Hillman Capital Management Inc. Cuts Holdings in Warner Bros. Discovery, Inc. $WBD

Hillman Capital Management Inc. lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 35.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 214,600 shares of the company’s stock after selling 116,127 shares during the period. Warner Bros. Discovery comprises about 3.9% of Hillman Capital Management Inc.’s investment portfolio, making the stock its biggest holding. Hillman Capital Management Inc.’s holdings in Warner Bros. Discovery were worth $6,185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. JFS Wealth Advisors LLC lifted its holdings in Warner Bros. Discovery by 12.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 3,425 shares of the company’s stock worth $99,000 after acquiring an additional 378 shares during the last quarter. Salomon & Ludwin LLC lifted its holdings in Warner Bros. Discovery by 20.2% in the fourth quarter. Salomon & Ludwin LLC now owns 2,494 shares of the company’s stock worth $71,000 after acquiring an additional 419 shares during the last quarter. CYBER HORNET ETFs LLC lifted its holdings in Warner Bros. Discovery by 7.1% in the fourth quarter. CYBER HORNET ETFs LLC now owns 6,396 shares of the company’s stock worth $184,000 after acquiring an additional 425 shares during the last quarter. Root Financial Partners LLC lifted its holdings in Warner Bros. Discovery by 17.5% in the fourth quarter. Root Financial Partners LLC now owns 2,879 shares of the company’s stock worth $83,000 after acquiring an additional 429 shares during the last quarter. Finally, Optas LLC lifted its holdings in Warner Bros. Discovery by 3.0% in the fourth quarter. Optas LLC now owns 15,120 shares of the company’s stock worth $436,000 after acquiring an additional 435 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $26.60 on Wednesday. Warner Bros. Discovery, Inc. has a 52 week low of $10.27 and a 52 week high of $30.00. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $66.69 billion, a P/E ratio of -38.00 and a beta of 1.54. The firm’s 50 day moving average is $27.09 and its two-hundred day moving average is $27.60.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The company had revenue of $8.89 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same quarter in the prior year, the business earned ($0.18) EPS. Warner Bros. Discovery’s revenue was down 1.0% compared to the same quarter last year. Analysts anticipate that Warner Bros. Discovery, Inc. will post -1.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Argus dropped their price target on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. Huber Research upgraded shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. UBS Group raised their price target on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, KeyCorp restated an “overweight” rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.04.

Warner Bros. Discovery Company 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.