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HomeMarketResultsWarner Music Group Corp. (NASDAQ:WMG) Receives Average Rating of "Moderate Buy" from...

Warner Music Group Corp. (NASDAQ:WMG) Receives Average Rating of “Moderate Buy” from Analysts


Shares of Warner Music Group Corp. (NASDAQ:WMGGet Rating) have acquired a mean suggestion of “Average Purchase” from the 13 analysts which are presently overlaying the agency, Marketbeat reviews. One funding analyst has rated the inventory with a promote suggestion, two have assigned a maintain suggestion and 5 have given a purchase suggestion to the corporate. The common 1-year worth goal amongst brokers which have coated the inventory within the final 12 months is $36.91.

Quite a lot of analysts just lately commented on the inventory. Deutsche Financial institution Aktiengesellschaft boosted their goal worth on shares of Warner Music Group from $30.00 to $37.00 in a report on Wednesday, November twenty third. Atlantic Securities upgraded shares of Warner Music Group from a “impartial” score to an “obese” score and boosted their worth goal for the corporate from $34.00 to $41.00 in a report on Monday, December nineteenth. Financial institution of America upgraded shares of Warner Music Group from an “underperform” score to a “impartial” score and boosted their worth goal for the corporate from $23.00 to $33.00 in a report on Wednesday, November twenty third. Guggenheim boosted their worth goal on shares of Warner Music Group to $38.00 in a report on Wednesday, December 14th. Lastly, The Goldman Sachs Group assumed protection on shares of Warner Music Group in a report on Monday, October tenth. They set a “purchase” score and a $32.00 worth goal on the inventory.

Warner Music Group Inventory Up 1.8 %

WMG stock opened at $38.59 on Tuesday. Warner Music Group has a 52 week low of $21.57 and a 52 week excessive of $44.64. The corporate has a market capitalization of $19.87 billion, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of three.86 and a beta of 1.58. The agency’s 50-day shifting common is $32.20 and its two-hundred day shifting common is $28.62. The corporate has a present ratio of 0.64, a fast ratio of 0.60 and a debt-to-equity ratio of twenty-two.21.

Warner Music Group (NASDAQ:WMGGet Rating) final launched its quarterly earnings outcomes on Tuesday, November twenty second. The corporate reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.15. Warner Music Group had a internet margin of 9.31% and a return on fairness of 342.19%. The corporate had income of $1.50 billion for the quarter, in comparison with the consensus estimate of $1.40 billion. On common, analysts forecast that Warner Music Group will put up 1.08 earnings per share for the present fiscal 12 months.

Warner Music Group Pronounces Dividend

The enterprise additionally just lately disclosed a quarterly dividend, which was paid on Thursday, December 1st. Buyers of document on Tuesday, November twenty second got a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized foundation and a yield of 1.66%. The ex-dividend date of this dividend was Monday, November twenty first. Warner Music Group’s payout ratio is presently 60.38%.

Insiders Place Their Bets

In different Warner Music Group information, Director Lincoln E. Benet bought 15,000 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, November thirtieth. The shares have been bought at a mean worth of $34.03, for a complete worth of $510,450.00. Following the completion of the sale, the director now instantly owns 399,341 shares of the corporate’s inventory, valued at $13,589,574.23. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible by means of this hyperlink. In different Warner Music Group information, Director Lincoln E. Benet bought 15,000 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, November thirtieth. The shares have been bought at a mean worth of $34.03, for a complete worth of $510,450.00. Following the completion of the sale, the director now instantly owns 399,341 shares of the corporate’s inventory, valued at $13,589,574.23. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible by means of this hyperlink. Additionally, Director Lincoln E. Benet bought 20,000 shares of the enterprise’s inventory in a transaction that occurred on Monday, November twenty eighth. The inventory was bought at a mean worth of $32.32, for a complete transaction of $646,400.00. Following the completion of the sale, the director now instantly owns 414,341 shares of the corporate’s inventory, valued at $13,391,501.12. The disclosure for this sale could be discovered here. Insiders personal 76.57% of the corporate’s inventory.

Institutional Buying and selling of Warner Music Group

Massive buyers have just lately modified their holdings of the corporate. Lazard Asset Administration LLC boosted its holdings in shares of Warner Music Group by 0.9% throughout the 2nd quarter. Lazard Asset Administration LLC now owns 669,989 shares of the corporate’s inventory price $16,320,000 after shopping for an extra 6,029 shares throughout the interval. Fox Run Administration L.L.C. acquired a brand new place in Warner Music Group throughout the 2nd quarter valued at $277,000. Darsana Capital Companions LP raised its stake in Warner Music Group by 28.6% throughout the 2nd quarter. Darsana Capital Companions LP now owns 4,500,000 shares of the corporate’s inventory valued at $109,620,000 after buying an extra 1,000,000 shares over the last quarter. Woodline Companions LP acquired a brand new place in Warner Music Group throughout the 2nd quarter valued at $3,076,000. Lastly, Clear Road Markets LLC acquired a brand new place in Warner Music Group throughout the 2nd quarter valued at $49,000. 23.10% of the inventory is owned by institutional buyers.

About Warner Music Group

(Get Rating)

Warner Music Group Corp. operates as a music leisure firm in america, the UK, Germany, and internationally. It operates by means of Recorded Music and Music Publishing segments. The Recorded Music phase is concerned within the discovery and growth of recording artists, in addition to associated advertising and marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog by means of compilations and reissuances of beforehand launched music and video titles, in addition to beforehand unreleased supplies; and conducts its operation primarily by means of a set of document labels, equivalent to Warner Information and Atlantic Information, in addition to Asylum, Massive Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin’ Information, Warner Classics, and Warner Music Nashville.

Featured Tales

Analyst Recommendations for Warner Music Group (NASDAQ:WMG)

This prompt information alert was generated by narrative science expertise and monetary information from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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