On December 20, 2024, Lincoln Benet, a Director at Warner Music Group Corp (WMG, Financial), sold 35,000 shares of the company, as reported in a SEC Filing. Following this transaction, the insider now owns 242,360 shares of the company.
Warner Music Group Corp (WMG) is a global music entertainment company. It operates through two segments: Recorded Music and Music Publishing. The Recorded Music segment includes the discovery and development of artists and the related marketing, distribution, and licensing of recorded music produced by such artists. The Music Publishing segment involves the acquisition, administration, and exploitation of the rights to musical compositions.
The insider transaction history for Warner Music Group Corp shows that there have been zero insider buys in total over the past year. Meanwhile, there have been four insider sells over the same timeframe. Over the past year, Lincoln Benet has sold 35,000 shares in total and purchased zero shares in total.
Shares of Warner Music Group Corp were trading for $30.96 apiece on the day of Lincoln Benet’s recent sale. This gives the stock a market cap of $16,099.268 million. The price-earnings ratio is 37.45, which is higher than the industry median of 17.66 and lower than the company’s historical median price-earnings ratio.
With a price of $30.96 and a GuruFocus Value of $34.13, Warner Music Group Corp has a price-to-GF-Value ratio of 0.91. This means the stock is fairly valued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus that is calculated based on the following three factors:
- Historical multiples (price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow) that the stock has traded at.
- A GuruFocus adjustment factor based on the company’s past returns and growth.
- Future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
