Warner Music Group’s (WMG) “Buy” Rating Reiterated at Guggenheim

Posted by Francis Steltz on Oct 2nd, 2026

Guggenheim reaffirmed their buy rating on shares of Warner Music Group (NASDAQ:WMG – Free Report) in a research note released on Tuesday morning,Benzinga reports. The firm currently has a $36.00 price target on the stock.

WMG has been the subject of several other research reports. Morgan Stanley restated an “overweight” rating and issued a $36.00 price target on shares of Warner Music Group in a research note on Thursday, August 6th. Zacks Research cut Warner Music Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Wall Street Zen lowered Warner Music Group from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Warner Music Group in a research note on Monday, September 21st. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Warner Music Group presently has a consensus rating of “Moderate Buy” and an average target price of $38.33.

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Warner Music Group Trading Down 2.0%

NASDAQ WMG opened at $27.05 on Tuesday. The firm has a 50 day simple moving average of $27.39 and a 200-day simple moving average of $28.31. The company has a debt-to-equity ratio of 4.94, a quick ratio of 0.72 and a current ratio of 0.73. Warner Music Group has a one year low of $23.34 and a one year high of $35.42. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 0.47 and a beta of 1.40.

Warner Music Group (NASDAQ:WMG – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.17. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. Warner Music Group had a net margin of 9.20% and a return on equity of 85.50%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. Equities research analysts anticipate that Warner Music Group will post 1.45 EPS for the current fiscal year.

Warner Music Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 20th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, August 20th. This is a positive change from Warner Music Group’s previous quarterly dividend of $0.19. Warner Music Group’s dividend payout ratio (DPR) is 63.49%.

Institutional Investors Weigh In On Warner Music Group

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Warner Music Group by 15.2% in the fourth quarter. JPMorgan Chase & Co. now owns 16,645,276 shares of the company’s stock valued at $510,511,000 after buying an additional 2,200,362 shares during the last quarter. Darsana Capital Partners LP lifted its holdings in Warner Music Group by 0.8% during the 2nd quarter. Darsana Capital Partners LP now owns 11,943,199 shares of the company’s stock worth $323,302,000 after buying an additional 93,199 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Warner Music Group by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 2,208,005 shares of the company’s stock worth $67,743,000 after acquiring an additional 56,727 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Warner Music Group by 88.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,521,800 shares of the company’s stock worth $38,867,000 after acquiring an additional 713,578 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Warner Music Group by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,275,640 shares of the company’s stock valued at $32,580,000 after acquiring an additional 16,295 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Warner Music Group Company Profile

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Warner Music Group Corp. is a global music entertainment company that operates through two primary businesses: recorded music and music publishing. Its recorded-music operations discover, develop, market and distribute music from artists and songwriters through labels including Warner Records, Atlantic Records and Parlophone, as well as a range of regional and specialty labels.

The company’s music publishing division, Warner Chappell Music, manages copyrights and licenses compositions for use in recordings, films, television, advertising, video games and other media.