Warner Bros. Discovery, Inc. $WBD Shares Sold by US Bancorp DE

US Bancorp DE lessened its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,053 shares of the company’s stock after selling 3,772 shares during the period. US Bancorp DE’s holdings in Warner Bros. Discovery were worth $1,513,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Parkside Investments LLC grew its stake in shares of Warner Bros. Discovery by 0.3% in the 2nd quarter. Parkside Investments LLC now owns 346,654 shares of the company’s stock worth $3,973,000 after purchasing an additional 1,000 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of Warner Bros. Discovery by 8.8% in the 2nd quarter. Avior Wealth Management LLC now owns 14,545 shares of the company’s stock worth $167,000 after purchasing an additional 1,176 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in shares of Warner Bros. Discovery by 9.7% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 13,704 shares of the company’s stock worth $157,000 after buying an additional 1,213 shares during the period. Mraz Amerine & Associates Inc. increased its position in shares of Warner Bros. Discovery by 0.5% in the second quarter. Mraz Amerine & Associates Inc. now owns 238,986 shares of the company’s stock worth $2,739,000 after acquiring an additional 1,219 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Warner Bros. Discovery by 10.9% in the second quarter. Farther Finance Advisors LLC now owns 13,148 shares of the company’s stock worth $151,000 after acquiring an additional 1,295 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

WBD stock opened at $18.29 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $45.28 billion, a P/E ratio of 60.97, a P/E/G ratio of 2.25 and a beta of 1.73. The firm has a 50 day simple moving average of $15.38 and a 200 day simple moving average of $11.99. Warner Bros. Discovery, Inc. has a 52 week low of $7.25 and a 52 week high of $20.24.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.79. The business had revenue of $9.81 billion during the quarter, compared to analysts’ expectations of $9.73 billion. Warner Bros. Discovery had a net margin of 2.00% and a return on equity of 2.14%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted ($4.07) earnings per share. Research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Warner Bros. Discovery from $11.50 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 30th. Barrington Research reissued an “outperform” rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, July 30th. TD Cowen reissued a “hold” rating and issued a $14.00 target price on shares of Warner Bros. Discovery in a research report on Tuesday, September 16th. Sanford C. Bernstein lifted their target price on shares of Warner Bros. Discovery from $13.00 to $16.00 and gave the stock a “market perform” rating in a research report on Monday, September 22nd. Finally, Guggenheim lifted their target price on shares of Warner Bros. Discovery from $14.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, Warner Bros. Discovery presently has an average rating of “Hold” and a consensus target price of $17.00.

Insider Buying and Selling

In other Warner Bros. Discovery news, Director Anton J. Levy bought 75,000 shares of Warner Bros. Discovery stock in a transaction on Tuesday, August 12th. The stock was purchased at an average cost of $11.00 per share, for a total transaction of $825,000.00. Following the completion of the purchase, the director directly owned 949,000 shares of the company’s stock, valued at $10,439,000. The trade was a 8.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce Campbell sold 150,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $18.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the insider owned 252,464 shares of the company’s stock, valued at $4,544,352. This trade represents a 37.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 970,115 shares of company stock worth $17,818,490. 1.90% of the stock is owned by company insiders.

Warner Bros. Discovery Company Profile

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.