Johnson Investment Counsel Inc. Has $159,000 Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Johnson Investment Counsel Inc. lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 32.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,953 shares of the company’s stock after selling 6,828 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Warner Bros. Discovery were worth $159,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Boston Partners increased its position in shares of Warner Bros. Discovery by 43.0% during the 3rd quarter. Boston Partners now owns 14,225,819 shares of the company’s stock worth $153,713,000 after purchasing an additional 4,275,994 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Warner Bros. Discovery by 16.6% during the third quarter. Invesco Ltd. now owns 28,184,613 shares of the company’s stock worth $306,085,000 after buying an additional 4,016,888 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Warner Bros. Discovery by 12.1% in the third quarter. The Manufacturers Life Insurance Company now owns 21,823,875 shares of the company’s stock valued at $237,007,000 after acquiring an additional 2,356,665 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Warner Bros. Discovery by 1,232.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,648,036 shares of the company’s stock worth $17,898,000 after acquiring an additional 1,524,370 shares in the last quarter. Finally, UBS Group AG grew its position in Warner Bros. Discovery by 55.5% during the 3rd quarter. UBS Group AG now owns 3,964,873 shares of the company’s stock worth $43,059,000 after acquiring an additional 1,415,744 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Down 4.2 %

Warner Bros. Discovery stock opened at $8.20 on Thursday. The firm has a 50-day moving average of $8.39 and a 200-day moving average of $9.76. The company has a market cap of $20.01 billion, a price-to-earnings ratio of -6.61 and a beta of 1.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.82 and a quick 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:WBDGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The firm had revenue of $9.96 billion for the quarter, compared to the consensus estimate of $10.22 billion. Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. decreased their target price on Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 26th. Benchmark reiterated a “buy” rating and set a $20.00 target price on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Barrington Research reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, May 9th. Barclays lowered their target price on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, February 29th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.32.

Check Out Our Latest Analysis on WBD

Warner Bros. Discovery Company Profile

(Free Report)

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

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