Dynamic Technology Lab Private Ltd Has $854,000 Position in Warner Music Group Corp. $WMG

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Warner Music Group Corp. by 77.1%, holding 27,229 shares worth $854,000 after purchasing an additional 11,851 shares.
• Warner Music Group's shares have seen a 3.1% increase, with the stock currently priced at $33.71 and a 12-month high of $36.64.
• The company recently announced a quarterly dividend of $0.19 per share, marking an increase from the previous quarter, with a payout ratio of 133.33%.

Dynamic Technology Lab Private Ltd increased its holdings in shares of Warner Music Group Corp. (NASDAQ:WMG - Free Report) by 77.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,229 shares of the company's stock after acquiring an additional 11,851 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Warner Music Group were worth $854,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in WMG. Independent Franchise Partners LLP lifted its holdings in Warner Music Group by 127.0% during the 1st quarter. Independent Franchise Partners LLP now owns 13,378,864 shares of the company's stock valued at $419,427,000 after purchasing an additional 7,483,839 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Warner Music Group by 36.6% during the 1st quarter. JPMorgan Chase & Co. now owns 15,296,700 shares of the company's stock valued at $479,552,000 after purchasing an additional 4,097,688 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Warner Music Group by 43.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,920,342 shares of the company's stock valued at $245,531,000 after purchasing an additional 2,400,500 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Warner Music Group by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 14,379,667 shares of the company's stock valued at $450,803,000 after purchasing an additional 1,316,979 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Warner Music Group by 2,198.4% during the 1st quarter. BNP Paribas Financial Markets now owns 999,613 shares of the company's stock valued at $31,338,000 after purchasing an additional 956,121 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Warner Music Group Trading Down 1.8%

Shares of NASDAQ:WMG traded down $0.62 during trading on Friday, hitting $33.62. 1,484,225 shares of the company's stock were exchanged, compared to its average volume of 1,898,123. Warner Music Group Corp. has a 1-year low of $25.56 and a 1-year high of $36.64. The firm has a 50-day moving average price of $31.63 and a two-hundred day moving average price of $30.10. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 5.37. The firm has a market cap of $17.53 billion, a P/E ratio of 58.98, a PEG ratio of 1.68 and a beta of 1.31.

Warner Music Group (NASDAQ:WMG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.30). Warner Music Group had a return on equity of 39.95% and a net margin of 4.59%.The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm's quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts predict that Warner Music Group Corp. will post 1.39 earnings per share for the current year.

Warner Music Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 20th. This represents a $0.76 annualized dividend and a dividend yield of 2.3%. This is a positive change from Warner Music Group's previous quarterly dividend of $0.18. Warner Music Group's dividend payout ratio is presently 133.33%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Warner Music Group from $33.00 to $41.00 and gave the company a "buy" rating in a report on Tuesday. The Goldman Sachs Group lifted their price target on shares of Warner Music Group from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Tuesday, August 12th. Barclays boosted their target price on shares of Warner Music Group from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Redburn Atlantic raised shares of Warner Music Group from a "strong sell" rating to a "hold" rating and set a $30.00 target price for the company in a research note on Tuesday, July 15th. Finally, UBS Group set a $45.00 target price on shares of Warner Music Group in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.65.

Warner Music Group 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.