tuesday, January 27th. They set a “buy” rating and a $38.00 price objective for the company. Wall Street Zen cut shares of Warner Music Group from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Scotiabank upgraded shares of Warner Music Group from a “sector perform” rating to a “sector outperform” rating in a report on Friday, February 13th. Finally, Jefferies Financial Group decreased their price target on Warner Music Group from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Twelve research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.69.

Check Out Our Latest Research Report on WMG

Warner Music Group Company Profile

(Free Report)

Warner Music Group is a major global music company that operates across recorded music and music publishing. Its recorded-music business comprises a portfolio of well-known labels—including Atlantic, Warner Records and Parlophone—as well as distribution and artist-services operations that support both established and emerging artists. The company’s publishing arm, Warner Chappell Music, manages songwriting catalogs and administers rights for compositions across multiple media, providing licensing for film, television, advertising and other commercial uses.

WMG’s activities span the full music value chain: signing and developing artists, producing and marketing recordings, distributing music through physical channels and streaming platforms, and monetizing rights through licensing, synchronization and neighboring-rights collection.

Read More

Institutional Ownership by Quarter for Warner Music Group (NASDAQ:WMG)

Receive News & Ratings for Warner Music Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warner Music Group and related companies with MarketBeat.com's FREE daily email newsletter.