Blair William & Co. IL Purchases 7,780 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Blair William & Co. IL grew its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 11.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,548 shares of the company’s stock after acquiring an additional 7,780 shares during the quarter. Blair William & Co. IL’s holdings in Warner Bros. Discovery were worth $843,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Warner Bros. Discovery during the first quarter valued at approximately $27,000. North Capital Inc. purchased a new position in shares of Warner Bros. Discovery during the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Warner Bros. Discovery during the first quarter valued at approximately $29,000. Ameriflex Group Inc. purchased a new position in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $30,000. Finally, Golden State Wealth Management LLC boosted its position in shares of Warner Bros. Discovery by 448.0% during the first quarter. Golden State Wealth Management LLC now owns 2,877 shares of the company’s stock valued at $31,000 after buying an additional 2,352 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Down 8.0%

Shares of NASDAQ WBD opened at $10.91 on Monday. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $13.86. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.04 and a quick ratio of 1.04. The business’s fifty day moving average price is $11.52 and its 200-day moving average price is $10.33. The stock has a market capitalization of $26.78 billion, a PE ratio of 36.37 and a beta of 1.57.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.79. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%. The firm had revenue of $9.81 billion for the quarter, compared to analysts’ expectations of $9.73 billion. During the same quarter in the prior year, the firm earned ($4.07) EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Analyst Upgrades and Downgrades

WBD has been the topic of several analyst reports. Argus raised Warner Bros. Discovery to a “hold” rating in a research report on Tuesday, May 27th. Barclays lifted their target price on Warner Bros. Discovery from $9.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Benchmark reaffirmed a “buy” rating and set a $18.00 target price on shares of Warner Bros. Discovery in a research report on Monday, July 14th. Guggenheim reaffirmed a “buy” rating on shares of Warner Bros. Discovery in a research report on Tuesday, June 10th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, July 30th. Twelve analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.84.

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.