Raymond James Financial Services Advisors Inc. Boosts Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Raymond James Financial Services Advisors Inc. lifted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 501,887 shares of the company’s stock after purchasing an additional 3,754 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Warner Bros. Discovery were worth $5,711,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its holdings in Warner Bros. Discovery by 124,559.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 28,075,738 shares of the company’s stock worth $266,158,000 after buying an additional 28,053,216 shares during the period. Norges Bank purchased a new stake in Warner Bros. Discovery in the fourth quarter worth about $196,222,000. State Street Corp lifted its holdings in Warner Bros. Discovery by 7.7% in the second quarter. State Street Corp now owns 118,339,932 shares of the company’s stock worth $1,483,983,000 after buying an additional 8,495,066 shares during the period. Boston Partners lifted its holdings in Warner Bros. Discovery by 43.0% in the third quarter. Boston Partners now owns 14,225,819 shares of the company’s stock worth $153,713,000 after buying an additional 4,275,994 shares during the period. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Warner Bros. Discovery in the third quarter worth about $49,058,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $8.73 on Thursday. The company has a market capitalization of $21.30 billion, a P/E ratio of -6.82 and a beta of 1.51. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average of $9.20 and a 200 day moving average of $10.26. Warner Bros. Discovery, Inc. has a twelve month low of $8.02 and a twelve month high of $15.56.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last posted its earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The company had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. During the same period last year, the firm posted $0.42 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on WBD shares. Rosenblatt Securities upgraded shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $7.00 to $10.00 in a report on Thursday, March 21st. Redburn Atlantic lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a report on Thursday, January 11th. Citigroup lowered their target price on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Barclays lowered their target price on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, February 29th. Finally, Wells Fargo & Company lowered shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $16.00 to $12.00 in a report on Monday, January 29th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.24.

View Our Latest Report on WBD

Warner Bros. Discovery Company 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.

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Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

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