VCI Wealth Management LLC Makes New Investment in Warner Music Group Corp. (NASDAQ:WMG)

VCI Wealth Management LLC acquired a new position in shares of Warner Music Group Corp. (NASDAQ:WMG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,936 shares of the company’s stock, valued at approximately $821,000.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in Warner Music Group during the 4th quarter worth $38,000. Ramirez Asset Management Inc. acquired a new position in shares of Warner Music Group in the 3rd quarter valued at $75,000. Acadian Asset Management LLC acquired a new position in shares of Warner Music Group in the 3rd quarter valued at $228,000. Handelsbanken Fonder AB acquired a new position in shares of Warner Music Group in the 3rd quarter valued at $243,000. Finally, Exchange Traded Concepts LLC raised its stake in Warner Music Group by 206.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 8,679 shares of the company’s stock worth $273,000 after buying an additional 5,851 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Loop Capital increased their target price on Warner Music Group from $36.00 to $38.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Redburn Atlantic upgraded Warner Music Group from a “sell” rating to a “neutral” rating and raised their price objective for the company from $17.00 to $21.00 in a report on Monday, February 5th. Finally, Guggenheim reduced their price target on Warner Music Group from $46.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.88.

Warner Music Group Price Performance

Shares of NASDAQ WMG traded down $0.42 during midday trading on Thursday, reaching $31.55. The company’s stock had a trading volume of 1,046,686 shares, compared to its average volume of 1,458,171. The company has a debt-to-equity ratio of 6.50, a quick ratio of 0.67 and a current ratio of 0.70. Warner Music Group Corp. has a fifty-two week low of $23.62 and a fifty-two week high of $38.05. The business’s 50 day moving average price is $33.88 and its two-hundred day moving average price is $34.04. The company has a market cap of $16.34 billion, a P/E ratio of 36.33, a P/E/G ratio of 2.02 and a beta of 1.46.

Warner Music Group (NASDAQ:WMG) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.68 billion. Warner Music Group had a net margin of 7.42% and a return on equity of 128.86%. On average, analysts forecast that Warner Music Group Corp. will post 0.99 EPS for the current fiscal year.

Warner Music Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 22nd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.68 dividend on an annualized basis and a yield of 2.16%. Warner Music Group’s dividend payout ratio (DPR) is 77.27%.

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.