Clifford Capital Partners LLC Decreases Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Clifford Capital Partners LLC decreased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,918,563 shares of the company’s stock after selling 65,329 shares during the period. Warner Bros. Discovery accounts for 3.2% of Clifford Capital Partners LLC’s holdings, making the stock its 16th biggest position. Clifford Capital Partners LLC owned 0.08% of Warner Bros. Discovery worth $15,828,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Family Firm Inc. acquired a new position in Warner Bros. Discovery during the 2nd quarter valued at approximately $26,000. OFI Invest Asset Management boosted its stake in shares of Warner Bros. Discovery by 45.9% in the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock worth $27,000 after buying an additional 1,221 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Warner Bros. Discovery during the 1st quarter worth approximately $39,000. Larson Financial Group LLC increased its holdings in shares of Warner Bros. Discovery by 54.1% during the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock valued at $41,000 after purchasing an additional 1,754 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Warner Bros. Discovery in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

NASDAQ WBD opened at $10.11 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $24.80 billion, a P/E ratio of -2.21 and a beta of 1.48. The stock has a 50-day moving average of $8.41 and a two-hundred day moving average of $7.98. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.17) earnings per share. As a group, analysts anticipate that Warner Bros. Discovery, Inc. will post -4.37 EPS for the current year.

Wall Street Analysts Forecast Growth

WBD has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on Warner Bros. Discovery from $7.50 to $8.50 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Wolfe Research upgraded Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. decreased their target price on Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Sanford C. Bernstein cut Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $10.00 to $8.00 in a research report on Tuesday, August 13th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.55.

About Warner Bros. Discovery

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.