Warner Music Group Reports EPS Beat as Investors Increase WMG Stakes
Parallel Advisors bought 1,195 more Warner Music Group shares to hold 1,531, while Quadrant Capital increased its stake to 1,890 shares after buying 1,665. Bank of New York Mellon also added shares, per filings. Warner Music Group reported quarterly EPS of $0.51, above the $0.34 consensus, with the previous quarterly dividend cited as $0.19.