Warner Bros. Discovery, Inc. $WBD is Poehling Capital Management INC.’s 4th Largest Position

Poehling Capital Management INC. increased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 905,680 shares of the company’s stock after purchasing an additional 27,611 shares during the period. Warner Bros. Discovery makes up approximately 3.7% of Poehling Capital Management INC.’s holdings, making the stock its 4th biggest position. Poehling Capital Management INC.’s holdings in Warner Bros. Discovery were worth $17,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. TriaGen Wealth Management LLC bought a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at $443,000. Penserra Capital Management LLC increased its position in Warner Bros. Discovery by 29,882.6% during the second quarter. Penserra Capital Management LLC now owns 62,064 shares of the company’s stock valued at $710,000 after acquiring an additional 61,857 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Warner Bros. Discovery by 7.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 19,463,234 shares of the company’s stock valued at $223,049,000 after acquiring an additional 1,333,005 shares during the period. Swedbank AB boosted its position in Warner Bros. Discovery by 3.7% in the third quarter. Swedbank AB now owns 1,065,445 shares of the company’s stock worth $20,808,000 after purchasing an additional 37,986 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Warner Bros. Discovery by 1.0% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,572,301 shares of the company’s stock worth $18,019,000 after purchasing an additional 16,006 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Stock Down 1.0%

NASDAQ WBD opened at $26.76 on Friday. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $30.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.90. The stock has a market cap of $66.31 billion, a PE ratio of 140.85 and a beta of 1.64. The stock’s 50 day moving average is $27.99 and its 200 day moving average is $20.92.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. The company had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period last year, the business earned $0.05 earnings per share. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. Research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Analyst Ratings Changes

WBD has been the topic of several recent research reports. Singular Research upgraded shares of Warner Bros. Discovery to a “moderate buy” rating in a research note on Wednesday, October 22nd. UBS Group increased their price target on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Redburn Partners set a $28.00 price objective on shares of Warner Bros. Discovery in a research report on Thursday, October 30th. Guggenheim cut Warner Bros. Discovery from a “buy” rating to a “neutral” rating and raised their target price for the stock from $25.00 to $30.00 in a report on Wednesday, January 14th. Finally, TD Cowen lifted their target price on Warner Bros. Discovery from $14.00 to $22.00 in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.08.

Insider Buying and Selling at Warner Bros. Discovery

In other news, CAO Lori C. Locke sold 5,000 shares of Warner Bros. Discovery stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $27.62, for a total value of $138,100.00. Following the sale, the chief accounting officer directly owned 110,084 shares of the company’s stock, valued at approximately $3,040,520.08. The trade was a 4.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total value of $7,168,323.00. Following the transaction, the chief financial officer directly owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. The trade was a 20.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 267,116 shares of company stock valued at $7,781,731 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

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.