Warner Music Group Corp. (NASDAQ:WMG) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its stake in shares of Warner Music Group Corp.

( NASDAQ:WMG – Free Report ) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,129 shares of the company’s stock after selling 2,376 shares during the period.



Alliancebernstein L.P.’s holdings in Warner Music Group were worth $3,910,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Warner Music Group by 27.

9% during the fourth quarter. JPMorgan Chase & Co. now owns 11,199,012 shares of the company’s stock worth $347,169,000 after buying an additional 2,444,508 shares in the last quarter.

Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Warner Music Group by 43.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,920,342 shares of the company’s stock worth $245,531,000 after acquiring an additional 2,400,500 shares during the period.

Geode Capital Management LLC raised its holdings in shares of Warner Music Group by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,628,263 shares of the company’s stock worth $82,284,000 after acquiring an additional 49,166 shares during the period.

State Street Corp grew its holdings in shares of Warner Music Group by 0.5% in the third quarter. State Street Corp now owns 2,247,719 shares of the company’s stock valued at $70,354,000 after purchasing an additional 10,222 shares during the period.

Finally, Bank of New York Mellon Corp increased its position in Warner Music Group by 62.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,140,665 shares of the company’s stock worth $35,361,000 after purchasing an additional 437,077 shares during the last quarter.

Institutional investors and hedge funds own 96.88% of the company’s stock. Insider Buying and Selling at Warner Music Group In other news, Director Valentin Blavatnik sold 28,230 shares of the stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, EVP Timothy Matusch sold 1,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd.

The shares were sold at an average price of $31.43, for a total value of $31,430.00.

Following the completion of the sale, the executive vice president now directly owns 87,649 shares of the company’s stock, valued at approximately $2,754,808.07. This represents a 1.

13 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 30,333 shares of company stock worth $1,072,432 in the last 90 days.

72.21% of the stock is owned by corporate insiders. Warner Music Group Trading Up 0.

9 % Warner Music Group ( NASDAQ:WMG – Get Free Report ) last posted its earnings results on Thursday, February 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.

34 by $0.11. Warner Music Group had a return on equity of 79.

01% and a net margin of 8.07%. On average, analysts anticipate that Warner Music Group Corp.

will post 1.39 EPS for the current year. Warner Music Group Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th.

Investors of record on Monday, February 24th were issued a $0.18 dividend. This represents a $0.

72 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Monday, February 24th.

Warner Music Group’s dividend payout ratio is currently 73.47%. Analyst Ratings Changes A number of analysts have recently issued reports on the stock.

Evercore ISI cut their price target on shares of Warner Music Group from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, January 9th.

Macquarie restated a “neutral” rating and issued a $30.00 target price on shares of Warner Music Group in a research report on Thursday, January 30th. Guggenheim reiterated a “buy” rating and set a $40.

00 price target on shares of Warner Music Group in a report on Friday, February 7th. FBN Securities initiated coverage on shares of Warner Music Group in a report on Friday, March 28th. They issued a “sector perform” rating and a $35.

00 price objective on the stock. Finally, Citigroup raised shares of Warner Music Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $34.00 to $42.

00 in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Warner Music Group currently has a consensus rating of “Hold” and a consensus price target of $35.

76. Get Our Latest Stock Analysis on Warner Music Group Warner Music Group Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding WMG? Visit HoldingsChannel.

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