Traub Capital Management LLC Purchases New Holdings in Warner Bros. Discovery, Inc. $WBD

Traub Capital Management LLC acquired a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,039 shares of the company’s stock, valued at approximately $104,000.

Other institutional investors have also modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of Warner Bros. Discovery during the 1st quarter worth about $26,000. Financial Gravity Companies Inc. bought a new stake in shares of Warner Bros. Discovery in the second quarter worth about $29,000. Trifecta Capital Advisors LLC bought a new position in shares of Warner Bros. Discovery in the second quarter valued at $34,000. N.E.W. Advisory Services LLC bought a new stake in shares of Warner Bros. Discovery in the first quarter valued at approximately $36,000. Finally, Zions Bancorporation National Association UT bought a new position in Warner Bros. Discovery in the first quarter valued at about $42,000. Institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

WBD has been the subject of several analyst reports. KeyCorp reissued a “sector weight” rating on shares of Warner Bros. Discovery in a report on Friday, September 26th. Sanford C. Bernstein raised their price objective on shares of Warner Bros. Discovery from $16.00 to $23.50 in a research report on Friday, November 7th. TD Cowen upped their price target on Warner Bros. Discovery from $14.00 to $22.00 in a research report on Friday, November 7th. Guggenheim boosted their price objective on Warner Bros. Discovery from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Wells Fargo & Company boosted their price objective on Warner Bros. Discovery from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. 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 given a Sell rating to the company. According to data from MarketBeat, Warner Bros. Discovery currently has an average rating of “Moderate Buy” and an average price target of $21.92.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $23.09 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.92. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $24.19. The company has a market cap of $57.17 billion, a P/E ratio of 76.97, a PEG ratio of 2.56 and a beta of 1.74. The company has a 50-day moving average price of $20.17 and a 200 day moving average price of $14.26.

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

Insider Activity

In other Warner Bros. Discovery news, insider Bruce Campbell sold 289,322 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $16.48, for a total transaction of $4,768,026.56. Following the completion of the transaction, the insider directly owned 402,464 shares of the company’s stock, valued at $6,632,606.72. This trade represents a 41.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gunnar Wiedenfels sold 530,793 shares of Warner Bros. Discovery stock in a transaction on Monday, September 15th. The stock was 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 directly owned 1,141,150 shares of the company’s stock, valued at approximately $22,252,425. This represents a 31.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,192,325 shares of company stock worth $22,818,215. Insiders own 1.90% of the company’s stock.

Warner Bros. Discovery Company 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.