Tudor Investment Corp ET AL Invests $9.71 Million in Warner Music Group Corp. $WMG

Tudor Investment Corp ET AL bought a new stake in shares of Warner Music Group Corp. (NASDAQ:WMGFree Report) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 284,941 shares of the company’s stock, valued at approximately $9,705,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Warner Music Group by 12.2% during the third quarter. Vanguard Group Inc. now owns 16,914,577 shares of the company’s stock worth $576,110,000 after buying an additional 1,837,801 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Warner Music Group by 4.2% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,914,756 shares of the company’s stock valued at $303,637,000 after acquiring an additional 363,092 shares during the period. Darsana Capital Partners LP raised its stake in shares of Warner Music Group by 14.3% in the second quarter. Darsana Capital Partners LP now owns 8,000,000 shares of the company’s stock valued at $217,920,000 after acquiring an additional 1,000,000 shares during the period. Millennium Management LLC raised its stake in shares of Warner Music Group by 178.5% in the third quarter. Millennium Management LLC now owns 3,183,654 shares of the company’s stock valued at $108,435,000 after acquiring an additional 2,040,425 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Warner Music Group by 112.8% in the 3rd quarter. UBS Group AG now owns 2,226,151 shares of the company’s stock worth $75,823,000 after acquiring an additional 1,180,256 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors.

Warner Music Group Stock Down 0.0%

WMG stock opened at $23.89 on Monday. The stock has a market capitalization of $12.48 billion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 0.40 and a beta of 1.24. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 5.30. Warner Music Group Corp. has a 52 week low of $23.53 and a 52 week high of $34.63. The firm has a 50 day moving average of $28.78 and a 200 day moving average of $30.28.

Warner Music Group (NASDAQ:WMGGet Free Report) 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 return on equity of 38.33% and a net margin of 4.43%.The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Sell-side analysts forecast that Warner Music Group Corp. will post 1.39 earnings per share for the current year.

Warner Music Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Wednesday, February 18th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, February 18th. Warner Music Group’s dividend payout ratio (DPR) is 131.03%.

Trending Headlines about Warner Music Group

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Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WMG shares. Citigroup cut their price target on shares of Warner Music Group from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, January 21st. Zacks Research raised shares of Warner Music Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Jefferies Financial Group cut their target price on Warner Music Group from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Wall Street Zen downgraded Warner Music Group from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Wolfe Research restated an “outperform” rating and set a $36.00 price objective on shares of Warner Music Group in a report on Monday, December 15th. Twelve equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.69.

Read Our Latest Stock Report on Warner Music Group

About Warner Music Group

(Free Report)

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.

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Institutional Ownership by Quarter for Warner Music Group (NASDAQ:WMG)

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