Warner Music Group Corp. (NASDAQ:WMG) Holdings Raised by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its position in shares of Warner Music Group Corp. (NASDAQ:WMG - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,014,425 shares of the company's stock after acquiring an additional 51,021 shares during the period. E. Ohman J or Asset Management AB owned about 0.19% of Warner Music Group worth $31,802,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WMG. Veracity Capital LLC increased its holdings in shares of Warner Music Group by 3.6% in the first quarter. Veracity Capital LLC now owns 22,386 shares of the company's stock valued at $702,000 after purchasing an additional 787 shares during the period. Rhumbline Advisers lifted its holdings in Warner Music Group by 2.8% in the first quarter. Rhumbline Advisers now owns 253,031 shares of the company's stock valued at $7,933,000 after acquiring an additional 6,820 shares during the period. GAMMA Investing LLC lifted its holdings in Warner Music Group by 5,272.3% in the first quarter. GAMMA Investing LLC now owns 95,304 shares of the company's stock valued at $3,040,000 after acquiring an additional 93,530 shares during the period. DigitalBridge Group Inc. lifted its holdings in Warner Music Group by 29.7% in the fourth quarter. DigitalBridge Group Inc. now owns 896,445 shares of the company's stock valued at $27,790,000 after acquiring an additional 205,529 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Warner Music Group by 43.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,920,342 shares of the company's stock valued at $245,531,000 after acquiring an additional 2,400,500 shares during the period. Institutional investors and hedge funds own 96.88% of the company's stock.

Insider Transactions at Warner Music Group

In related news, EVP Timothy Matusch sold 1,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.43, for a total transaction of $31,430.00. Following the completion of the transaction, the executive vice president now owns 87,649 shares of the company's stock, valued at $2,754,808.07. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 72.21% of the company's stock.

Wall Street Analyst Weigh In

WMG has been the subject of several recent analyst reports. The Goldman Sachs Group cut shares of Warner Music Group from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $35.00 to $28.00 in a research note on Monday, May 12th. Morgan Stanley lowered their target price on shares of Warner Music Group from $32.00 to $31.00 and set an "equal weight" rating for the company in a research note on Friday, May 9th. Citigroup reaffirmed a "buy" rating and issued a $34.00 target price (down from $35.00) on shares of Warner Music Group in a research note on Thursday, May 29th. Guggenheim decreased their price target on Warner Music Group from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, UBS Group decreased their price target on Warner Music Group from $41.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Warner Music Group currently has an average rating of "Hold" and a consensus target price of $33.95.

Warner Music Group Stock Performance

NASDAQ WMG traded down $0.16 during trading hours on Monday, hitting $26.21. The company had a trading volume of 1,369,174 shares, compared to its average volume of 1,905,446. Warner Music Group Corp. has a fifty-two week low of $25.56 and a fifty-two week high of $36.64. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 5.67. The business has a fifty day simple moving average of $28.25 and a 200-day simple moving average of $30.85. The firm has a market cap of $13.66 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25.

Warner Music Group (NASDAQ:WMG - Get Free Report) last released 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 the consensus estimate of $1.52 billion. During the same period in the previous year, the company posted $0.18 EPS. The company's revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts predict that Warner Music Group Corp. will post 1.39 EPS for the current year.

Warner Music Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 27th were paid a $0.18 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $0.72 annualized dividend and a dividend yield of 2.75%. Warner Music Group's payout ratio is 82.76%.

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.