Jones Financial Companies Lllp Has $5.69 Million Stake in Warner Bros. Discovery, Inc. $WBD

Jones Financial Companies Lllp increased its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 287.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 530,426 shares of the company’s stock after acquiring an additional 393,415 shares during the quarter. Jones Financial Companies Lllp’s holdings in Warner Bros. Discovery were worth $5,691,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. WPG Advisers LLC acquired a new stake in Warner Bros. Discovery in the first quarter worth $26,000. Financial Gravity Asset Management Inc. bought a new position in shares of Warner Bros. Discovery during the 1st quarter worth about $27,000. North Capital Inc. acquired a new stake in shares of Warner Bros. Discovery in the 1st quarter valued at about $28,000. Smallwood Wealth Investment Management LLC bought a new stake in Warner Bros. Discovery in the 1st quarter valued at about $29,000. Finally, Ameriflex Group Inc. bought a new stake in Warner Bros. Discovery in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, July 30th. Morgan Stanley lifted their price target on shares of Warner Bros. Discovery from $10.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Barclays boosted their price target on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 9th. Wells Fargo & Company raised their price objective on shares of Warner Bros. Discovery from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Finally, Benchmark reiterated a “buy” rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of “Moderate Buy” and an average price target of $13.14.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $12.26 on Wednesday. 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 firm has a 50-day moving average of $12.12 and a 200-day moving average of $10.55. Warner Bros. Discovery, Inc. has a one year low of $6.78 and a one year high of $13.86. The company has a market cap of $30.35 billion, a P/E ratio of 40.87, a P/E/G ratio of 1.65 and a beta of 1.59.

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

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Anton J. Levy bought 250,000 shares of Warner Bros. Discovery stock in a transaction dated Monday, August 11th. The stock was bought at an average cost of $10.90 per share, with a total value of $2,725,000.00. Following the completion of the acquisition, the director directly owned 874,000 shares in the company, valued at approximately $9,526,600. The trade was a 40.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by insiders.

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.