Hahn Capital Management LLC Takes Position in Warner Music Group Corp. (NASDAQ:WMG)

Hahn Capital Management LLC purchased a new stake in Warner Music Group Corp. (NASDAQ:WMG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 135,883 shares of the company's stock, valued at approximately $4,863,000. Warner Music Group accounts for 1.9% of Hahn Capital Management LLC's investment portfolio, making the stock its 26th biggest position.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Warner Music Group by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 242,894 shares of the company's stock worth $9,193,000 after buying an additional 7,097 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Warner Music Group during the 1st quarter worth $486,000. Citigroup Inc. raised its stake in Warner Music Group by 66.3% during the 1st quarter. Citigroup Inc. now owns 10,016 shares of the company's stock worth $379,000 after buying an additional 3,994 shares during the period. PNC Financial Services Group Inc. raised its stake in Warner Music Group by 1,416.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,267 shares of the company's stock worth $313,000 after buying an additional 7,722 shares during the period. Finally, BlackRock Inc. raised its stake in Warner Music Group by 0.6% during the 1st quarter. BlackRock Inc. now owns 4,357,240 shares of the company's stock worth $164,922,000 after buying an additional 24,192 shares during the period. Institutional investors and hedge funds own 96.88% of the company's stock.

Warner Music Group Stock Performance

Warner Music Group stock traded down $0.37 during midday trading on Tuesday, reaching $32.71. 876,590 shares of the company's stock were exchanged, compared to its average volume of 1,314,768. Warner Music Group Corp. has a 52 week low of $23.62 and a 52 week high of $38.05. The company has a debt-to-equity ratio of 6.50, a quick ratio of 0.67 and a current ratio of 0.70. The firm has a market cap of $16.94 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 2.07 and a beta of 1.46. The stock's 50-day simple moving average is $34.85 and its 200 day simple moving average is $33.79.

Warner Music Group (NASDAQ:WMG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.13). Warner Music Group had a return on equity of 128.86% and a net margin of 7.42%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. On average, analysts expect that Warner Music Group Corp. will post 0.99 earnings per share for the current fiscal year.

Warner Music Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 22nd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, February 21st. This represents a $0.68 annualized dividend and a yield of 2.08%. Warner Music Group's dividend payout ratio (DPR) is presently 77.27%.

Analysts Set New Price Targets

Separately, Redburn Atlantic raised Warner Music Group from a "sell" rating to a "neutral" rating and lifted their price target for the company from $17.00 to $21.00 in a research note on Monday, February 5th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $36.27.

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.

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