Warner Music Group Corp (NASDAQ: WMG) is -10.45% lower on its value in year-to-date trading and has touched a low of $27.06 and a high of $38.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WMG stock was last observed hovering at around $31.85 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $32.05, the stock is -1.55% and 0.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing 0.63% at the moment leaves the stock 1.25% off its SMA200. WMG registered -3.81% loss for a year compared to 6-month gain of 8.02%. The firm has a 50-day simple moving average (SMA 50) of $31.7826 and a 200-day simple moving average (SMA200) of $31.6727.
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The stock witnessed a -1.02% loss in the last 1 month and extending the period to 3 months gives it a 10.14%, and is -3.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.31% over the week and 2.92% over the month.
Warner Music Group Corp (WMG) has around 5800 employees, a market worth around $16.60B and $6.43B in sales. Current P/E ratio is 38.65 and Fwd P/E is 19.64. Profit margin for the company is 6.68%. Distance from 52-week low is 18.44% and -15.77% from its 52-week high. The company has generated returns on investments over the last 12 months (9.01%).
The EPS is expected to grow by 3.65% this year.
Warner Music Group Corp (WMG) Top Institutional Holders
357.0 institutions hold shares in Warner Music Group Corp (WMG), with institutional investors hold 116.62% of the company’s shares. The shares outstanding are 142.56M, and float is at 134.34M with Short Float at 7.29%. Institutions hold 109.16% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 13.27 million shares valued at $406.86 million. The investor’s holdings represent 2.5634% of the WMG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.19 million shares valued at $404.38 million to account for 2.5478 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.98 million shares representing 2.1207% and valued at over $336.59 million, while FMR LLC holds 1.9045 of the shares totaling 9.86 million with a market value of $302.29 million.
Warner Music Group Corp (WMG) Insider Activity
The most recent transaction is an insider sale by Lousada Max, the company’s CEO, Recorded Music. SEC filings show that Lousada Max sold 250,769 shares of the company’s common stock on Sep 11 ’24 at a price of $28.09 per share for a total of $7.04 million. Following the sale, the insider now owns 2.04 million shares.
Warner Music Group Corp disclosed in a document filed with the SEC on Sep 10 ’24 that Lousada Max (CEO, Recorded Music) sold a total of 428,834 shares of the company’s common stock. The trade occurred on Sep 10 ’24 and was made at $28.00 per share for $12.01 million. Following the transaction, the insider now directly holds 2.29 million shares of the WMG stock.
Still, SEC filings show that on Sep 06 ’24, Lousada Max (CEO, Recorded Music) disposed off 7,359 shares at an average price of $28.24 for $0.21 million. The insider now directly holds 2,718,605 shares of Warner Music Group Corp (WMG).
