Warner Music Group Corp. (NASDAQ:WMG) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in shares of Warner Music Group Corp. (NASDAQ:WMG - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 225,531 shares of the company's stock after selling 12,473 shares during the quarter. Sei Investments Co.'s holdings in Warner Music Group were worth $6,991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Warner Music Group in the 4th quarter valued at approximately $35,000. GAMMA Investing LLC grew its holdings in Warner Music Group by 379.5% in the fourth quarter. GAMMA Investing LLC now owns 1,774 shares of the company's stock valued at $55,000 after purchasing an additional 1,404 shares during the last quarter. Rosenberg Matthew Hamilton increased its position 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 buying an additional 455 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Warner Music Group by 13.1% during the 4th quarter. Fifth Third Bancorp now owns 3,967 shares of the company's stock worth $123,000 after buying an additional 458 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in shares of Warner Music Group in the 4th quarter worth about $218,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Warner Music Group Stock Down 4.4 %

NASDAQ:WMG traded down $1.37 during mid-day trading on Friday, hitting $29.56. The company had a trading volume of 2,705,354 shares, compared to its average volume of 1,965,879. Warner Music Group Corp. has a 1 year low of $27.06 and a 1 year high of $36.64. The business has a fifty day simple moving average of $33.13 and a 200-day simple moving average of $32.07. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 5.67. The firm has a market capitalization of $15.38 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 1.03 and a beta of 1.32.

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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 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%. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a $0.18 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.72 dividend on an annualized basis and a yield of 2.44%. Warner Music Group's dividend payout ratio is currently 73.47%.

Insider Buying and Selling at Warner Music Group

In other Warner Music Group news, Director Valentin Blavatnik sold 28,230 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $2,419,958.80. This trade represents a 29.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Matusch sold 1,103 shares of Warner Music Group stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $36.49, for a total value of $40,248.47. Following the completion of the transaction, the executive vice president now owns 88,649 shares of the company's stock, valued at $3,234,802.01. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 72.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on WMG shares. FBN Securities assumed coverage on shares of Warner Music Group in a report on Friday, March 28th. They set a "sector perform" rating and a $35.00 target price for the company. Morgan Stanley dropped their price objective on shares of Warner Music Group from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Citigroup upgraded Warner Music Group from a "neutral" rating to a "buy" rating and increased their target price for the company from $34.00 to $42.00 in a report on Friday, February 14th. Macquarie reissued a "neutral" rating and set a $30.00 price target on shares of Warner Music Group in a research report on Thursday, January 30th. Finally, UBS Group reduced their price objective on 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.