Global Retirement Partners LLC Boosts Stock Holdings in Warner Bros. Discovery, Inc. $WBD

Global Retirement Partners LLC grew its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 246.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,466 shares of the company’s stock after purchasing an additional 26,643 shares during the period. Global Retirement Partners LLC’s holdings in Warner Bros. Discovery were worth $1,080,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Rakuten Securities Inc. grew its stake in Warner Bros. Discovery by 81.5% in the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock valued at $33,000 after buying an additional 521 shares in the last quarter. TOWER TRUST & INVESTMENT Co lifted its position in shares of 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 in the last quarter. Concord Wealth Partners boosted its holdings in shares of Warner Bros. Discovery by 49.9% in 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. boosted its holdings in shares of Warner Bros. Discovery by 152.1% in 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 purchased a new position in shares of Warner Bros. Discovery in the fourth quarter valued at $44,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on WBD shares. Arete Research reiterated a “neutral” rating and set a $31.25 price objective on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Rothschild & Co Redburn set a $31.00 price objective on shares of Warner Bros. Discovery and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Zacks Research cut shares of Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Benchmark restated a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.36.

Warner Bros. Discovery Price Performance

WBD stock opened at $27.03 on Tuesday. The company’s 50 day moving average is $27.25 and its 200 day moving average is $27.16. The stock has a market cap of $67.77 billion, a price-to-earnings ratio of -38.61 and a beta of 1.57. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92. Warner Bros. Discovery, Inc. has a 1-year low of $8.84 and a 1-year high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last announced 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 company had revenue of $8.89 billion for 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 company’s revenue for the quarter 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. Sell-side analysts predict that Warner Bros. Discovery, Inc. will post -0.71 EPS for the current fiscal year.

Insider Activity at Warner Bros. Discovery

In other news, Director Fazal F. Merchant sold 35,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $27.48, for a total value of $961,800.00. Following the completion of the transaction, the director directly owned 95,539 shares in the company, valued at approximately $2,625,411.72. This represents a 26.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the insider directly owned 672,649 shares in the company, valued at approximately $18,847,624.98. This represents a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,206,827 shares of company stock worth $230,674,025 in the last three months. 1.90% of the stock is owned by 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.