Warner MusicWMG
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 Q3 regulatory filings by fund managers ($100M+ AUM)
17% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 54
7% more capital invested
Capital invested by funds: $4.31B [Q2] → $4.62B (+$314M) [Q3]
5.02% more ownership
Funds ownership: 99.23% [Q2] → 104.25% (+5.02%) [Q3]
4% more funds holding
Funds holding: 248 [Q2] → 257 (+9) [Q3]
1% less call options, than puts
Call options by funds: $90.7M | Put options by funds: $92M
2% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 88
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Macquarie Tim Nollen 76% 1-year accuracy 29 / 38 met price target | 9%downside $30 | Neutral Maintained | 11 Oct 2024 |
B of A Securities Jessica Reif Cohen 0% 1-year accuracy 0 / 3 met price target | 9%downside $30 | Underperform Downgraded | 4 Oct 2024 |
Tigress Financial Ivan Feinseth 77% 1-year accuracy 57 / 74 met price target | 34%upside $44 | Buy Maintained | 12 Sept 2024 |
Financial journalist opinion
Based on 3 articles about WMG published over the past 30 days
