Dimensional Fund Advisors LP Raises Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Dimensional Fund Advisors LP raised its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 0.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,844,495 shares of the company’s stock after acquiring an additional 65,939 shares during the period. Dimensional Fund Advisors LP’s holdings in Warner Bros. Discovery were worth $82,906,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WBD. Colonial Trust Advisors lifted its holdings in shares of Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock worth $25,000 after acquiring an additional 996 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in Warner Bros. Discovery during the fourth quarter worth about $26,000. SRS Capital Advisors Inc. boosted its holdings in shares of Warner Bros. Discovery by 313.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock worth $27,000 after purchasing an additional 1,940 shares in the last quarter. Graney & King LLC bought a new position in shares of Warner Bros. Discovery during the 4th quarter valued at about $28,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Warner Bros. Discovery during the 4th quarter valued at about $29,000. 59.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

Warner Bros. Discovery Trading Up 0.8 %

Shares of WBD opened at $8.77 on Wednesday. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70. The firm has a market capitalization of $21.53 billion, a price-to-earnings ratio of -1.91, a PEG ratio of 8.64 and a beta of 1.43. The firm’s 50-day moving average price is $9.72 and its 200-day moving average price is $9.79. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). The firm had revenue of $10.03 billion for the quarter, compared to analysts’ expectations of $10.16 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WBD shares. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. KeyCorp reduced their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. boosted their price target on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Finally, Raymond James dropped their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.01.

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.