Warner Music Group Corp (NASDAQ: WMG) is -9.55% lower 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 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 $27.72 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $28.04, the stock is -6.54% and -13.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 1.15% at the moment leaves the stock -10.13% off its SMA200. WMG registered -15.31% loss for a year compared to 6-month gain of -13.14%. The firm has a 50-day simple moving average (SMA 50) of $32.3449 and a 200-day simple moving average (SMA200) of $31.199776.
The stock witnessed a -13.56% loss in the last 1 month and extending the period to 3 months gives it a -6.60%, and is -4.27% 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 3.02% over the week and 3.39% over the month.
Warner Music Group Corp (WMG) has around 5800 employees, a market worth around $14.59B and $6.34B in sales. Current P/E ratio is 28.77 and Fwd P/E is 18.85. Profit margin for the company is 7.96%. Distance from 52-week low is 3.62% and -23.47% from its 52-week high. The company has generated returns on investments over the last 12 months (10.69%).
with sales reaching $1.52B over the same period.The EPS is expected to grow by 3.00% this year, but quarterly earnings will post 1.10% year-over-year. Quarterly sales are estimated to grow 1.93% in year-over-year returns.
Warner Music Group Corp (WMG) Top Institutional Holders
351.0 institutions hold shares in Warner Music Group Corp (WMG), with institutional investors hold 107.56% of the company’s shares. The shares outstanding are 144.30M, and float is at 136.01M with Short Float at 3.99%. Institutions hold 105.60% 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 1.2892% 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 1.2814 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 6.38 million shares representing 1.24% and valued at over $195.66 million, while BLACKROCK INC. holds 1.0666 of the shares totaling 10.98 million with a market value of $336.59 million.
Warner Music Group Corp (WMG) Insider Activity
The most recent transaction is an insider sale by Matusch Timothy, the company’s EVP Strategy & Operations. SEC filings show that Matusch Timothy sold 1,000 shares of the company’s common stock on Apr 02 ’25 at a price of $31.43 per share for a total of $31430.0. Following the sale, the insider now owns 87649.0 shares.
Still, SEC filings show that on Feb 20 ’25, Blavatnik Valentin (Director) disposed off 28,230 shares at an average price of $35.45 for $1.0 million. The insider now directly holds 68,264 shares of Warner Music Group Corp (WMG).
