Thompson Siegel & Walmsley LLC Sells 282,602 Shares of Warner Bros. Discovery, Inc. $WBD

Thompson Siegel & Walmsley LLC lessened its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 74.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 95,202 shares of the company’s stock after selling 282,602 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Warner Bros. Discovery were worth $2,744,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new position in shares of Warner Bros. Discovery in the 4th quarter worth approximately $29,000. Rakuten Securities Inc. lifted its stake in shares of Warner Bros. Discovery by 81.5% in the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock worth $33,000 after purchasing an additional 521 shares during the period. TOWER TRUST & INVESTMENT Co lifted its stake in shares of Warner Bros. Discovery by 4,730.8% in the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock worth $36,000 after purchasing an additional 1,230 shares during the period. Concord Wealth Partners lifted its stake in shares of Warner Bros. Discovery by 49.9% in the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the period. Finally, Physician Wealth Advisors Inc. lifted its stake in shares of Warner Bros. Discovery by 152.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after purchasing an additional 847 shares during the period. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Down 0.3%

Shares of WBD opened at $27.18 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.73 and a quick ratio of 0.73. Warner Bros. Discovery, Inc. has a 1 year low of $9.11 and a 1 year high of $30.00. The company has a 50 day simple moving average of $27.22 and a two-hundred day simple moving average of $27.31. The firm has a market cap of $68.14 billion, a P/E ratio of -38.83 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share (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 analysts’ expectations of $8.89 billion. During the same period last year, the business earned ($0.18) earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -0.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Fazal F. Merchant sold 35,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $27.48, for a total transaction of $961,800.00. Following the completion of the sale, the director directly owned 95,539 shares of the company’s stock, valued at $2,625,411.72. This trade represents a 26.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul A. Gould sold 600,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the sale, the director directly owned 244,357 shares of the company’s stock, valued at approximately $6,683,163.95. This trade represents a 71.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 676,784 shares of company stock valued at $18,534,231 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on WBD. Zacks Research raised shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a report on Monday. Moffett Nathanson raised shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. TD Cowen increased their target price on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, February 27th. KeyCorp reissued an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Finally, Wells Fargo & Company began coverage on shares of Warner Bros. Discovery in a report on Monday, March 9th. They issued an “equal weight” rating and a $31.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.04.

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.