OneDigital Investment Advisors LLC Boosts Holdings in Warner Music Group Corp. (NASDAQ:WMG)

OneDigital Investment Advisors LLC boosted its position in Warner Music Group Corp. (NASDAQ:WMG - Free Report) by 124.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,730 shares of the company's stock after purchasing an additional 9,844 shares during the period. OneDigital Investment Advisors LLC's holdings in Warner Music Group were worth $550,000 as of its most recent SEC filing.

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

Insider Activity

In related news, EVP Timothy Matusch sold 1,103 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $36.49, for a total transaction of $40,248.47. Following the transaction, the executive vice president now directly owns 88,649 shares in the company, valued at approximately $3,234,802.01. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Valentin Blavatnik sold 28,230 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 68,264 shares of the company's stock, valued at approximately $2,419,958.80. The trade was a 29.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,333 shares of company stock worth $1,072,432 over the last quarter. 72.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WMG. UBS Group cut their target price on 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. Macquarie reiterated a "neutral" rating and issued a $30.00 target price on shares of Warner Music Group in a report on Thursday, January 30th. Guggenheim reiterated a "buy" rating and issued a $40.00 price target on shares of Warner Music Group in a report on Friday, February 7th. Citigroup upgraded shares of Warner Music Group from a "neutral" rating to a "buy" rating and raised their price target for the company from $34.00 to $42.00 in a report on Friday, February 14th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $32.00 target price (down from $37.00) on shares of Warner Music Group in a research report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Warner Music Group presently has a consensus rating of "Hold" and an average price target of $35.47.

Warner Music Group Price Performance

WMG traded up $0.13 during trading on Friday, hitting $30.18. The company's stock had a trading volume of 274,249 shares, compared to its average volume of 1,942,088. The firm has a market capitalization of $15.70 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 1.03 and a beta of 1.32. Warner Music Group Corp. has a twelve month low of $27.06 and a twelve month high of $36.64. The business's fifty day simple moving average is $31.23 and its 200 day simple moving average is $31.79. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 5.67.

Warner Music Group (NASDAQ:WMG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.34 by $0.11. Warner Music Group had a net margin of 8.07% and a return on equity of 79.01%. On average, equities research analysts forecast that Warner Music Group Corp. will post 1.39 EPS for the current fiscal year.

Warner Music Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.72 annualized dividend and a yield of 2.39%. Warner Music Group's dividend payout ratio (DPR) is currently 73.47%.

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.