VisionPoint Advisory Group LLC Has $2.10 Million Stock Holdings in Warner Music Group Corp. (NASDAQ:WMG)

VisionPoint Advisory Group LLC grew its position in Warner Music Group Corp. (NASDAQ:WMG) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,236 shares of the company’s stock after purchasing an additional 1,009 shares during the period. VisionPoint Advisory Group LLC’s holdings in Warner Music Group were worth $2,104,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Warner Music Group by 37.1% in the third quarter. JPMorgan Chase & Co. now owns 8,754,504 shares of the company’s stock worth $274,016,000 after purchasing an additional 2,370,973 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of Warner Music Group by 2,699.4% during the third quarter. Mawer Investment Management Ltd. now owns 8,217,467 shares of the company’s stock worth $257,207,000 after acquiring an additional 7,923,926 shares during the period. D1 Capital Partners L.P. raised its holdings in shares of Warner Music Group by 91.5% during the third quarter. D1 Capital Partners L.P. now owns 5,264,498 shares of the company’s stock worth $164,779,000 after acquiring an additional 2,514,715 shares during the period. Geode Capital Management LLC raised its holdings in shares of Warner Music Group by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,628,263 shares of the company’s stock worth $82,284,000 after acquiring an additional 49,166 shares during the period. Finally, State Street Corp raised its holdings in shares of Warner Music Group by 0.5% during the third quarter. State Street Corp now owns 2,247,719 shares of the company’s stock worth $70,354,000 after acquiring an additional 10,222 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Warner Music Group news, EVP Timothy Matusch sold 1,103 shares of Warner Music Group stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $36.49, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lincoln E. Benet sold 35,000 shares of Warner Music Group stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $30.96, for a total transaction 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. This trade represents a 12.62 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 72.21% of the company’s stock.

Warner Music Group Stock Performance

Shares of WMG stock opened at $35.57 on Friday. The company has a market capitalization of $18.51 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 1.03 and a beta of 1.35. 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 company has a 50-day simple moving average of $31.73 and a 200 day simple moving average of $31.11. Warner Music Group Corp. has a 52 week low of $27.06 and a 52 week high of $36.64.

Warner Music Group (NASDAQ:WMG) last announced its earnings results on Thursday, February 6th. The company reported $0.45 EPS 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, sell-side analysts predict that Warner Music Group Corp. will post 1.39 earnings per share for the current year.

Warner Music Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, February 24th. Warner Music Group’s dividend payout ratio (DPR) is 73.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Citigroup upgraded shares of Warner Music Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $34.00 to $42.00 in a report on Friday, February 14th. UBS Group dropped their price objective on shares of Warner Music Group from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Guggenheim restated a “buy” rating and set a $40.00 price objective on shares of Warner Music Group in a report on Friday, February 7th. Morgan Stanley decreased their target price on shares of Warner Music Group from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, Barclays decreased their target price on shares of Warner Music Group from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.81.

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.