Sei Investments Co. Has $16.12 Million Stake in Warner Music Group Corp. $WMG

Sei Investments Co. raised its position in shares of Warner Music Group Corp. (NASDAQ:WMG) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 631,224 shares of the company’s stock after acquiring an additional 21,994 shares during the period. Sei Investments Co.’s holdings in Warner Music Group were worth $16,121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Warner Music Group in the fourth quarter worth about $40,000. Caitong International Asset Management Co. Ltd boosted its stake in Warner Music Group by 774.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,207 shares of the company’s stock valued at $41,000 after purchasing an additional 1,069 shares during the period. Osaic Holdings Inc. boosted its stake in Warner Music Group by 480.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,493 shares of the company’s stock valued at $41,000 after purchasing an additional 1,236 shares during the period. Parallel Advisors LLC grew its holdings in Warner Music Group by 355.7% in the 4th quarter. Parallel Advisors LLC now owns 1,531 shares of the company’s stock valued at $47,000 after buying an additional 1,195 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Warner Music Group by 740.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,890 shares of the company’s stock valued at $58,000 after buying an additional 1,665 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Warner Music Group Price Performance

Shares of Warner Music Group stock opened at $27.56 on Friday. The firm has a market cap of $14.38 billion, a P/E ratio of 32.42, a price-to-earnings-growth ratio of 0.43 and a beta of 1.30. The firm’s 50-day simple moving average is $28.94 and its 200-day simple moving average is $28.90. Warner Music Group Corp. has a twelve month low of $23.34 and a twelve month 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 (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.14. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.61 billion. Warner Music Group had a net margin of 6.34% and a return on equity of 62.01%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. As a group, research analysts expect that Warner Music Group Corp. will post 1.52 EPS for the current fiscal year.

Warner Music Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 26th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.8%. Warner Music Group’s dividend payout ratio is presently 89.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen lowered Warner Music Group from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Warner Music Group in a research note on Wednesday, June 24th. JPMorgan Chase & Co. boosted their target price on shares of Warner Music Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Evercore reiterated an “outperform” rating and set a $43.00 target price on shares of Warner Music Group in a research note on Friday, May 8th. Finally, UBS Group increased their price target on shares of Warner Music Group from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, May 8th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.43.

Warner Music Group Company Profile

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.