Bruni J V & Co. Co. Grows Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Bruni J V & Co. Co. grew its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,143,339 shares of the company’s stock after buying an additional 14,686 shares during the period. Warner Bros. Discovery accounts for 1.6% of Bruni J V & Co. Co.’s portfolio, making the stock its 25th biggest position. Bruni J V & Co. Co.’s holdings in Warner Bros. Discovery were worth $13,011,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WBD. Fortis Group Advisors LLC purchased a new position in Warner Bros. Discovery during the 3rd quarter valued at $25,000. Peoples Bank KS bought a new stake in shares of Warner Bros. Discovery during the 3rd quarter valued at about $27,000. Pacifica Partners Inc. increased its position in shares of Warner Bros. Discovery by 118.2% during the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after buying an additional 1,345 shares during the period. Milestone Investment Advisors LLC bought a new position in Warner Bros. Discovery in the third quarter worth about $28,000. Finally, Headinvest LLC purchased a new stake in Warner Bros. Discovery in the third quarter worth about $28,000. Institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Redburn Atlantic lowered Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research report on Thursday, January 11th. Wells Fargo & Company lowered shares of Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $16.00 to $12.00 in a research note on Monday, January 29th. Macquarie cut their price objective on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, January 22nd. Barrington Research lowered their target price on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Finally, Morgan Stanley cut their price target on Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.83.

Warner Bros. Discovery Stock Performance

WBD stock traded down $0.18 during midday trading on Friday, reaching $8.11. 19,754,363 shares of the company’s stock traded hands, compared to its average volume of 25,568,130. The stock’s 50-day moving average is $8.62 and its 200 day moving average is $9.97. The stock has a market cap of $19.79 billion, a P/E ratio of -6.34 and a beta of 1.51. Warner Bros. Discovery, Inc. has a 52-week low of $8.02 and a 52-week high of $14.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The company had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. During the same period in the prior year, the business posted $0.42 earnings per share. Warner Bros. Discovery’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, analysts anticipate that Warner Bros. Discovery, Inc. will post -0.33 EPS for the current year.

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.