Tudor Investment Corp ET AL Makes New Investment in Warner Music Group Corp. $WMG

Tudor Investment Corp ET AL acquired a new position in Warner Music Group Corp. (NASDAQ:WMG) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 284,941 shares of the company’s stock, valued at approximately $9,705,000.

A number of other large investors have also modified their holdings of WMG. Nisa Investment Advisors LLC raised its position in shares of Warner Music Group by 120.1% in the third quarter. Nisa Investment Advisors LLC now owns 865 shares of the company’s stock worth $29,000 after acquiring an additional 472 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Warner Music Group by 57.5% during the third quarter. Farther Finance Advisors LLC now owns 879 shares of the company’s stock worth $30,000 after purchasing an additional 321 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Warner Music Group by 85.7% during the third quarter. GAMMA Investing LLC now owns 1,107 shares of the company’s stock worth $38,000 after purchasing an additional 511 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Warner Music Group by 774.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,207 shares of the company’s stock worth $41,000 after purchasing an additional 1,069 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of Warner Music Group by 480.9% during the second quarter. Osaic Holdings Inc. now owns 1,493 shares of the company’s stock worth $41,000 after purchasing an additional 1,236 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on WMG shares. Scotiabank raised shares of Warner Music Group from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Warner Music Group in a research note on Friday, March 27th. Citigroup cut their target price on shares of Warner Music Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, January 21st. Wolfe Research reissued an “outperform” rating and set a $36.00 target price on shares of Warner Music Group in a research note on Monday, December 15th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Warner Music Group in a research note on Wednesday, January 14th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.53.

Warner Music Group Stock Down 0.4%

Shares of NASDAQ WMG opened at $26.01 on Tuesday. Warner Music Group Corp. has a 12-month low of $23.34 and a 12-month high of $34.63. The stock has a market cap of $13.59 billion, a PE ratio of 44.84, a P/E/G ratio of 0.43 and a beta of 1.28. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 5.30. The company has a 50-day moving average of $27.52 and a 200 day moving average of $29.61.

Warner Music Group (NASDAQ:WMG) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). Warner Music Group had a net margin of 4.43% and a return on equity of 38.33%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company posted $0.45 EPS. The firm’s revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts predict that Warner Music Group Corp. will post 1.39 EPS for the current fiscal year.

Warner Music Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Wednesday, February 18th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, February 18th. Warner Music Group’s dividend payout ratio is currently 131.03%.

Warner Music Group Company 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.