Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Beck Mack & Oliver LLC

Beck Mack & Oliver LLC decreased its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,428,735 shares of the company’s stock after selling 247,249 shares during the period. Beck Mack & Oliver LLC’s holdings in Warner Bros. Discovery were worth $25,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WBD. Colonial Trust Advisors raised its position in Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock worth $25,000 after acquiring an additional 996 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Warner Bros. Discovery in the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. raised its holdings in shares of Warner Bros. Discovery by 313.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock worth $27,000 after purchasing an additional 1,940 shares in the last quarter. Graney & King LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter worth approximately $28,000. Finally, Ethos Financial Group LLC acquired a new stake in Warner Bros. Discovery during the fourth quarter valued at approximately $29,000. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Price Performance

WBD opened at $8.11 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. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The stock has a fifty day moving average price of $10.04 and a 200 day moving average price of $9.74. The stock has a market cap of $19.91 billion, a price-to-earnings ratio of -1.77, a PEG ratio of 8.64 and a beta of 1.43.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.30). The firm had revenue of $10.03 billion during the quarter, compared to the consensus estimate of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insider Transactions at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of Warner Bros. Discovery stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $11.41 per share, with a total value of $197,917.86. Following the completion of the transaction, the director now directly owns 159,932 shares of the company’s stock, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on WBD shares. JPMorgan Chase & Co. upped their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Raymond James cut their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Wells Fargo & Company decreased their price target on Warner Bros. Discovery from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday. Barrington Research reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, March 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.76.

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.