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Warner Music Group Corp. (NASDAQ:WMG) received a rating of “Moderate Buy” from 16 ratings firms, with 4 analysts issuing a hold rating and 12 issuing a buy rating, leading to an average 1-year price target of $37.19. CEO Max Lousada recently sold over 869,000 shares of the company’s stock in a transaction worth nearly $29 million. Institutional investors and hedge funds also made changes to their positions in the business.

Shares of WMG stock opened at $35.29 and had a 50-day simple moving average of $33.04 and a 200-day simple moving average of $31.40. The company had a net margin of 7.12% and a return on equity of 150.98%, with analysts expecting Warner Music Group to post 1.3 earnings per share for the current year. The business recently declared a quarterly dividend of $0.17, payable on December 1st.

Warner Music Group Corp. is a music entertainment company with a recorded music and music publishing segments and a large catalog of record labels. Despite its “Moderate Buy” rating, top-rated analysts believe there are five better buys than Warner Music Group.



Read more: Warner Music Group Corp. (NASDAQ:WMG) Receives Consensus Recommendation of “Moderate Buy” from Analysts