Vaughan David Investments LLC IL Cuts Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Vaughan David Investments LLC IL decreased its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 6.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,900 shares of the company’s stock after selling 1,563 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Warner Bros. Discovery were worth $209,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. bought a new position in Warner Bros. Discovery during the fourth quarter valued at $33,000. FinTrust Capital Advisors LLC grew its holdings in Warner Bros. Discovery by 56.3% in the fourth quarter. FinTrust Capital Advisors LLC now owns 3,066 shares of the company’s stock worth $35,000 after purchasing an additional 1,105 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in Warner Bros. Discovery in the fourth quarter valued at about $35,000. First Financial Corp IN boosted its stake in Warner Bros. Discovery by 577.4% in the 1st quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock worth $30,000 after purchasing an additional 2,887 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of Warner Bros. Discovery in the 4th quarter valued at $40,000. Institutional investors own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barrington Research restated an “outperform” rating and issued a $12.00 target price on shares of Warner Bros. Discovery in a research note on Tuesday. Benchmark reiterated a “buy” rating and issued a $20.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, July 17th. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, May 10th. Evercore ISI lowered their price objective on Warner Bros. Discovery from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Tuesday, July 16th. Finally, Sanford C. Bernstein cut their price target on shares of Warner Bros. Discovery from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.13.

Warner Bros. Discovery Stock Performance

WBD traded down $0.15 during trading hours on Wednesday, reaching $8.47. The company’s stock had a trading volume of 23,796,820 shares, compared to its average volume of 28,011,029. The company’s 50-day moving average is $7.72 and its 200-day moving average is $8.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $20.75 billion, a PE ratio of -6.94 and a beta of 1.49. Warner Bros. Discovery, Inc. has a 52 week low of $6.94 and a 52 week high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, May 9th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The business had revenue of $9.96 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the firm posted $0.18 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year. On average, equities analysts forecast that Warner Bros. Discovery, Inc. will post -0.39 EPS for the current year.

About Warner Bros. Discovery

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.