Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDFree Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,720 shares of the company’s stock after buying an additional 1,769 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Warner Bros. Discovery were worth $2,284,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Fortis Group Advisors LLC purchased a new stake in Warner Bros. Discovery during the 3rd quarter worth approximately $25,000. Peoples Bank KS purchased a new stake in Warner Bros. Discovery during the 3rd quarter worth approximately $27,000. Pacifica Partners Inc. increased its stake in Warner Bros. Discovery by 118.2% during the 4th 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 purchased a new stake in Warner Bros. Discovery during the 3rd quarter worth approximately $28,000. Finally, Headinvest LLC purchased a new stake in Warner Bros. Discovery during the 3rd quarter worth approximately $28,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Trading Down 0.4 %

WBD opened at $8.44 on Wednesday. Warner Bros. Discovery, Inc. has a one year low of $8.02 and a one year high of $14.76. The stock has a market capitalization of $20.59 billion, a PE ratio of -6.59 and a beta of 1.51. The business’s 50 day moving average price is $8.74 and its 200 day moving average price is $10.03. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.93 and a current ratio of 0.93.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last released its quarterly earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The firm had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities research analysts expect that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WBD shares. JPMorgan Chase & Co. cut their price objective on Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 26th. Macquarie dropped their price target on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, January 22nd. Rosenblatt Securities upgraded Warner Bros. Discovery from a “sell” rating to a “neutral” rating and upped their price target for the company from $7.00 to $10.00 in a research report on Thursday, March 21st. Barclays dropped their price target on 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. Finally, Benchmark restated a “buy” rating and issued a $20.00 price target on shares of Warner Bros. Discovery in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.83.

Get Our Latest Analysis on Warner Bros. Discovery

Warner Bros. Discovery Profile

(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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