DekaBank Deutsche Girozentrale Acquires 32,500 Shares of Warner Music Group Corp. (NASDAQ:WMG)

DekaBank Deutsche Girozentrale grew its holdings in shares of Warner Music Group Corp. (NASDAQ:WMG - Free Report) by 198.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,880 shares of the company's stock after purchasing an additional 32,500 shares during the period. DekaBank Deutsche Girozentrale's holdings in Warner Music Group were worth $1,723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Ossiam boosted its position in shares of Warner Music Group by 31.1% during the 1st quarter. Ossiam now owns 1,787 shares of the company's stock worth $60,000 after acquiring an additional 424 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Warner Music Group by 3.1% during the 2nd quarter. Royal Bank of Canada now owns 16,790 shares of the company's stock worth $439,000 after acquiring an additional 504 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Warner Music Group by 6.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 9,224 shares of the company's stock worth $330,000 after acquiring an additional 545 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Warner Music Group by 0.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 178,664 shares of the company's stock worth $4,147,000 after acquiring an additional 579 shares in the last quarter. Finally, State of Wyoming boosted its position in shares of Warner Music Group by 20.4% during the 4th quarter. State of Wyoming now owns 3,913 shares of the company's stock worth $137,000 after acquiring an additional 664 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company's stock.

Warner Music Group Trading Down 3.0 %

NASDAQ WMG traded down $1.05 during mid-day trading on Friday, reaching $33.44. 685,107 shares of the stock were exchanged, compared to its average volume of 1,587,462. Warner Music Group Corp. has a one year low of $23.62 and a one year high of $38.05. The stock has a 50 day simple moving average of $34.39 and a 200-day simple moving average of $33.98. The stock has a market cap of $17.32 billion, a P/E ratio of 38.00, a P/E/G ratio of 2.10 and a beta of 1.46. The company has a debt-to-equity ratio of 6.50, a current ratio of 0.70 and a quick ratio of 0.67.

Warner Music Group (NASDAQ:WMG - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.30 earnings per share 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 firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. On average, analysts anticipate that Warner Music Group Corp. will post 0.99 EPS for the current year.

Warner Music Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 22nd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.03%. The ex-dividend date was Wednesday, February 21st. Warner Music Group's dividend payout ratio (DPR) is currently 77.27%.

Analysts Set New Price Targets

A number of brokerages have weighed in on WMG. Redburn Atlantic upgraded shares of Warner Music Group from a "sell" rating to a "neutral" rating and raised their target price for the company from $17.00 to $21.00 in a research report on Monday, February 5th. Guggenheim cut their target price on shares of Warner Music Group from $46.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $36.81.

About Warner Music Group

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.