58,689 Shares in Warner Bros. Discovery, Inc. $WBD Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC bought a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 58,689 shares of the company’s stock, valued at approximately $1,691,000.

Several other large investors have also recently made changes to their positions in WBD. Aventura Private Wealth LLC purchased a new position in Warner Bros. Discovery in the fourth quarter valued at about $119,000. St. Louis Financial Planners Asset Management LLC purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at about $2,403,000. Sagespring Wealth Partners LLC lifted its position in shares of Warner Bros. Discovery by 20.9% during the fourth quarter. Sagespring Wealth Partners LLC now owns 33,124 shares of the company’s stock valued at $955,000 after buying an additional 5,735 shares during the last quarter. Yeomans Consulting Group Inc. boosted its holdings in shares of Warner Bros. Discovery by 59.0% in the 4th quarter. Yeomans Consulting Group Inc. now owns 30,159 shares of the company’s stock valued at $869,000 after buying an additional 11,193 shares in the last quarter. Finally, Everhart Financial Group Inc. boosted its holdings in shares of Warner Bros. Discovery by 25.2% in the 4th quarter. Everhart Financial Group Inc. now owns 59,709 shares of the company’s stock valued at $1,721,000 after buying an additional 12,005 shares in the last quarter. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery News Summary

Here are the key news stories impacting Warner Bros. Discovery this week:

Insider Activity

In related news, CFO Gunnar Wiedenfels sold 374,323 shares of Warner Bros. Discovery stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $28.05, for a total transaction of $10,499,760.15. Following the completion of the transaction, the chief financial officer directly owned 663,380 shares in the company, valued at approximately $18,607,809. This trade represents a 36.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gerhard Zeiler sold 600,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total value of $16,812,000.00. Following the completion of the transaction, the insider directly owned 672,649 shares of the company’s stock, valued at $18,847,624.98. The trade was a 47.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,206,827 shares of company stock valued at $230,674,025 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WBD shares. Huber Research lowered shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 27th. Weiss Ratings raised shares of Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Argus reduced their price target on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Morgan Stanley set a $29.00 price objective on Warner Bros. Discovery in a report on Thursday, December 18th. Finally, Benchmark reissued a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.30.

Get Our Latest Report on Warner Bros. Discovery

Warner Bros. Discovery Trading Down 0.8%

NASDAQ WBD opened at $27.42 on Monday. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $68.00 billion, a PE ratio of 94.55 and a beta of 1.60. The company has a fifty day moving average of $28.05 and a 200 day moving average of $24.49.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.19). The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.33 billion. Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.Warner Bros. Discovery’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.20) earnings per share. Research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

About Warner Bros. Discovery

(Free Report)

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.

See Also

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

Receive News & Ratings for Warner Bros. Discovery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warner Bros. Discovery and related companies with MarketBeat.com's FREE daily email newsletter.