Warner Music
About: Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 150,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappel controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 73% economic interest.
Employees: 5,900
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
227% more call options, than puts
Call options by funds: $114M | Put options by funds: $34.9M
7.34% more ownership
Funds ownership: 91.12% [Q1] → 98.47% (+7.34%) [Q2]
4% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 81
2% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 54
1% more capital invested
Capital invested by funds: $4.24B [Q1] → $4.27B (+$37.3M) [Q2]
0% more funds holding
Funds holding: 247 [Q1] → 248 (+1) [Q2]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Macquarie Tim Nollen 67% 1-year accuracy 14 / 21 met price target | 7%downside $30 | Neutral Maintained | 11 Oct 2024 |
B of A Securities Jessica Reif Cohen 0% 1-year accuracy 0 / 2 met price target | 7%downside $30 | Underperform Downgraded | 4 Oct 2024 |
Tigress Financial Ivan Feinseth 75% 1-year accuracy 56 / 75 met price target | 36%upside $44 | Buy Maintained | 12 Sept 2024 |
Deutsche Bank Benjamin Black 91% 1-year accuracy 10 / 11 met price target | 12%upside $36 | Buy Maintained | 13 Aug 2024 |
Macquarie Tim Nollen 67% 1-year accuracy 14 / 21 met price target | 1%downside $32 | Neutral Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 4 articles about WMG published over the past 30 days