Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Purchased by Bruni J V & Co. Co.

Bruni J V & Co. Co. grew its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 1,143,339 shares of the company’s stock after acquiring an additional 14,686 shares during the quarter. Warner Bros. Discovery makes up approximately 1.6% of Bruni J V & Co. Co.’s portfolio, making the stock its 25th biggest holding. Bruni J V & Co. Co.’s holdings in Warner Bros. Discovery were worth $13,011,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Caprock Group LLC purchased a new stake in Warner Bros. Discovery during the 3rd quarter worth approximately $160,000. UMB Bank n.a. raised its stake in shares of Warner Bros. Discovery by 121.8% in the third quarter. UMB Bank n.a. now owns 14,051 shares of the company’s stock valued at $153,000 after acquiring an additional 7,716 shares in the last quarter. Czech National Bank boosted its holdings in Warner Bros. Discovery by 47.7% in the third quarter. Czech National Bank now owns 387,664 shares of the company’s stock valued at $4,210,000 after purchasing an additional 125,233 shares during the period. Clarius Group LLC acquired a new position in Warner Bros. Discovery during the 3rd quarter worth $125,000. Finally, U.S. Capital Wealth Advisors LLC grew its stake in Warner Bros. Discovery by 7.7% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 146,158 shares of the company’s stock worth $1,587,000 after purchasing an additional 10,426 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Performance

Shares of WBD stock traded down $0.18 during midday trading on Friday, hitting $8.11. The company had a trading volume of 19,754,363 shares, compared to its average volume of 25,568,130. The stock has a market cap of $19.79 billion, a price-to-earnings ratio of -6.34 and a beta of 1.51. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50 day simple moving average is $8.62 and its 200 day simple moving average is $9.97. Warner Bros. Discovery, Inc. has a 52-week low of $8.02 and a 52-week high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the business earned $0.42 earnings per share. Research analysts anticipate that Warner Bros. Discovery, Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

WBD has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Barrington Research decreased their price target on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Barclays dropped their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 29th. Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of Warner Bros. Discovery in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. lowered their price target on Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.83.

Warner Bros. Discovery 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.