Warner Bros. Discovery’s (WBD) “Outperform” Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Warner Bros. Discovery (NASDAQ:WBD) in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a $25.00 target price on the stock.

A number of other analysts also recently commented on the company. Redburn Partners set a $28.00 price target on Warner Bros. Discovery in a research report on Thursday, October 30th. Wells Fargo & Company raised their target price on Warner Bros. Discovery from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. UBS Group lifted their price objective on shares of Warner Bros. Discovery from $10.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Bank of America boosted their target price on shares of Warner Bros. Discovery from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Finally, Singular Research upgraded shares of Warner Bros. Discovery to a “moderate buy” rating in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.92.

Warner Bros. Discovery Stock Up 4.0%

WBD opened at $23.03 on Friday. Warner Bros. Discovery has a fifty-two week low of $7.52 and a fifty-two week 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. The company’s 50-day moving average is $19.53 and its 200 day moving average is $14.00. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.04 and a quick ratio of 1.04.

Warner Bros. Discovery (NASDAQ:WBD) last issued 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). Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The firm had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Research analysts expect that Warner Bros. Discovery will post -4.33 earnings per share for the current fiscal year.

Insider Transactions at Warner Bros. Discovery

In related news, CFO Gunnar Wiedenfels sold 530,793 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $19.50, for a total transaction of $10,350,463.50. Following the completion of the transaction, the chief financial officer owned 1,141,150 shares of the company’s stock, valued at approximately $22,252,425. The trade was a 31.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce Campbell sold 289,322 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $16.48, for a total transaction of $4,768,026.56. Following the sale, the insider directly owned 402,464 shares in the company, valued at $6,632,606.72. This trade represents a 41.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,192,325 shares of company stock valued at $22,818,215 in the last ninety days. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in Warner Bros. Discovery during the first quarter valued at $26,000. Concord Wealth Partners boosted its position in shares of Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in shares of Warner Bros. Discovery by 152.1% during the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after purchasing an additional 847 shares in the last quarter. Financial Gravity Companies Inc. purchased a new position in shares of Warner Bros. Discovery during the second quarter worth about $29,000. Finally, Grove Bank & Trust increased its position in shares of Warner Bros. Discovery by 66.5% in the third quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock worth $33,000 after purchasing an additional 675 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

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.