The stock of Warner Music Group Corp (NASDAQ: WMG) has decreased by -2.19 when compared to last closing price of 32.40.Despite this, the company has seen a loss of -1.46% in its stock price over the last five trading days. https://www.defenseworld.net reported 2024-05-20 that WMG Financial Advisors LLC acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,762 shares of the financial services provider’s stock, valued at approximately $300,000. A number of other hedge funds also recently modified their holdings of JPM. Stone House Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares in the last quarter. Bare Financial Services Inc purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $35,000. Partnership Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $36,000. Briaud Financial Planning Inc purchased a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $40,000. Finally, Stuart Chaussee & Associates Inc. acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 71.55% of the company’s stock. JPMorgan Chase & Co. Price Performance JPMorgan Chase & Co. stock opened at $204.79 on Monday. The stock has a market cap of $588.09 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 2.52 and a beta of 1.13. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12-month low of $134.40 and a 12-month high of $205.05. The business’s 50-day simple moving average is $193.84 and its 200 day simple moving average is $176.60. JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 16.22 earnings per share for the current year. JPMorgan Chase & Co. Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $1.15 per share. The ex-dividend date was Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.25%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%. Insider Activity In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the sale, the chief executive officer now directly owns 595,316 shares in the company, valued at approximately $108,782,092.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, General Counsel Stacey Friedman sold 6,030 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now directly owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. Insiders have sold 1,071,414 shares of company stock worth $196,746,504 over the last ninety days. Insiders own 0.79% of the company’s stock. Analyst Upgrades and Downgrades JPM has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Evercore ISI raised their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Jefferies Financial Group lifted their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Finally, Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.05. Check Out Our Latest Stock Analysis on JPMorgan Chase & Co. JPMorgan Chase & Co. Company Profile (Free Report) JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
Is It Worth Investing in Warner Music Group Corp (NASDAQ: WMG) Right Now?
Warner Music Group Corp (NASDAQ: WMG) has a higher price-to-earnings ratio of 31.35x compared to its average ratio, The 36-month beta value for WMG is at 1.39. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for WMG is 133.92M, and currently, shorts hold a 3.12% of that float. The average trading volume for WMG on May 22, 2024 was 1.67M shares.
WMG’s Market Performance
The stock of Warner Music Group Corp (WMG) has seen a -1.46% decrease in the past week, with a -4.14% drop in the past month, and a -8.78% fall in the past quarter. The volatility ratio for the week is 2.23%, and the volatility levels for the past 30 days are at 2.94% for WMG.. The simple moving average for the past 20 days is -3.74% for WMG’s stock, with a -5.47% simple moving average for the past 200 days.
Analysts’ Opinion of WMG
Many brokerage firms have already submitted their reports for WMG stocks, with Morgan Stanley repeating the rating for WMG by listing it as a “Overweight.” The predicted price for WMG in the upcoming period, according to Morgan Stanley is $43 based on the research report published on May 06, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see WMG reach a price target of $21, previously predicting the price at $17. The rating they have provided for WMG stocks is “Neutral” according to the report published on February 05th, 2024.
Wells Fargo gave a rating of “Equal Weight” to WMG, setting the target price at $35 in the report published on November 15th of the previous year.
WMG Trading at -4.61% from the 50-Day Moving Average
After a stumble in the market that brought WMG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.71% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares sank -1.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.96% lower at present.
During the last 5 trading sessions, WMG fell by -1.46%, which changed the moving average for the period of 200-days by +1.67% in comparison to the 20-day moving average, which settled at $32.90. In addition, Warner Music Group Corp saw -11.46% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WMG starting from Benet Lincoln E, who sale 71,981 shares at the price of $36.12 back on Feb 15 ’24. After this action, Benet Lincoln E now owns 277,360 shares of Warner Music Group Corp, valued at $2,599,954 using the latest closing price.
Lousada Max, the CEO, Recorded Music of Warner Music Group Corp, sale 869,008 shares at $33.36 during a trade that took place back on Dec 05 ’23, which means that Lousada Max is holding 1,883,578 shares at $28,990,107 based on the most recent closing price.
Stock Fundamentals for WMG
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.46 for the gross margin
The net margin for Warner Music Group Corp stands at 0.08. The total capital return value is set at 0.19. Equity return is now at value 152.41, with 6.24 for asset returns.
Based on Warner Music Group Corp (WMG), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 9.3. The interest coverage ratio of the stock is 6.46.
Currently, EBITDA for the company is 1.08 billion with net debt to EBITDA at 2.79. When we switch over and look at the enterprise to sales, we see a ratio of 3.14. The receivables turnover for the company is 5.34for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.
Conclusion
In conclusion, Warner Music Group Corp (WMG) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
