Hahn Capital Management LLC Has $6.91 Million Holdings in Warner Music Group Corp. $WMG

Hahn Capital Management LLC cut its stake in Warner Music Group Corp. (NASDAQ:WMG) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,348 shares of the company’s stock after selling 17,767 shares during the period. Warner Music Group accounts for about 3.7% of Hahn Capital Management LLC’s investment portfolio, making the stock its 13th biggest position. Hahn Capital Management LLC’s holdings in Warner Music Group were worth $6,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Warner Music Group by 15.2% in the fourth quarter. JPMorgan Chase & Co. now owns 16,645,276 shares of the company’s stock valued at $510,511,000 after purchasing an additional 2,200,362 shares in the last quarter. Millennium Management LLC lifted its holdings in Warner Music Group by 178.5% during the 3rd quarter. Millennium Management LLC now owns 3,183,654 shares of the company’s stock worth $108,435,000 after buying an additional 2,040,425 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Warner Music Group by 12.2% during the 3rd quarter. Vanguard Group Inc. now owns 16,914,577 shares of the company’s stock worth $576,110,000 after buying an additional 1,837,801 shares in the last quarter. Barclays PLC boosted its position in Warner Music Group by 5,055.5% in the 3rd quarter. Barclays PLC now owns 1,860,687 shares of the company’s stock valued at $63,375,000 after buying an additional 1,824,596 shares during the last quarter. Finally, UBS Group AG boosted its position in Warner Music Group by 112.8% in the 3rd quarter. UBS Group AG now owns 2,226,151 shares of the company’s stock valued at $75,823,000 after buying an additional 1,180,256 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Warner Music Group Price Performance

WMG opened at $28.17 on Friday. The company has a fifty day moving average price of $30.58 and a two-hundred day moving average price of $29.18. The firm has a market capitalization of $14.69 billion, a PE ratio of 33.14, a P/E/G ratio of 0.42 and a beta of 1.27. Warner Music Group Corp. has a 52 week low of $23.34 and a 52 week high of $35.42. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.71 and a current ratio of 0.73.

Warner Music Group (NASDAQ:WMG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14. Warner Music Group had a return on equity of 62.01% and a net margin of 6.34%.The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the business posted $0.07 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, analysts anticipate that Warner Music Group Corp. will post 1.52 earnings per share for the current year.

Warner Music Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 26th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, May 26th. Warner Music Group’s dividend payout ratio is currently 89.41%.

Analyst Ratings Changes

Several research firms have recently commented on WMG. Sanford C. Bernstein reissued an “outperform” rating on shares of Warner Music Group in a research note on Friday, May 8th. Morgan Stanley set a $39.00 price target on Warner Music Group in a research note on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Warner Music Group in a report on Friday, March 27th. Zacks Research upgraded Warner Music Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Warner Music Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.38.

About Warner Music Group

Warner Music Group is a major global music company that operates across recorded music and music publishing. Its recorded-music business comprises a portfolio of well-known labels—including Atlantic, Warner Records and Parlophone—as well as distribution and artist-services operations that support both established and emerging artists. The company’s publishing arm, Warner Chappell Music, manages songwriting catalogs and administers rights for compositions across multiple media, providing licensing for film, television, advertising and other commercial uses.

WMG’s activities span the full music value chain: signing and developing artists, producing and marketing recordings, distributing music through physical channels and streaming platforms, and monetizing rights through licensing, synchronization and neighboring-rights collection.