22,378 Shares in Warner Music Group Corp. (NASDAQ:WMG) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new position in Warner Music Group Corp. (NASDAQ:WMG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 22,378 shares of the company's stock, valued at approximately $694,000.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Warner Music Group by 27.9% in the fourth quarter. JPMorgan Chase & Co. now owns 11,199,012 shares of the company's stock worth $347,169,000 after buying an additional 2,444,508 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Warner Music Group by 43.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,920,342 shares of the company's stock valued at $245,531,000 after purchasing an additional 2,400,500 shares during the period. Norges Bank acquired a new position in Warner Music Group during the fourth quarter valued at $27,088,000. Bank of New York Mellon Corp increased its holdings in shares of Warner Music Group by 62.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,140,665 shares of the company's stock valued at $35,361,000 after purchasing an additional 437,077 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Warner Music Group in the fourth quarter worth approximately $10,881,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Timothy Matusch sold 1,103 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $36.49, for a total transaction of $40,248.47. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Valentin Blavatnik sold 28,230 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were 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 in the company, valued at $2,419,958.80. This trade represents a 29.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,333 shares of company stock worth $1,072,432 in the last 90 days. Corporate insiders own 72.21% of the company's stock.

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Warner Music Group Price Performance

Shares of WMG stock traded up $0.12 during mid-day trading on Friday, reaching $29.03. The company's stock had a trading volume of 1,502,332 shares, compared to its average volume of 1,958,632. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.67 and a current ratio of 0.69. The firm's 50-day moving average is $32.72 and its two-hundred day moving average is $31.98. Warner Music Group Corp. has a 1-year low of $27.06 and a 1-year high of $36.64. The company has a market cap of $15.11 billion, a P/E ratio of 29.62, a PEG ratio of 1.03 and a beta of 1.32.

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

Warner Music Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Monday, February 24th. Warner Music Group's dividend payout ratio is currently 73.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WMG shares. FBN Securities began coverage on shares of Warner Music Group in a research note on Friday, March 28th. They set a "sector perform" rating and a $35.00 target price for the company. Macquarie reissued a "neutral" rating and issued a $30.00 target price on shares of Warner Music Group in a research report on Thursday, January 30th. Morgan Stanley cut their target price on Warner Music Group from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Evercore ISI decreased their target price on Warner Music Group from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, January 9th. Finally, Citigroup upgraded shares of Warner Music Group from a "neutral" rating to a "buy" rating and upped their price target 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, five have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.