Warner Music (WMG)

• Market cap: $16.3B
• 1 day: -0.19%
• 5 days: -3.93%
• 1 month: -5.81%
• 3 months: -0.03%
• 6 months: -0.32%
• Year to date: -0.03%
• 1 year: -5.41%
• 5 years: 3.88%
• 10 years: 3.88%
• Sector: Consumer Discretionary
• Industry: Amusement & Recreation Services

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

698% more call options, than puts

Call options by funds: $50.1M | Put options by funds: $6.27M

5% more repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 88

0% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 4 (+0) [Q4]

3% less funds holding

Funds holding: 263 [Q3] → 256 (-7) [Q4]

7% less capital invested

Capital invested by funds: $4.91B [Q3] → $4.57B (-$340M) [Q4]

7.43% less ownership

Funds ownership: 110.77% [Q3] → 103.34% (-7.43%) [Q4]

11% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 45

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $30 4% downside
• Avg. target: $38 20% upside
• High target: $42 34% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

Citigroup Jason Bazinet 64% 1-year accuracy 21 / 33 met price target	34% upside $42	Buy Upgraded	14 Feb 2025
Guggenheim Michael Morris 68% 1-year accuracy 23 / 34 met price target	28% upside $40	Buy Reiterated	7 Feb 2025
Macquarie Tim Nollen 45% 1-year accuracy 17 / 38 met price target	4% downside $30	Neutral Maintained	30 Jan 2025
Morgan Stanley Benjamin Swinburne 52% 1-year accuracy 11 / 21 met price target	18% upside $37	Overweight Maintained	13 Jan 2025
UBS Batya Levi 100% 1-year accuracy 6 / 6 met price target	31% upside $41	Buy Maintained	10 Jan 2025