Sei Investments Co. Has $16.12 Million Stake in Warner Music Group Corp. $WMG

Sei Investments Co. boosted its position in shares of Warner Music Group Corp. (NASDAQ:WMG) by 3.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 631,224 shares of the company’s stock after purchasing an additional 21,994 shares during the period. Sei Investments Co. owned 0.12% of Warner Music Group worth $16,121,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WMG. Caitong International Asset Management Co. Ltd boosted its position in shares of Warner Music Group by 774.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,207 shares of the company’s stock worth $41,000 after buying an additional 1,069 shares during the period. Quarry LP acquired a new position in Warner Music Group during the fourth quarter valued at $40,000. Osaic Holdings Inc. lifted its stake in Warner Music Group by 480.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,493 shares of the company’s stock worth $41,000 after acquiring an additional 1,236 shares in the last quarter. Parallel Advisors LLC lifted its stake in Warner Music Group by 355.7% in the 4th quarter. Parallel Advisors LLC now owns 1,531 shares of the company’s stock worth $47,000 after acquiring an additional 1,195 shares in the last quarter. Finally, US Bancorp DE boosted its position in Warner Music Group by 23.5% during the 3rd quarter. US Bancorp DE now owns 1,729 shares of the company’s stock worth $59,000 after acquiring an additional 329 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Warner Music Group Price Performance

Shares of NASDAQ:WMG opened at $27.56 on Friday. The stock has a market capitalization of $14.38 billion, a P/E ratio of 32.42, a P/E/G ratio of 0.43 and a beta of 1.30. The business has a 50-day moving average of $28.94 and a two-hundred day moving average of $28.90. 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 debt-to-equity ratio of 5.62, a current ratio of 0.73 and a quick ratio of 0.71.

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

Warner Music Group Dividend Announcement

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 dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, May 26th. Warner Music Group’s dividend payout ratio (DPR) is 89.41%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WMG. Evercore reissued an “outperform” rating and issued a $43.00 price target on shares of 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. Guggenheim increased their target price on shares of Warner Music Group from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Zacks Research lowered shares of Warner Music Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, UBS Group upped their price target on shares of Warner Music Group from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.43.

About Warner Music Group

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.