Warner Bros. Discovery, Inc. $WBD Stock Holdings Lessened by Terril Brothers Inc.

Terril Brothers Inc. decreased its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 46.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 757,008 shares of the company’s stock after selling 650,092 shares during the period. Warner Bros. Discovery makes up about 5.7% of Terril Brothers Inc.’s portfolio, making the stock its 6th largest position. Terril Brothers Inc.’s holdings in Warner Bros. Discovery were worth $21,817,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. lifted its holdings in Warner Bros. Discovery by 81.5% during the fourth quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock worth $33,000 after acquiring an additional 521 shares during the period. TOWER TRUST & INVESTMENT Co lifted its holdings in Warner Bros. Discovery by 4,730.8% during the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock worth $36,000 after acquiring an additional 1,230 shares during the period. Concord Wealth Partners lifted its holdings in Warner Bros. Discovery by 49.9% during the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after acquiring an additional 440 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Warner Bros. Discovery by 152.1% during the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after acquiring an additional 847 shares during the period. Finally, Elyxium Wealth LLC bought a new stake in Warner Bros. Discovery during the fourth quarter worth $44,000. 59.95% of the stock is currently owned by institutional investors.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Bruce Campbell sold 41,784 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $27.82, for a total value of $1,162,430.88. Following the sale, the insider directly owned 604,666 shares in the company, valued at $16,821,808.12. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gerhard Zeiler sold 600,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total value of $16,812,000.00. Following the completion of the sale, the insider owned 672,649 shares in the company, valued at approximately $18,847,624.98. The trade was a 47.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 8,206,827 shares of company stock valued at $230,674,025. 1.90% of the stock is currently owned by insiders.

Warner Bros. Discovery Stock Performance

Shares of WBD opened at $27.00 on Wednesday. The firm has a market cap of $67.69 billion, a PE ratio of -38.57 and a beta of 1.57. The stock’s fifty day moving average price is $27.25 and its two-hundred day moving average price is $27.19. 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.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The firm had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. On average, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

WBD has been the topic of a number of recent analyst reports. KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. TD Cowen lifted their price target on Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, February 27th. Zacks Research lowered Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Huber Research lowered Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft lowered Warner Bros. Discovery from a “buy” rating to a “hold” rating and lifted their price target for the stock from $29.50 to $31.00 in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.36.

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.