6 days Ago By Defense World Staff
Wellington Management Group LLP trimmed its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 70.
6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,217 shares of the company’s stock after selling 132,704 shares during the quarter. Wellington Management Group LLP’s holdings in Warner Bros.
Discovery were worth $584,000 at the end of the most recent reporting period. Other large investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its position in Warner Bros.
Discovery by 85.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 131,910 shares of the company’s stock valued at $1,394,000 after acquiring an additional 60,836 shares in the last quarter.
CIBC Private Wealth Group LLC boosted its position in shares of Warner Bros. Discovery by 34.1% during the fourth quarter.
CIBC Private Wealth Group LLC now owns 165,119 shares of the company’s stock valued at $1,661,000 after buying an additional 42,015 shares during the last quarter. Allianz SE purchased a new stake in Warner Bros. Discovery in the 4th quarter valued at $2,733,000.
Allstate Corp bought a new position in Warner Bros. Discovery during the 4th quarter valued at $726,000. Finally, DnB Asset Management AS grew its stake in shares of Warner Bros.
Discovery by 295.4% in the 4th quarter. DnB Asset Management AS now owns 1,519,337 shares of the company’s stock worth $16,059,000 after acquiring an additional 1,135,063 shares in the last quarter.
59.95% of the stock is currently owned by institutional investors. Warner Bros.
Discovery Trading Up 0.6 %Shares of Warner Bros. Discovery stock opened at $8.
02 on Tuesday. The company’s 50-day moving average price is $10.17 and its 200-day moving average price is $9.
76. The company has a market cap of $19.69 billion, a price-to-earnings ratio of -1.
75, a PEG ratio of 8.64 and a beta of 1.43.
Warner Bros. Discovery, Inc. has a 12-month low of $6.
64 and a 12-month high of $12.70. The company has a current ratio of 0.
80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported ($0.
20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.30).
The firm had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $10.16 billion.
Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.
34%. On average, equities analysts expect that Warner Bros. Discovery, Inc.
will post -4.33 earnings per share for the current fiscal year. Insider ActivityIn related news, Director Piazza Samuel A.
Jr. Di acquired 17,346 shares of the stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $11.
41 per share, for a total transaction of $197,917.86. Following the transaction, the director now owns 159,932 shares in the company, valued at $1,824,824.
12. This represents a 12.17 % increase in their position.
The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.
Wall Street Analyst Weigh InWBD has been the subject of a number of recent analyst reports. Moffett Nathanson raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $9.
00 to $13.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co.
lifted their price target on Warner Bros. Discovery from $9.00 to $10.
00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th.
The Goldman Sachs Group increased their price target on shares of Warner Bros. Discovery from $9.50 to $10.
75 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $13.00 target price on shares of Warner Bros.
Discovery in a research note on Friday, March 7th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Warner Bros.
Discovery presently has an average rating of “Moderate Buy” and a consensus target price of $11.66.View Our Latest Report on WBDWarner Bros.
Discovery Profile (Free Report)Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC.
The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.See AlsoFive stocks we like better than Warner Bros. DiscoveryWant to Profit on the Downtrend? Downtrends, Explained.
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(NASDAQ:WBD – Free Report)..
