SG Americas Securities LLC grew its stake in shares of Warner Music Group Corp. (NASDAQ:WMG – Get Score) by 14.3% in the course of the first quarter, in response to the corporate in its most up-to-date 13F submitting with the Securities & Alternate Fee. The institutional investor owned 80,563 shares of the corporate’s inventory after shopping for a further 10,086 shares in the course of the interval. SG Americas Securities LLC’s holdings in Warner Music Group had been value $3,049,000 on the finish of the latest reporting interval.
Different giant buyers have additionally not too long ago made adjustments to their positions within the firm. Westpac Banking Corp bought a brand new place in shares of Warner Music Group in the course of the 4th quarter valued at about $27,000. Stephens Inc. AR lifted its holdings in Warner Music Group by 8.0% within the 4th quarter. Stephens Inc. AR now owns 5,847 shares of the corporate’s inventory value $252,000 after buying a further 432 shares within the final quarter. AE Wealth Administration LLC bought a brand new place in Warner Music Group within the 1st quarter value roughly $312,000. Advisor Group Holdings Inc. lifted its holdings in Warner Music Group by 7.1% within the 4th quarter. Advisor Group Holdings Inc. now owns 7,523 shares of the corporate’s inventory value $325,000 after buying a further 496 shares within the final quarter. Lastly, WINTON GROUP Ltd bought a brand new place in Warner Music Group within the 4th quarter value roughly $437,000. 22.29% of the inventory is owned by hedge funds and different institutional buyers.
Analyst Scores Adjustments
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Various analysis analysts not too long ago commented on WMG shares. TheStreet minimize Warner Music Group from a “c-” ranking to a “d+” ranking in a report on Thursday, July 14th. Redburn Companions reissued a “promote” ranking on shares of Warner Music Group in a report on Monday, April twenty fifth. Barclays decreased their worth goal on Warner Music Group from $37.00 to $33.00 and set an “chubby” ranking on the inventory in a report on Tuesday, July fifth. Guggenheim upped their worth goal on Warner Music Group from $30.00 to $34.00 and gave the inventory a “purchase” ranking in a report on Friday, June third. Lastly, Truist Monetary decreased their worth goal on Warner Music Group from $40.00 to $35.00 and set a “purchase” ranking on the inventory in a report on Tuesday. Two equities analysis analysts have rated the inventory with a promote ranking, two have issued a maintain ranking and ten have given a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat.com, the inventory presently has a mean ranking of “Reasonable Purchase” and a mean worth goal of $41.85.
Warner Music Group Inventory Efficiency
NASDAQ WMG opened at $27.49 on Friday. The corporate has a market cap of $14.15 billion, a P/E ratio of 38.72, a P/E/G ratio of 1.13 and a beta of 1.41. The corporate has a debt-to-equity ratio of twenty-two.13, a fast ratio of 0.58 and a present ratio of 0.61. The enterprise’s 50 day transferring common worth is $27.00 and its 200-day transferring common worth is $32.88. Warner Music Group Corp. has a fifty-two week low of $23.74 and a fifty-two week excessive of $50.23.
Warner Music Group (NASDAQ:WMG – Get Score) final introduced its quarterly earnings knowledge on Tuesday, Might tenth. The corporate reported $0.18 EPS for the quarter, lacking the consensus estimate of $0.21 by ($0.03). The enterprise had income of $1.38 billion in the course of the quarter, in comparison with the consensus estimate of $1.37 billion. Warner Music Group had a internet margin of 6.45% and a return on fairness of 362.14%. The enterprise’s income was up 10.1% in comparison with the identical quarter final 12 months. Throughout the identical interval final 12 months, the corporate earned $0.22 EPS. Promote-side analysts predict that Warner Music Group Corp. will publish 0.87 earnings per share for the present 12 months.
Warner Music Group Broadcasts Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of report on Monday, Might twenty third got a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of two.18%. The ex-dividend date of this dividend was Friday, Might twentieth. Warner Music Group’s dividend payout ratio (DPR) is presently 84.51%.
About Warner Music Group
Warner Music Group Corp. operates as a music leisure firm in the USA, the UK, Germany, and internationally. The corporate operates by Recorded Music and Music Publishing segments. The Recorded Music section is concerned within the discovery and improvement of recording artists, in addition to associated advertising and marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog by compilations and reissuances of beforehand launched music and video titles, in addition to beforehand unreleased supplies; and conducts its operation primarily by a group of report labels, akin to Warner Information and Atlantic Information, in addition to Asylum, Massive Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin’ Information, Warner Classics, and Warner Music Nashville.
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