Vanguard Personalized Indexing Management LLC Purchases 64,329 Shares of Warner Bros. Discovery, Inc. $WBD

Vanguard Personalized Indexing Management LLC raised its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 302,136 shares of the company’s stock after purchasing an additional 64,329 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Warner Bros. Discovery were worth $8,708,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Whalerock Point Partners LLC bought a new stake in Warner Bros. Discovery in the fourth quarter valued at approximately $243,000. Panagora Asset Management Inc. increased its stake in Warner Bros. Discovery by 247.7% in the fourth quarter. Panagora Asset Management Inc. now owns 85,085 shares of the company’s stock valued at $2,452,000 after purchasing an additional 60,612 shares in the last quarter. Sachem Head Capital Management LP increased its stake in Warner Bros. Discovery by 107.1% in the fourth quarter. Sachem Head Capital Management LP now owns 7,995,000 shares of the company’s stock valued at $230,416,000 after purchasing an additional 4,135,000 shares in the last quarter. MML Investors Services LLC increased its stake in Warner Bros. Discovery by 48.1% in the fourth quarter. MML Investors Services LLC now owns 372,054 shares of the company’s stock valued at $10,723,000 after purchasing an additional 120,826 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in Warner Bros. Discovery by 12.5% in the fourth quarter. Focus Partners Wealth now owns 92,995 shares of the company’s stock valued at $2,637,000 after purchasing an additional 10,357 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on WBD. Guggenheim reaffirmed a “neutral” rating on shares of Warner Bros. Discovery in a research note on Thursday, May 7th. KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. TD Cowen upped their target price on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, February 27th. Zacks Research upgraded shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Arete Research reissued a “neutral” rating and set a $31.25 price objective on shares of Warner Bros. Discovery in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.04.

Warner Bros. Discovery Trading Down 0.6%

Shares of NASDAQ:WBD opened at $26.83 on Tuesday. Warner Bros. Discovery, Inc. has a 12 month low of $10.04 and a 12 month high of $30.00. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92. The company’s fifty day simple moving average is $27.11 and its 200 day simple moving average is $27.59. The firm has a market cap of $67.27 billion, a price-to-earnings ratio of -38.33 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD) last issued 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 return on equity of 4.77% and a negative net margin of 4.67%.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 previous year, the business earned ($0.18) earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. As a group, research analysts forecast that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current fiscal year.

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.