Posted by Defense World Staff on Jun 4th, 2024
TD Asset Management Inc grew its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 940,552 shares of the company’s stock after buying an additional 48,951 shares during the period. TD Asset Management Inc’s holdings in Warner Bros. Discovery were worth $10,703,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of WBD. Fortis Group Advisors LLC purchased a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $25,000. Pacifica Partners Inc. boosted its stake in shares of Warner Bros. Discovery by 118.2% in the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after purchasing an additional 1,345 shares in the last quarter. Headinvest LLC purchased a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at $28,000. Systematic Alpha Investments LLC purchased a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at $31,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.
Warner Bros. Discovery Price Performance
Shares of Warner Bros. Discovery stock opened at $8.33 on Tuesday. The stock has a market cap of $20.41 billion, a P/E ratio of -6.72 and a beta of 1.53. The stock’s fifty day moving average is $8.21 and its 200 day moving average is $9.54. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82. Warner Bros. Discovery, Inc. has a one year low of $7.34 and a one year high of $14.76.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The firm had revenue of $9.96 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm earned $0.18 EPS. The company’s revenue was down 6.9% on a year-over-year basis. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -0.38 earnings per share for the current year.
Wall Street Analyst Weigh In
WBD has been the subject of a number of research reports. Benchmark reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Warner Bros. Discovery in a research note on Monday, March 4th. Citigroup cut their price objective on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Morgan Stanley dropped their price target on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Barclays dropped their price target on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.16.
Check Out Our Latest Stock Report on Warner Bros. Discovery
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.
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