Fairview Capital Investment Management LLC Acquires 37,955 Shares of Warner Music Group Corp. (NASDAQ:WMG)

Fairview Capital Investment Management LLC increased its position in shares of Warner Music Group Corp. (NASDAQ:WMG - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,850,945 shares of the company's stock after purchasing an additional 37,955 shares during the period. Warner Music Group makes up approximately 3.0% of Fairview Capital Investment Management LLC's portfolio, making the stock its 9th largest position. Fairview Capital Investment Management LLC owned about 0.36% of Warner Music Group worth $57,379,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Warner Music Group by 37.1% during the third quarter. JPMorgan Chase & Co. now owns 8,754,504 shares of the company's stock worth $274,016,000 after buying an additional 2,370,973 shares during the period. Assetmark Inc. grew its position in shares of Warner Music Group by 7,659.8% in the fourth quarter. Assetmark Inc. now owns 95,833 shares of the company's stock valued at $2,971,000 after purchasing an additional 94,598 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Warner Music Group by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 953,549 shares of the company's stock valued at $29,560,000 after purchasing an additional 48,772 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Warner Music Group by 84.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 31,616 shares of the company's stock valued at $980,000 after purchasing an additional 14,507 shares during the last quarter. Finally, Hahn Capital Management LLC grew its position in shares of Warner Music Group by 31.3% in the fourth quarter. Hahn Capital Management LLC now owns 255,101 shares of the company's stock valued at $7,908,000 after purchasing an additional 60,882 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on WMG shares. UBS Group decreased their target price on shares of Warner Music Group from $41.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday. Macquarie restated a "neutral" rating and set a $30.00 target price on shares of Warner Music Group in a research report on Thursday, January 30th. Citigroup upgraded shares of Warner Music Group from a "neutral" rating to a "buy" rating and raised their target price for the stock from $34.00 to $42.00 in a research report on Friday, February 14th. Guggenheim decreased their target price on shares of Warner Music Group from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Morgan Stanley decreased their target price on shares of Warner Music Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Warner Music Group currently has an average rating of "Hold" and an average price target of $34.88.

Insider Transactions at Warner Music Group

In other Warner Music Group news, EVP Timothy Matusch sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.43, for a total value of $31,430.00. Following the transaction, the executive vice president now directly owns 87,649 shares of the company's stock, valued at approximately $2,754,808.07. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Valentin Blavatnik sold 28,230 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $35.45, for a total transaction of $1,000,753.50. Following the completion of the transaction, the director now directly owns 68,264 shares in the company, valued at approximately $2,419,958.80. The trade was a 29.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,333 shares of company stock valued at $1,072,432. Corporate insiders own 72.21% of the company's stock.

Warner Music Group Stock Performance

Shares of WMG traded down $0.39 during trading hours on Friday, reaching $27.31. 1,758,721 shares of the company traded hands, compared to its average volume of 1,940,615. The stock's fifty day moving average is $30.70 and its 200 day moving average is $31.68. The stock has a market cap of $14.21 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 1.03 and a beta of 1.32. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.67 and a current ratio of 0.69. Warner Music Group Corp. has a 1-year low of $26.34 and a 1-year high of $36.64.

Warner Music Group (NASDAQ:WMG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.21). Warner Music Group had a return on equity of 79.01% and a net margin of 8.07%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company earned $0.18 EPS. The business's revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts anticipate that Warner Music Group Corp. will post 1.39 earnings per share for the current fiscal year.

Warner Music Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Monday, February 24th. Warner Music Group's payout ratio is 82.76%.

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.