Vanguard Personalized Indexing Management LLC Has $1.19 Million Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Vanguard Personalized Indexing Management LLC increased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 104,824 shares of the company’s stock after purchasing an additional 3,797 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Warner Bros. Discovery were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Fortis Group Advisors LLC bought a new position in shares of Warner Bros. Discovery during the third quarter worth approximately $25,000. Pacifica Partners Inc. grew its position in Warner Bros. Discovery by 118.2% during the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock worth $27,000 after buying an additional 1,345 shares in the last quarter. Milestone Investment Advisors LLC bought a new position in Warner Bros. Discovery during the 3rd quarter worth $28,000. Headinvest LLC acquired a new position in Warner Bros. Discovery in the 3rd quarter valued at $28,000. Finally, Systematic Alpha Investments LLC bought a new stake in shares of Warner Bros. Discovery during the 3rd quarter valued at $31,000. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Price Performance

NASDAQ:WBD opened at $8.05 on Friday. The stock’s 50-day moving average is $8.36 and its 200-day moving average is $9.74. Warner Bros. Discovery, Inc. has a 1-year low of $7.34 and a 1-year high of $14.76. 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 (NASDAQ:WBDGet Free Report) last posted 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 quarter in the prior year, the business earned $0.18 earnings per share. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. Sell-side analysts expect that Warner Bros. Discovery, Inc. will post -0.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WBD shares. Sanford C. Bernstein decreased their price target on Warner Bros. Discovery from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, May 10th. Barclays dropped their target price 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. JPMorgan Chase & Co. decreased their price objective on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 26th. Wolfe Research downgraded shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective for the company. in a research report on Tuesday, April 23rd. Finally, Macquarie reduced their target price on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.32.

Read Our Latest Research Report on WBD

About Warner Bros. Discovery

(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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