ABN Amro Investment Solutions Boosts Position in Warner Music Group Corp. $WMG

ABN Amro Investment Solutions boosted its position in shares of Warner Music Group Corp. (NASDAQ:WMG) by 89.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,036 shares of the company’s stock after purchasing an additional 20,793 shares during the period. ABN Amro Investment Solutions’ holdings in Warner Music Group were worth $1,125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Warner Music Group during the fourth quarter valued at about $40,000. Caitong International Asset Management Co. Ltd increased its holdings in Warner Music Group by 774.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,207 shares of the company’s stock valued at $41,000 after purchasing an additional 1,069 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Warner Music Group by 480.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,493 shares of the company’s stock valued at $41,000 after purchasing an additional 1,236 shares during the last quarter. Parallel Advisors LLC raised its position in Warner Music Group by 355.7% in the fourth quarter. Parallel Advisors LLC now owns 1,531 shares of the company’s stock valued at $47,000 after purchasing an additional 1,195 shares during the period. Finally, Quadrant Capital Group LLC raised its position in Warner Music Group by 740.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,890 shares of the company’s stock valued at $58,000 after purchasing an additional 1,665 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on WMG. Wall Street Zen lowered shares of Warner Music Group from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Sanford C. Bernstein restated an “outperform” rating on shares of Warner Music Group in a research note on Friday, May 8th. Morgan Stanley set a $39.00 price objective on Warner Music Group in a research report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Warner Music Group in a research note on Wednesday, June 24th. Finally, Zacks Research cut Warner Music Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Warner Music Group has an average rating of “Moderate Buy” and a consensus target price of $38.43.

Warner Music Group Stock Down 0.2%

Shares of NASDAQ:WMG opened at $26.55 on Friday. Warner Music Group Corp. has a fifty-two week low of $23.34 and a fifty-two week high of $35.42. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 5.62. The firm’s 50-day simple moving average is $29.42 and its 200-day simple moving average is $28.96. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 0.39 and a beta of 1.30.

Warner Music Group (NASDAQ:WMG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.14. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Warner Music Group had a return on equity of 62.01% and a net margin of 6.34%.Warner Music Group’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. As a group, equities research analysts predict that Warner Music Group Corp. will post 1.52 earnings per share for the current year.

Warner Music Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 26th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, May 26th. Warner Music Group’s dividend payout ratio (DPR) is 89.41%.

Warner Music Group Profile

Warner Music Group is a major global music company that operates across recorded music and music publishing. Its recorded-music business comprises a portfolio of well-known labels—including Atlantic, Warner Records and Parlophone—as well as distribution and artist-services operations that support both established and emerging artists. The company’s publishing arm, Warner Chappell Music, manages songwriting catalogs and administers rights for compositions across multiple media, providing licensing for film, television, advertising and other commercial uses.

WMG’s activities span the full music value chain: signing and developing artists, producing and marketing recordings, distributing music through physical channels and streaming platforms, and monetizing rights through licensing, synchronization and neighboring-rights collection.