Warner Music Group Corp. (NASDAQ:WMG) Shares Bought by PDT Partners LLC

PDT Partners LLC lifted its position in Warner Music Group Corp. (NASDAQ:WMG - Free Report) by 95.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 119,924 shares of the company's stock after buying an additional 58,705 shares during the period. PDT Partners LLC's holdings in Warner Music Group were worth $3,718,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC raised its position in Warner Music Group by 3.4% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 12,269 shares of the company's stock worth $380,000 after buying an additional 408 shares during the last quarter. Keystone Financial Services lifted its position in Warner Music Group by 4.4% during the fourth quarter. Keystone Financial Services now owns 10,336 shares of the company's stock valued at $320,000 after purchasing an additional 432 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in Warner Music Group by 14.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 3,705 shares of the company's stock valued at $115,000 after purchasing an additional 455 shares during the last quarter. Fifth Third Bancorp grew its position in Warner Music Group by 13.1% during the 4th quarter. Fifth Third Bancorp now owns 3,967 shares of the company's stock worth $123,000 after purchasing an additional 458 shares during the period. Finally, Capital International Ltd. CA raised its stake in shares of Warner Music Group by 0.4% during the 4th quarter. Capital International Ltd. CA now owns 117,095 shares of the company's stock valued at $3,630,000 after buying an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company's stock.

Warner Music Group Trading Up 0.7 %

NASDAQ:WMG traded up $0.21 on Friday, reaching $30.26. The company's stock had a trading volume of 1,109,608 shares, compared to its average volume of 1,945,340. Warner Music Group Corp. has a 12-month low of $27.06 and a 12-month high of $36.64. 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 stock has a 50 day moving average price of $31.14 and a 200 day moving average price of $31.78. The firm has a market cap of $15.75 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 1.03 and a beta of 1.32.

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

Warner Music Group Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WMG shares. Evercore ISI dropped their target price on Warner Music Group from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Thursday, January 9th. Guggenheim restated a "buy" rating and issued a $40.00 price objective on shares of Warner Music Group in a research report on Friday, February 7th. Macquarie reiterated a "neutral" rating and set a $30.00 target price on shares of Warner Music Group in a research report on Thursday, January 30th. UBS Group cut their price target on shares of Warner Music Group from $43.00 to $41.00 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, Citigroup raised 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $35.47.

Insider Activity at Warner Music Group

In other news, Director Valentin Blavatnik sold 28,230 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $35.45, for a total transaction of $1,000,753.50. Following the completion of the transaction, the director now directly owns 68,264 shares of the company's stock, valued at approximately $2,419,958.80. This represents a 29.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy Matusch sold 1,103 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $36.49, for a total value of $40,248.47. Following the sale, the executive vice president now owns 88,649 shares of the company's stock, valued at approximately $3,234,802.01. The trade was a 1.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,333 shares of company stock worth $1,072,432. Company insiders own 72.21% of the company's stock.

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.