Warner Music Group Corp (NASDAQ: WMG) is 7.71% higher on its value in year-to-date trading and has touched a low of $27.06 and a high of $36.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WMG stock was last observed hovering at around $33.09 in the last trading session, with the day’s gains setting it 0.3%.
Currently trading at $33.39, the stock is -2.33% and 3.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 0.91% at the moment leaves the stock 7.35% off its SMA200. WMG registered -5.89% loss for a year compared to 6-month gain of 16.71%.
The stock witnessed a 4.67% loss in the last 1 month and extending the period to 3 months gives it a 2.68%, and is -2.57% 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 2.42% over the week and 2.79% over the month.
Warner Music Group Corp (WMG) has around 5800 employees, a market worth around $17.37B and $6.34B in sales. Current P/E ratio is 34.26 and Fwd P/E is 22.00. Profit margin for the company is 7.96%. Distance from 52-week low is 23.39% and -8.87% from its 52-week high. The company has generated returns on investments over the last 12 months (10.69%).
The EPS is expected to grow by 5.60% this year
The shares outstanding are 144.30M, and float is at 136.00M with Short Float at 6.96%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.19 million shares valued at $404.38 million. The investor’s holdings represent 2.5478 of the WMG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.98 million shares valued at $336.59 million to account for 2.1207 of the shares outstanding. The other top investors are FMR LLC which holds 9.86 million shares representing 1.9045 and valued at over $302.29 million, while CAPITAL WORLD INVESTORS holds 1.2892 of the shares totaling 13.27 million with a market value of $406.86 million.
Warner Music Group Corp (WMG) Insider Activity
A total of 0 insider transactions have happened at Warner Music Group Corp (WMG) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Blavatnik Valentin, the company’s Director. SEC filings show that Blavatnik Valentin sold 28,230 shares of the company’s common stock on Feb 20 ’25 at a price of $35.45 per share for a total of $1.0 million. Following the sale, the insider now owns 68264.0 shares.
Warner Music Group Corp disclosed in a document filed with the SEC on Feb 14 ’25 that Matusch Timothy (EVP Strategy & Operations) sold a total of 1,103 shares of the company’s common stock. The trade occurred on Feb 14 ’25 and was made at $36.49 per share for $40248.0. Following the transaction, the insider now directly holds 88649.0 shares of the WMG stock.
Still, SEC filings show that on Feb 12 ’25, Osherova Maria (EVP, Chief Human Res. Officer) disposed off 6,553 shares at an average price of $33.90 for $0.22 million. The insider now directly holds 44,699 shares of Warner Music Group Corp (WMG).
