Mather Group LLC. Takes $45,000 Position in Warner Music Group Corp. (NASDAQ:WMG)

Mather Group LLC. purchased a new stake in Warner Music Group Corp. (NASDAQ:WMG) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 1,250 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Warner Music Group by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 11,669,662 shares of the company’s stock valued at $417,657,000 after purchasing an additional 684,864 shares during the last quarter. Capital World Investors lifted its position in Warner Music Group by 21.5% in the 4th quarter. Capital World Investors now owns 9,319,510 shares of the company’s stock valued at $333,545,000 after purchasing an additional 1,651,571 shares during the last quarter. FIL Ltd lifted its position in Warner Music Group by 85.6% in the 4th quarter. FIL Ltd now owns 5,198,892 shares of the company’s stock valued at $186,068,000 after purchasing an additional 2,397,232 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Warner Music Group by 87.1% in the 4th quarter. Point72 Asset Management L.P. now owns 2,713,747 shares of the company’s stock valued at $97,125,000 after purchasing an additional 1,263,690 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Warner Music Group by 0.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,349,379 shares of the company’s stock worth $48,294,000 after buying an additional 8,202 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Warner Music Group Trading Up 0.8 %

NASDAQ WMG opened at $30.27 on Tuesday. Warner Music Group Corp. has a twelve month low of $25.28 and a twelve month high of $38.05. The company has a debt-to-equity ratio of 6.81, a quick ratio of 0.67 and a current ratio of 0.69. The stock has a market cap of $15.68 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 1.92 and a beta of 1.38. The firm’s 50 day moving average price is $31.73 and its two-hundred day moving average price is $33.73.

Warner Music Group (NASDAQ:WMG) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.07. Warner Music Group had a net margin of 8.28% and a return on equity of 120.42%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company posted $0.06 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities 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 Monday, June 3rd. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Wednesday, May 22nd. Warner Music Group’s dividend payout ratio is currently 68.00%.

Analyst Ratings Changes

WMG has been the topic of a number of recent analyst reports. Loop Capital boosted their price target on shares of Warner Music Group from $36.00 to $38.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Guggenheim dropped 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 report on Friday, April 5th. Finally, Morgan Stanley assumed coverage on shares of Warner Music Group in a report on Monday, May 6th. They set an “overweight” rating and a $43.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.88.

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.