Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. raised its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 13.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,139 shares of the company’s stock after purchasing an additional 2,653 shares during the period. UMB Bank n.a.’s holdings in Warner Bros. Discovery were worth $238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Colonial Trust Advisors raised its stake in shares of Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock valued at $25,000 after purchasing an additional 996 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in Warner Bros. Discovery during the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. raised its position in shares of Warner Bros. Discovery by 313.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock worth $27,000 after buying an additional 1,940 shares in the last quarter. Graney & King LLC acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter worth approximately $28,000. Finally, Ethos Financial Group LLC bought a new position in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $29,000. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Up 5.0%

NASDAQ WBD opened at $10.51 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70. The firm’s fifty day simple moving average is $8.90 and its 200-day simple moving average is $9.94. The company has a market capitalization of $25.80 billion, a PE ratio of -2.29, a price-to-earnings-growth ratio of 8.64 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). The business had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $9.66 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Warner Bros. Discovery’s revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.40) EPS. As a group, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WBD has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on Warner Bros. Discovery from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. Rosenblatt Securities restated a “neutral” rating and issued a $13.00 price objective on shares of Warner Bros. Discovery in a report on Friday, March 7th. KeyCorp lowered their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Argus raised shares of Warner Bros. Discovery to a “hold” rating in a report on Tuesday, May 27th. Finally, Barclays lifted their price target on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.17.

Warner Bros. Discovery Company 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.