Capital International Inc. CA Sells 2,153 Shares of Warner Music Group Corp. (NASDAQ:WMG)

Capital International Inc. CA trimmed its position in Warner Music Group Corp. (NASDAQ:WMG) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 57,791 shares of the company’s stock after selling 2,153 shares during the period. Capital International Inc. CA’s holdings in Warner Music Group were worth $1,792,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Warner Music Group during the fourth quarter worth about $35,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Warner Music Group in the 4th quarter valued at about $43,000. GAMMA Investing LLC lifted its holdings in shares of 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 in the last quarter. Rosenberg Matthew Hamilton raised its position in Warner Music Group by 14.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 3,705 shares of the company’s stock valued at $115,000 after buying an additional 455 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Warner Music Group by 13.1% in the 4th quarter. Fifth Third Bancorp now owns 3,967 shares of the company’s stock valued at $123,000 after acquiring an additional 458 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Warner Music Group

In other news, EVP Timothy Matusch sold 1,103 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $36.49, for a total transaction of $40,248.47. Following the sale, the executive vice president now directly owns 88,649 shares in the company, valued at approximately $3,234,802.01. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Valentin Blavatnik sold 28,230 shares of the firm’s stock in a transaction that occurred 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 owns 68,264 shares of the company’s stock, valued at approximately $2,419,958.80. This trade represents a 29.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,333 shares of company stock worth $1,072,432. Corporate insiders own 72.21% of the company’s stock.

Warner Music Group Stock Up 1.9 %

Shares of WMG opened at $29.12 on Monday. The firm has a 50 day simple moving average of $32.35 and a two-hundred day simple moving average of $31.90. The company has a market cap of $15.15 billion, a P/E ratio of 29.71, a P/E/G ratio of 1.03 and a beta of 1.32. Warner Music Group Corp. has a one year low of $27.06 and a one year high of $36.64. The company has a debt-to-equity ratio of 5.67, a current ratio of 0.69 and a quick ratio of 0.67.

Warner Music Group (NASDAQ:WMG) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.45 earnings per share 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%. Research analysts forecast that Warner Music Group Corp. will post 1.39 EPS for the current fiscal year.

Warner Music Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, February 24th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.47%. Warner Music Group’s payout ratio is presently 73.47%.

Analyst Ratings Changes

WMG has been the subject of a number of analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $40.00 target price on shares of Warner Music Group in a research report on Friday, February 7th. Macquarie reiterated a “neutral” rating and set a $30.00 target price on shares of Warner Music Group in a report on Thursday, January 30th. Evercore ISI lowered their price target on Warner Music Group from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. FBN Securities began coverage on Warner Music Group in a report on Friday, March 28th. They issued a “sector perform” rating and a $35.00 price objective for the company. Finally, UBS Group lowered their target price 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. Two investment 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.76.

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.