28,601 Shares in Warner Music Group Corp. (NASDAQ:WMG) Acquired by Nebula Research & Development LLC

Nebula Research & Development LLC purchased a new stake in Warner Music Group Corp. (NASDAQ:WMG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,601 shares of the company's stock, valued at approximately $887,000.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Warner Music Group by 37.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,754,504 shares of the company's stock valued at $274,016,000 after buying an additional 2,370,973 shares during the period. Assetmark Inc. raised its holdings in Warner Music Group by 7,659.8% during the 4th quarter. Assetmark Inc. now owns 95,833 shares of the company's stock worth $2,971,000 after purchasing an additional 94,598 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Warner Music Group by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 953,549 shares of the company's stock valued at $29,560,000 after purchasing an additional 48,772 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Warner Music Group by 84.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 31,616 shares of the company's stock valued at $980,000 after purchasing an additional 14,507 shares during the last quarter. Finally, Hahn Capital Management LLC grew its position in shares of Warner Music Group by 31.3% during the 4th quarter. Hahn Capital Management LLC now owns 255,101 shares of the company's stock worth $7,908,000 after buying an additional 60,882 shares during the period. 96.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WMG has been the topic of several analyst reports. Citigroup upgraded shares of Warner Music Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $34.00 to $42.00 in a report on Friday, February 14th. Guggenheim reaffirmed a "buy" rating and set a $40.00 price objective on shares of Warner Music Group in a research note on Friday, February 7th. Evercore ISI cut their target price on Warner Music Group from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, January 9th. FBN Securities initiated coverage on Warner Music Group in a research report on Friday, March 28th. They set a "sector perform" rating and a $35.00 target price for the company. Finally, UBS Group cut their price target on shares of Warner Music Group from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Warner Music Group currently has an average rating of "Hold" and a consensus target price of $35.47.

Warner Music Group Stock Performance

Shares of NASDAQ WMG traded up $0.21 during trading hours on Friday, reaching $30.26. 1,109,608 shares of the stock were exchanged, compared to its average volume of 1,945,340. The stock's fifty day simple moving average is $31.14 and its 200 day simple moving average is $31.78. The firm has a market capitalization of $15.75 billion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 1.03 and a beta of 1.32. Warner Music Group Corp. has a 52 week low of $27.06 and a 52 week high of $36.64. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.67 and a current ratio of 0.69.

Warner Music Group (NASDAQ:WMG - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.11. Warner Music Group had a net margin of 8.07% and a return on equity of 79.01%. Sell-side analysts predict that Warner Music Group Corp. will post 1.39 EPS for the current year.

Warner Music Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a dividend of $0.18 per share. The ex-dividend date was Monday, February 24th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.38%. Warner Music Group's payout ratio is 73.47%.

Insider Transactions at Warner Music Group

In related news, EVP Timothy Matusch sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.43, for a total transaction of $31,430.00. Following the sale, the executive vice president now owns 87,649 shares in the company, valued at approximately $2,754,808.07. This trade represents a 1.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Valentin Blavatnik sold 28,230 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $35.45, for a total transaction of $1,000,753.50. Following the transaction, the director now owns 68,264 shares of the company's stock, valued at approximately $2,419,958.80. This represents a 29.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,333 shares of company stock valued at $1,072,432. 72.21% of the stock is owned by corporate insiders.

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.