Capital International Sarl Grows Holdings in Warner Music Group Corp. (NASDAQ:WMG)

Capital International Sarl boosted its position in shares of Warner Music Group Corp. (NASDAQ:WMG) by 56.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,932 shares of the company’s stock after purchasing an additional 41,253 shares during the quarter. Capital International Sarl’s holdings in Warner Music Group were worth $4,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Ltd. CA grew its holdings in Warner Music Group by 35.3% during the fourth quarter. Capital International Ltd. CA now owns 107,807 shares of the company’s stock worth $3,858,000 after acquiring an additional 28,098 shares during the period. Kodai Capital Management LP purchased a new stake in shares of Warner Music Group during the fourth quarter worth approximately $13,884,000. NEOS Investment Management LLC lifted its stake in Warner Music Group by 5.0% during the fourth quarter. NEOS Investment Management LLC now owns 7,917 shares of the company’s stock worth $283,000 after purchasing an additional 377 shares during the last quarter. Comgest Global Investors S.A.S. boosted its stake in shares of Warner Music Group by 13.4% during the fourth quarter. Comgest Global Investors S.A.S. now owns 521,230 shares of the company’s stock worth $18,655,000 after buying an additional 61,673 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new stake in Warner Music Group during the 4th quarter worth approximately $413,000. 96.88% of the stock is currently owned by institutional investors.

Warner Music Group Stock Down 0.5 %

NASDAQ:WMG traded down $0.16 during midday trading on Wednesday, reaching $30.29. The company had a trading volume of 1,200,992 shares, compared to its average volume of 1,588,345. The stock’s fifty day simple moving average is $32.64 and its 200-day simple moving average is $34.01. The firm has a market capitalization of $15.69 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.99 and a beta of 1.38. Warner Music Group Corp. has a 12-month low of $24.02 and a 12-month high of $38.05. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 6.81.

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

Warner Music Group Dividend Announcement

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

Analysts Set New Price Targets

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

Warner Music Group Company 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.