Insider Selling: Warner Music Group Corp. (NASDAQ:WMG) EVP Sells 1,000 Shares of Stock

Warner Music Group Corp. (NASDAQ:WMG - Get Free Report) EVP Timothy Matusch sold 1,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.43, for a total value of $31,430.00. Following the transaction, the executive vice president now directly owns 87,649 shares of the company's stock, valued at $2,754,808.07. This trade represents a 1.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Timothy Matusch also recently made the following trade(s):

• On Friday, February 14th, Timothy Matusch sold 1,103 shares of Warner Music Group stock. The shares were sold at an average price of $36.49, for a total value of $40,248.47.

Warner Music Group Stock Performance

Shares of WMG stock traded up $1.69 on Wednesday, reaching $29.74. The stock had a trading volume of 2,055,824 shares, compared to its average volume of 1,956,851. The stock has a market cap of $15.48 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 1.03 and a beta of 1.32. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.67 and a current ratio of 0.69. Warner Music Group Corp. has a 1 year low of $27.06 and a 1 year high of $36.64. The company has a 50 day simple moving average of $32.93 and a 200 day simple moving average of $32.03.

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

Warner Music Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, February 24th. Warner Music Group's dividend payout ratio (DPR) is presently 73.47%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Evercore ISI decreased their price objective on Warner Music Group from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Thursday, January 9th. Citigroup raised Warner Music Group from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $34.00 to $42.00 in a research note on Friday, February 14th. Macquarie reissued 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 dropped their price target on shares of 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. Finally, FBN Securities began 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 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $35.76.

Institutional Investors Weigh In On Warner Music Group

Hedge funds have recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC boosted its position in Warner Music Group by 3.4% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 12,269 shares of the company's stock valued at $380,000 after buying an additional 408 shares during the period. Keystone Financial Services raised its stake in shares of 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 acquiring an additional 432 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of 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 period. Fifth Third Bancorp grew its stake in Warner Music Group by 13.1% in the fourth quarter. Fifth Third Bancorp now owns 3,967 shares of the company's stock worth $123,000 after purchasing an additional 458 shares in the last quarter. Finally, Capital International Ltd. CA increased its holdings in Warner Music Group by 0.4% during the 4th quarter. Capital International Ltd. CA now owns 117,095 shares of the company's stock worth $3,630,000 after purchasing an additional 479 shares during the period. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

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.