Warner Music Group Corp. (NASDAQ:WMG) Stock Holdings Increased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its position in shares of Warner Music Group Corp. (NASDAQ:WMG) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,269 shares of the company’s stock after buying an additional 408 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Warner Music Group were worth $380,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Capital City Trust Co. FL lifted its stake in Warner Music Group by 4.3% during the third quarter. Capital City Trust Co. FL now owns 10,422 shares of the company’s stock worth $326,000 after purchasing an additional 431 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of Warner Music Group by 14.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 3,705 shares of the company’s stock worth $115,000 after purchasing an additional 455 shares during the period. Fifth Third Bancorp lifted its position in shares of Warner Music Group by 13.1% in the 4th quarter. Fifth Third Bancorp now owns 3,967 shares of the company’s stock worth $123,000 after buying an additional 458 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Warner Music Group by 3.2% in the 3rd quarter. New York State Teachers Retirement System now owns 20,743 shares of the company’s stock valued at $649,000 after buying an additional 643 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Warner Music Group by 1.2% during the 3rd quarter. Van ECK Associates Corp now owns 76,508 shares of the company’s stock valued at $2,428,000 after buying an additional 900 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Insider Buying and Selling at Warner Music Group

In related news, Director Lincoln E. Benet sold 35,000 shares of Warner Music Group stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $30.96, for a total value of $1,083,600.00. Following the transaction, the director now owns 242,360 shares of the company’s stock, valued at approximately $7,503,465.60. This trade represents a 12.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 73.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WMG has been the topic of a number of recent research reports. Morgan Stanley cut their target price on shares of Warner Music Group from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Macquarie restated a “neutral” rating and set a $30.00 price objective on shares of Warner Music Group in a research report on Friday, November 22nd. JPMorgan Chase & Co. dropped their target price on Warner Music Group from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Bank of America reissued an “underperform” rating and set a $30.00 price target (down previously from $33.00) on shares of Warner Music Group in a report on Friday, October 4th. Finally, Barclays dropped their price objective on shares of Warner Music Group from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.31.

Warner Music Group Stock Down 0.3 %

WMG opened at $31.48 on Thursday. The stock’s fifty day moving average is $31.23 and its 200-day moving average is $30.75. Warner Music Group Corp. has a one year low of $27.06 and a one year high of $38.05. The company has a market capitalization of $16.31 billion, a PE ratio of 37.93, a P/E/G ratio of 0.89 and a beta of 1.35. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.65 and a current ratio of 0.68.

Warner Music Group (NASDAQ:WMG) last issued its quarterly earnings results on Thursday, November 21st. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.20). The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.59 billion. Warner Music Group had a return on equity of 69.29% and a net margin of 6.77%. Warner Music Group’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. On average, equities analysts predict that Warner Music Group Corp. will post 1.31 EPS for the current fiscal year.

Warner Music Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 19th were given a $0.18 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $0.72 annualized dividend and a yield of 2.29%. Warner Music Group’s dividend payout ratio (DPR) is 86.75%.

Warner Music Group Profile

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin’ Records, Warner Classics, and Warner Music Nashville.