MUFG Securities EMEA plc Has $2.93 Million Stake in Warner Bros. Discovery, Inc. $WBD

MUFG Securities EMEA plc lifted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 114.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 101,612 shares of the company’s stock after acquiring an additional 54,224 shares during the period. MUFG Securities EMEA plc’s holdings in Warner Bros. Discovery were worth $2,928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of WBD. Norges Bank acquired a new position in shares of Warner Bros. Discovery in the fourth quarter valued at $1,123,807,000. Vanguard Group Inc. raised its stake in Warner Bros. Discovery by 7.1% during the third quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock worth $5,492,112,000 after acquiring an additional 18,736,600 shares in the last quarter. Jericho Capital Asset Management L.P. raised its stake in Warner Bros. Discovery by 108.9% during the third quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock worth $685,413,000 after acquiring an additional 18,291,865 shares in the last quarter. Duquesne Family Office LLC acquired a new position in Warner Bros. Discovery during the second quarter worth $74,916,000. Finally, Allianz Asset Management GmbH raised its stake in Warner Bros. Discovery by 170.1% during the third quarter. Allianz Asset Management GmbH now owns 9,326,978 shares of the company’s stock worth $182,156,000 after acquiring an additional 5,873,183 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WBD has been the subject of several recent analyst reports. Huber Research upgraded Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday. Weiss Ratings lowered Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Guggenheim reiterated a “neutral” rating on shares of Warner Bros. Discovery in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft lowered Warner Bros. Discovery from a “buy” rating to a “hold” rating and increased their price objective for the stock from $29.50 to $31.00 in a research note on Friday, February 27th. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.04.

Insider Activity at Warner Bros. Discovery

In related news, CFO Gunnar Wiedenfels sold 374,323 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.05, for a total value of $10,499,760.15. Following the transaction, the chief financial officer owned 663,380 shares in the company, valued at $18,607,809. This trade represents a 36.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerhard Zeiler sold 600,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 672,649 shares in the company, valued at approximately $18,847,624.98. This represents a 47.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 3,286,556 shares of company stock valued at $91,638,563. 1.80% of the stock is currently owned by company insiders.

Warner Bros. Discovery Price Performance

Shares of WBD stock opened at $27.25 on Tuesday. The stock’s fifty day moving average is $27.22 and its 200-day moving average is $27.31. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $68.32 billion, a PE ratio of -38.93 and a beta of 1.54. Warner Bros. Discovery, Inc. has a 52 week low of $9.11 and a 52 week high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The business had revenue of $8.89 billion for the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.Warner Bros. Discovery’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.18) EPS. Equities research analysts expect that Warner Bros. Discovery, Inc. will post -0.71 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.