Capco Asset Management LLC Has $33.71 Million Stock Holdings in Warner Bros. Discovery, Inc. $WBD

Capco Asset Management LLC raised its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,941,718 shares of the company’s stock after buying an additional 15,095 shares during the quarter. Warner Bros. Discovery accounts for 7.1% of Capco Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Capco Asset Management LLC owned about 0.12% of Warner Bros. Discovery worth $33,712,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Summit Investment Advisors Inc. boosted its stake in Warner Bros. Discovery by 0.8% during the first quarter. Summit Investment Advisors Inc. now owns 101,522 shares of the company’s stock worth $1,089,000 after acquiring an additional 795 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of Warner Bros. Discovery by 0.6% during the second quarter. Premier Path Wealth Partners LLC now owns 134,943 shares of the company’s stock valued at $1,546,000 after purchasing an additional 857 shares during the period. Eastern Bank boosted its position in shares of Warner Bros. Discovery by 11.6% during the 2nd quarter. Eastern Bank now owns 8,452 shares of the company’s stock worth $97,000 after purchasing an additional 879 shares in the last quarter. Holistic Financial Partners grew its stake in shares of Warner Bros. Discovery by 5.2% in the 2nd quarter. Holistic Financial Partners now owns 18,209 shares of the company’s stock valued at $209,000 after buying an additional 898 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in Warner Bros. Discovery by 12.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 8,164 shares of the company’s stock valued at $94,000 after buying an additional 899 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analysts Set New Price Targets

WBD has been the topic of several recent research reports. Rothschild Redb upgraded Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Warner Bros. Discovery in a research report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, September 12th. Arete Research raised shares of Warner Bros. Discovery to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, KeyCorp restated a “sector weight” rating on shares of Warner Bros. Discovery in a report on Friday, September 26th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.92.

Warner Bros. Discovery Trading Up 4.0%

NASDAQ WBD opened at $23.03 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $19.53 and a 200 day simple moving average of $13.92. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $23.19. The firm has a market capitalization of $57.02 billion, a P/E ratio of 76.77, a PEG ratio of 2.56 and a beta of 1.74.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.Warner Bros. Discovery’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insider Transactions at Warner Bros. Discovery

In other news, insider Bruce Campbell sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $18.00, for a total value of $2,700,000.00. Following the transaction, the insider owned 252,464 shares in the company, valued at $4,544,352. The trade was a 37.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gunnar Wiedenfels sold 222,210 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $22.50, for a total value of $4,999,725.00. Following the sale, the chief financial officer directly owned 918,940 shares of the company’s stock, valued at $20,676,150. The trade was a 19.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,192,325 shares of company stock valued at $22,818,215 over the last ninety days. 1.90% of the stock is currently owned by insiders.

Warner Bros. Discovery 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.