Arkadios Wealth Advisors Makes New $247,000 Investment in Warner Bros. Discovery, Inc. $WBD

Arkadios Wealth Advisors acquired a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 21,558 shares of the company’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. WPG Advisers LLC acquired a new position in Warner Bros. Discovery during the first quarter worth $26,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Warner Bros. Discovery in the 1st quarter valued at $27,000. Trifecta Capital Advisors LLC bought a new stake in shares of Warner Bros. Discovery in the 2nd quarter worth about $34,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Warner Bros. Discovery during the 1st quarter worth about $36,000. Finally, Zions Bancorporation National Association UT bought a new position in Warner Bros. Discovery during the 1st quarter valued at about $42,000. Institutional investors own 59.95% of the company’s stock.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Anton J. Levy acquired 250,000 shares of Warner Bros. Discovery stock in a transaction on Monday, August 11th. The shares were purchased at an average cost of $10.90 per share, with a total value of $2,725,000.00. Following the completion of the purchase, the director owned 874,000 shares in the company, valued at $9,526,600. The trade was a 40.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gunnar Wiedenfels sold 530,793 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $19.50, for a total transaction of $10,350,463.50. Following the sale, the chief financial officer owned 1,141,150 shares of the company’s stock, valued at $22,252,425. The trade was a 31.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,192,325 shares of company stock worth $22,818,215 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $22.42 on Friday. The business’s 50-day simple moving average is $18.22 and its 200 day simple moving average is $13.32. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.92. The stock has a market cap of $55.51 billion, a price-to-earnings ratio of 74.74, a P/E/G ratio of 2.56 and a beta of 1.73. Warner Bros. Discovery, Inc. has a 12-month low of $7.52 and a 12-month high of $23.06.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $9.05 billion for the quarter, compared to analyst estimates of $9.17 billion. Warner Bros. Discovery had a net margin of 2.00% and a return on equity of 2.14%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 earnings per share. As a group, research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Rothschild Redb raised shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Singular Research upgraded Warner Bros. Discovery to a “moderate buy” rating in a research report on Wednesday, October 22nd. Rothschild & Co Redburn upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Thursday, October 30th. UBS Group boosted their price objective on Warner Bros. Discovery from $10.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, Benchmark raised their target price on Warner Bros. Discovery from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.91.

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.