Natixis Advisors L.P. Sells 2,028 Shares of Warner Music Group Corp. (NASDAQ:WMG)

Natixis Advisors L.P. reduced its stake in Warner Music Group Corp. (NASDAQ:WMG) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,986 shares of the company’s stock after selling 2,028 shares during the quarter. Natixis Advisors L.P.’s holdings in Warner Music Group were worth $1,716,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Mackenzie Financial Corp purchased a new position in Warner Music Group in the 4th quarter worth approximately $1,664,000. Hahn Capital Management LLC purchased a new position in Warner Music Group in the 4th quarter worth approximately $4,863,000. Schonfeld Strategic Advisors LLC raised its holdings in Warner Music Group by 1,711.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 903,241 shares of the company’s stock worth $28,362,000 after acquiring an additional 853,384 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Warner Music Group by 31.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 801,840 shares of the company’s stock worth $25,178,000 after acquiring an additional 193,221 shares during the last quarter. Finally, DigitalBridge Group Inc. raised its holdings in Warner Music Group by 46.3% in the 3rd quarter. DigitalBridge Group Inc. now owns 479,878 shares of the company’s stock worth $15,068,000 after acquiring an additional 151,778 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WMG shares. Loop Capital boosted their price objective on shares of Warner Music Group from $36.00 to $38.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Morgan Stanley assumed coverage on shares of Warner Music Group in a research note on Monday, May 6th. They set an “overweight” rating and a $43.00 target price for the company. Guggenheim decreased their target price 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. Finally, Redburn Atlantic upgraded shares of Warner Music Group from a “sell” rating to a “neutral” rating and boosted their target price for the company from $17.00 to $21.00 in a research note on Monday, February 5th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Warner Music Group has an average rating of “Moderate Buy” and an average price target of $37.18.

Warner Music Group Trading Down 0.3 %

NASDAQ:WMG opened at $32.16 on Wednesday. The company has a debt-to-equity ratio of 6.81, a current ratio of 0.69 and a quick ratio of 0.67. The firm has a market capitalization of $16.66 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 2.07 and a beta of 1.43. Warner Music Group Corp. has a one year low of $23.62 and a one year high of $38.05. The business has a fifty day moving average price of $33.44 and a 200-day moving average price of $34.14.

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

Warner Music Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, May 22nd. Warner Music Group’s dividend payout ratio is currently 68.00%.

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.