162,293 Shares in Warner Music Group Corp. (NASDAQ:WMG) Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Warner Music Group Corp. (NASDAQ:WMG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 162,293 shares of the company's stock, valued at approximately $5,034,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its stake in Warner Music Group by 10.7% in the fourth quarter. LPL Financial LLC now owns 18,142 shares of the company's stock valued at $562,000 after purchasing an additional 1,756 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Warner Music Group by 17.2% in the 4th quarter. Quantbot Technologies LP now owns 51,945 shares of the company's stock valued at $1,610,000 after buying an additional 7,608 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Warner Music Group during the 4th quarter worth approximately $321,000. Corient Private Wealth LLC acquired a new stake in shares of Warner Music Group during the 4th quarter worth approximately $218,000. Finally, Wealthfront Advisers LLC bought a new position in Warner Music Group in the fourth quarter valued at approximately $870,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Warner Music Group news, Director Valentin Blavatnik sold 28,230 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $35.45, for a total value of $1,000,753.50. Following the completion of the transaction, the director now owns 68,264 shares in the company, valued at $2,419,958.80. This represents a 29.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Matusch sold 1,103 shares of Warner Music Group stock in a transaction 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 in the company, valued at $3,234,802.01. The trade was a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,333 shares of company stock worth $1,072,432 over the last quarter. Insiders own 72.21% of the company's stock.

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Warner Music Group Stock Down 4.7 %

WMG traded down $1.45 during trading on Friday, hitting $29.48. 3,950,729 shares of the company's stock were exchanged, compared to its average volume of 1,970,675. The stock has a market cap of $15.34 billion, a P/E ratio of 30.08, a PEG ratio of 1.03 and a beta of 1.32. The business's 50 day moving average is $33.13 and its two-hundred day moving average is $32.07. Warner Music Group Corp. has a fifty-two week low of $27.06 and a fifty-two week 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.

Warner Music Group (NASDAQ:WMG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.45 EPS for the quarter, topping 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%. As a group, equities analysts expect that Warner Music Group Corp. will post 1.39 earnings per share for the current fiscal year.

Warner Music Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a $0.18 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.72 annualized dividend and a dividend yield of 2.44%. Warner Music Group's payout ratio is 73.47%.

Analyst Upgrades and Downgrades

WMG has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price on Warner Music Group from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Guggenheim reissued a "buy" rating and set a $40.00 price target on shares of Warner Music Group in a research note on Friday, February 7th. UBS Group lowered their price objective on Warner Music Group from $43.00 to $41.00 and set a "buy" rating for the company in a research note on Friday, January 10th. FBN Securities assumed coverage on shares of Warner Music Group in a research report on Friday, March 28th. They set a "sector perform" rating and a $35.00 target price on the stock. Finally, Citigroup raised 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 research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $35.76.

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.