E. Ohman J or Asset Management AB Has $31.80 Million Stock Position in Warner Music Group Corp. (NASDAQ:WMG)

E. Ohman J or Asset Management AB grew its holdings in Warner Music Group Corp. (NASDAQ:WMG - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Veracity Capital LLC lifted its position in 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 acquiring an additional 787 shares during the last quarter. Rhumbline Advisers lifted its position 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 last quarter. GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 93,530 shares during the last quarter. DigitalBridge Group Inc. raised its holdings in shares of 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 buying an additional 205,529 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of 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 buying an additional 2,400,500 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company's stock.

Insider Transactions at Warner Music Group

In other Warner Music Group news, EVP Timothy Matusch sold 1,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 87,649 shares of the company's stock, valued at $2,754,808.07. This represents a 1.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 72.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered shares of Warner Music Group from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $35.00 to $28.00 in a research note on Monday, May 12th. Wolfe Research raised shares of Warner Music Group to a "strong-buy" rating in a report on Thursday, May 8th. Morgan Stanley reduced their price target on shares of Warner Music Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Guggenheim reduced their price target on shares of Warner Music Group from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Sanford C. Bernstein began coverage on shares of Warner Music Group in a report on Wednesday. They issued an "outperform" rating and a $32.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Warner Music Group currently has an average rating of "Hold" and a consensus price target of $33.95.

Warner Music Group Trading Up 0.6%

Shares of WMG stock traded up $0.16 during trading hours on Friday, reaching $26.37. 1,319,897 shares of the stock traded hands, compared to its average volume of 1,908,009. Warner Music Group Corp. has a 1-year low of $25.56 and a 1-year high of $36.64. The business has a fifty day moving average price of $28.35 and a 200 day moving average price of $30.91. 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 firm has a market capitalization of $13.75 billion, a PE ratio of 26.91, a PEG ratio of 1.03 and a beta of 1.25.

Warner Music Group (NASDAQ:WMG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.21). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.52 billion. Warner Music Group had a net margin of 8.07% and a return on equity of 79.01%. The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 EPS. On average, equities research analysts forecast 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 dividend of $0.18 per share. The ex-dividend date was Tuesday, May 27th. This represents a $0.72 annualized dividend and a dividend yield of 2.73%. Warner Music Group's dividend payout ratio (DPR) 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.