Corient Private Wealth LLC Has $9.33 Million Position in Warner Bros. Discovery, Inc. $WBD

Corient Private Wealth LLC lifted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 28.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,826 shares of the company’s stock after buying an additional 71,973 shares during the period. Corient Private Wealth LLC’s holdings in Warner Bros. Discovery were worth $9,333,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WBD. Private Advisory Group LLC acquired a new position in Warner Bros. Discovery in the 4th quarter worth $3,438,000. Hauser Brothers GmbH boosted its holdings in Warner Bros. Discovery by 19.8% during the third quarter. Hauser Brothers GmbH now owns 2,877,000 shares of the company’s stock worth $56,188,000 after purchasing an additional 476,000 shares during the last quarter. US Bancorp DE grew its position in Warner Bros. Discovery by 32.7% in the third quarter. US Bancorp DE now owns 175,293 shares of the company’s stock valued at $3,423,000 after purchasing an additional 43,240 shares in the last quarter. Triad Investment Management acquired a new stake in Warner Bros. Discovery in the 4th quarter valued at $9,383,000. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Warner Bros. Discovery by 4.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 916,705 shares of the company’s stock valued at $26,419,000 after buying an additional 38,105 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Up 1.2%

Shares of Warner Bros. Discovery stock opened at $27.20 on Thursday. 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 firm has a 50-day moving average of $26.99 and a 200-day moving average of $27.71. Warner Bros. Discovery, Inc. has a 52-week low of $10.75 and a 52-week high of $30.00. The stock has a market cap of $68.19 billion, a PE ratio of -38.86 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The business had revenue of $8.89 billion for the quarter, compared to the consensus estimate of $8.89 billion. During the same period in the prior year, the business posted ($0.18) earnings per share. Warner Bros. Discovery’s revenue was down 1.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on WBD. Zacks Research upgraded shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Huber Research upgraded Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. TD Cowen increased their price target on Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, February 27th. Raymond James Financial restated an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Warner Bros. Discovery in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Hold” and an average target price of $27.04.

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.