Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stake Reduced by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lowered its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 16.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,267 shares of the company’s stock after selling 4,937 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Warner Bros. Discovery were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WBD. Sugar Maple Asset Management LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter worth $33,000. Future Financial Wealth Managment LLC acquired a new position in shares of Warner Bros. Discovery in the 3rd quarter worth approximately $41,000. Larson Financial Group LLC raised its holdings in shares of Warner Bros. Discovery by 54.1% in the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock worth $41,000 after purchasing an additional 1,754 shares in the last quarter. Quarry LP increased its holdings in shares of Warner Bros. Discovery by 2,185.1% in the second quarter. Quarry LP now owns 6,307 shares of the company’s stock valued at $47,000 after buying an additional 6,031 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in shares of Warner Bros. Discovery by 448.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock valued at $48,000 after acquiring an additional 3,743 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the completion of the transaction, the insider now owns 599,317 shares of the company’s stock, valued at $7,407,558.12. The trade was a 22.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Trading Down 0.3 %

Shares of NASDAQ:WBD opened at $10.25 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $25.14 billion, a PE ratio of -2.24, a P/E/G ratio of 6.12 and a beta of 1.50. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The firm has a fifty day moving average price of $10.42 and a 200 day moving average price of $8.81.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same quarter in the prior year, the company posted ($0.17) EPS. The firm’s revenue was down 3.6% on a year-over-year basis. Analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WBD shares. Barrington Research reissued an “outperform” rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research note on Friday, December 13th. Barclays upped their price target on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Rosenblatt Securities lifted their price objective on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. KeyCorp increased their target price on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Wolfe Research upgraded Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.76.

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.