Warner Music Group (NASDAQ:WMG) Price Target Lowered to $41.00 at UBS Group

Warner Music Group (NASDAQ:WMG - Get Free Report) had its price objective decreased by analysts at UBS Group from $43.00 to $41.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price objective would suggest a potential upside of 39.74% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Bank of America restated an "underperform" rating and set a $30.00 price target (down from $33.00) on shares of Warner Music Group in a research report on Friday, October 4th. Citigroup upped their price target on Warner Music Group from $31.00 to $34.00 and gave the company a "neutral" rating in a report on Friday, November 29th. Barclays decreased their target price on Warner Music Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Macquarie reaffirmed a "neutral" rating and set a $30.00 target price on shares of Warner Music Group in a report on Friday, November 22nd. Finally, Tigress Financial dropped their price target on Warner Music Group from $52.00 to $44.00 and set a "buy" rating on the stock in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Warner Music Group currently has an average rating of "Hold" and a consensus price target of $35.69.

Warner Music Group Stock Up 0.1 %

Warner Music Group stock traded up $0.04 during midday trading on Friday, hitting $29.34. The stock had a trading volume of 4,187,666 shares, compared to its average volume of 2,435,128. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 5.95. The business has a fifty day moving average price of $31.87 and a 200 day moving average price of $30.77. Warner Music Group has a 12 month low of $27.06 and a 12 month high of $38.05. The stock has a market cap of $15.20 billion, a P/E ratio of 35.35, a P/E/G ratio of 0.70 and a beta of 1.35.

Warner Music Group (NASDAQ:WMG - Get Free Report) last released its quarterly earnings data on Thursday, November 21st. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.20). Warner Music Group had a return on equity of 69.29% and a net margin of 6.77%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the company earned $0.34 EPS. Warner Music Group's revenue was up 2.8% compared to the same quarter last year. Research analysts predict that Warner Music Group will post 1.34 EPS for the current year.

Insider Transactions at Warner Music Group

In other Warner Music Group news, Director Lincoln E. Benet sold 35,000 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $30.96, for a total value of $1,083,600.00. Following the completion of the sale, the director now owns 242,360 shares of the company's stock, valued at $7,503,465.60. The trade was a 12.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 73.35% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Benjamin Edwards Inc. lifted its position in Warner Music Group by 74.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 953 shares of the company's stock worth $29,000 after acquiring an additional 407 shares during the last quarter. Concord Wealth Partners bought a new position in shares of Warner Music Group in the third quarter worth about $30,000. Assetmark Inc. lifted its position in shares of Warner Music Group by 9,400.0% during the 3rd quarter. Assetmark Inc. now owns 1,235 shares of the company's stock worth $39,000 after purchasing an additional 1,222 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Warner Music Group by 379.5% during the 4th quarter. GAMMA Investing LLC now owns 1,774 shares of the company's stock worth $55,000 after purchasing an additional 1,404 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in Warner Music Group during the 3rd quarter valued at approximately $73,000. 96.88% of the stock is owned by institutional investors.

About Warner Music Group

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.