Poehling Capital Management INC. Decreases Stock Holdings in Warner Bros. Discovery, Inc. $WBD

Poehling Capital Management INC. trimmed its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 46.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 483,848 shares of the company’s stock after selling 421,832 shares during the quarter. Warner Bros. Discovery accounts for 2.9% of Poehling Capital Management INC.’s holdings, making the stock its 6th largest holding. Poehling Capital Management INC.’s holdings in Warner Bros. Discovery were worth $13,944,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Concord Wealth Partners increased its stake in Warner Bros. Discovery by 49.9% in the third 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. increased its stake in Warner Bros. Discovery by 152.1% in the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock valued at $27,000 after acquiring an additional 847 shares during the last quarter. Rakuten Securities Inc. increased its stake in Warner Bros. Discovery by 81.5% in the fourth quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock valued at $33,000 after acquiring an additional 521 shares during the last quarter. JPL Wealth Management LLC bought a new position in Warner Bros. Discovery in the third quarter valued at about $33,000. Finally, TOWER TRUST & INVESTMENT Co grew its position in Warner Bros. Discovery by 4,730.8% in the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock valued at $36,000 after acquiring an additional 1,230 shares during the last quarter. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Stock Performance

NASDAQ WBD opened at $27.09 on Wednesday. The firm’s fifty day moving average price is $27.30 and its two-hundred day moving average price is $27.02. The stock has a market cap of $67.92 billion, a PE ratio of -38.70 and a beta of 1.57. Warner Bros. Discovery, Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $30.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The firm had revenue of $8.89 billion for the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.18) earnings per share. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -0.71 EPS for the current fiscal year.

Insider Activity at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 374,323 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.05, for a total transaction of $10,499,760.15. Following the sale, the chief financial officer directly owned 663,380 shares in the company, valued at approximately $18,607,809. The trade was a 36.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gerhard Zeiler sold 600,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.02, for a total value of $16,812,000.00. Following the sale, the insider owned 672,649 shares in the company, valued at approximately $18,847,624.98. This trade represents a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 8,206,827 shares of company stock valued at $230,674,025. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WBD shares. Argus dropped their target price on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. UBS Group increased their target price on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Huber Research cut shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 27th. Weiss Ratings cut shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Finally, Moffett Nathanson raised shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.36.

Warner Bros. Discovery Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.