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Saturday, December 9, 2023

Insights Into Warner Music Group Corp (WMG) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Warner Music Group Corp (WMG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.65, or -2.02%, to $31.51. The Warner Music Group Corp has recorded 30,210 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, November 16, 2023.

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Stocks Info

Warner Music Group Corp is listed on the NASDAQ in the Communication Services sector while operating in the Entertainment industry. At the end of the last regular session, the stock closed at $32.16 and fluctuated between $32.42 as its day high and $31.55 as its day low. The current market capitalization of Warner Music Group Corp is $16.59B. A total of 1.76 million shares were traded on the day, compared to an average of 1.31M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, WMG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 6 SELLs from insiders. Insiders purchased 758,261 shares during that period but sold 87,900.

In the most recent transaction, Benet Lincoln E sold 30,000 shares of WMG for 32.14 per share on Feb 24. After the transaction, the Director now owns 349,341 company shares. In a previous transaction on Feb 21, Benet Lincoln E sold 20,000 shares at 32.00 per share. WMG shares that Director owns now total 379,341.

Among the insiders who sold shares, Benet Lincoln E disposed of 15,000 shares on Nov 30 at a per-share price of $34.03. This resulted in the Director holding 399,341 shares of WMG after the transaction. In another insider transaction, Benet Lincoln E sold 20,000 shares at $32.32 per share on Nov 28. Company shares held by the Director now total 414,341.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Warner Music Group Corp pays an annual dividend of $0.52, resulting in a dividend yield of 1.62%, and it has a price to earnings (P/E) ratio of 39.55. WMG’s most recent ex-dividend date was 8/23/2023 when it declared a $0.17 quarterly dividend that was paid in cash on 9/1/2023. Previously, the company paid the dividend on 6/1/2023 with an ex-dividend date of 5/22/2023. The WMG stock dividend was $0.16 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for WMG in the last 3 months, the mean price target is $35.66 with high estimates of $40.00 and low estimates of $15.40. In terms of 52-week highs and lows, WMG has a high of $38.76 and a low of $23.62.

As of this writing, WMG has an earnings estimate of $0.25 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.28 per share and a lower estimate of $0.22. The company reported an EPS of $0.06 in the last quarter, which was -66.70% lower than expectations of $0.18.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. WMG’s latest balance sheet shows that the firm has $499.00M in Cash & Short Term Investments as of fiscal 2021. There were $3.68B in debt and $3.15B in liabilities at the time. Its Book Value Per Share was $0.54, while its Total Shareholder’s Equity was $46.00M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WMG is Buy with a score of 4.25.

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