Capital International Ltd. CA Purchases 28,098 Shares of Warner Music Group Corp. (NASDAQ:WMG)

Capital International Ltd. CA boosted its holdings in shares of Warner Music Group Corp. (NASDAQ:WMG) by 35.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,807 shares of the company’s stock after acquiring an additional 28,098 shares during the period. Capital International Ltd. CA’s holdings in Warner Music Group were worth $3,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in Warner Music Group in the 4th quarter valued at $38,000. SRS Capital Advisors Inc. acquired a new position in shares of Warner Music Group during the fourth quarter worth about $46,000. Ramirez Asset Management Inc. bought a new position in shares of Warner Music Group during the third quarter worth about $75,000. Acadian Asset Management LLC acquired a new stake in Warner Music Group in the 3rd quarter valued at approximately $228,000. Finally, NEOS Investment Management LLC lifted its stake in Warner Music Group by 5.0% in the 4th quarter. NEOS Investment Management LLC now owns 7,917 shares of the company’s stock valued at $283,000 after acquiring an additional 377 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WMG. Guggenheim cut their price objective on shares of Warner Music Group from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Morgan Stanley initiated coverage on Warner Music Group in a report on Monday, May 6th. They issued an “overweight” rating and a $43.00 price objective for the company. Finally, Loop Capital upped their target price on Warner Music Group from $36.00 to $38.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.88.

Warner Music Group Stock Performance

Shares of WMG traded down $0.11 during midday trading on Wednesday, reaching $30.34. 788,194 shares of the stock were exchanged, compared to its average volume of 1,587,357. Warner Music Group Corp. has a twelve month low of $24.02 and a twelve month high of $38.05. The stock’s 50 day simple moving average is $32.64 and its 200 day simple moving average is $34.01. The company has a market cap of $15.71 billion, a P/E ratio of 30.45, a PEG ratio of 1.99 and a beta of 1.38. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 6.81.

Warner Music Group (NASDAQ:WMG) last released its earnings results on Thursday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Warner Music Group had a return on equity of 120.42% and a net margin of 8.28%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. On average, sell-side analysts expect that Warner Music Group Corp. will post 0.99 earnings per share for the current year.

Warner Music Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, May 22nd. Warner Music Group’s dividend payout ratio (DPR) is currently 68.00%.

About Warner Music Group

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.