Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Tencent Music Entertainment Group (NYSE:TME). In a filing disclosed on May 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Tencent Music Entertainment Group stock on April 8th. The trade occurred in the Representative's "150 MAIN STREET TRUST > WELLS FARGO ADVISORS" account.
Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Beiersdorf Aktiengesellschaft OTCMKTS: BDRFF on 5/2/2025.
- Purchased $1,001 - $15,000 in shares of Alkami Technology NASDAQ: ALKT on 4/30/2025.
- Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 4/29/2025.
- Sold $1,001 - $15,000 in shares of DXC Technology NYSE: DXC on 4/29/2025.
- Sold $1,001 - $15,000 in shares of DOW NYSE: DOW on 4/29/2025.
- Sold $1,001 - $15,000 in shares of Zions Bancorporation, National Association NASDAQ: ZION on 4/29/2025.
- Purchased $1,001 - $15,000 in shares of O'Reilly Automotive NASDAQ: ORLY on 4/29/2025.
- Purchased $1,001 - $15,000 in shares of McKesson NYSE: MCK on 4/29/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/29/2025.
- Sold $1,001 - $15,000 in shares of Humana NYSE: HUM on 4/29/2025.
Tencent Music Entertainment Group Stock Up 1.5%
Shares of NYSE:TME traded up $0.21 during midday trading on Tuesday, reaching $14.54. The company's stock had a trading volume of 8,723,090 shares, compared to its average volume of 8,232,287. Tencent Music Entertainment Group has a 12-month low of $9.41 and a 12-month high of $15.77. The firm has a 50 day moving average of $13.39 and a 200-day moving average of $12.35. The firm has a market capitalization of $24.95 billion, a P/E ratio of 26.93, a PEG ratio of 0.77 and a beta of 0.46. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.09.
Tencent Music Entertainment Group Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd were issued a $0.18 dividend. The ex-dividend date was Thursday, April 3rd. This is a positive change from Tencent Music Entertainment Group's previous annual dividend of $0.12. This represents a yield of 0.9%. Tencent Music Entertainment Group's dividend payout ratio is 28.81%.
Hedge Funds Weigh In On Tencent Music Entertainment Group
Hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Tencent Music Entertainment Group during the third quarter valued at about $64,000. SBI Securities Co. Ltd. purchased a new stake in Tencent Music Entertainment Group in the fourth quarter valued at approximately $110,000. Oppenheimer Asset Management Inc. purchased a new stake in Tencent Music Entertainment Group in the 4th quarter worth approximately $114,000. PNC Financial Services Group Inc. boosted its position in Tencent Music Entertainment Group by 10.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,138 shares of the company's stock worth $126,000 after purchasing an additional 1,094 shares in the last quarter. Finally, Unigestion Holding SA purchased a new stake in Tencent Music Entertainment Group in the 4th quarter worth approximately $161,000. Institutional investors and hedge funds own 24.32% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on TME. Mizuho increased their price objective on shares of Tencent Music Entertainment Group from $16.00 to $17.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 19th. Morgan Stanley reissued an "overweight" rating on shares of Tencent Music Entertainment Group in a report on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft raised shares of Tencent Music Entertainment Group from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. Finally, Nomura Securities raised shares of Tencent Music Entertainment Group to a "strong-buy" rating in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Tencent Music Entertainment Group presently has an average rating of "Moderate Buy" and a consensus target price of $15.00.
Check Out Our Latest Stock Analysis on TME
About Representative Cisneros
Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election.
Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.
Tencent Music Entertainment Group Company Profile
(
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Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.
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