Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 253,685 Shares of Warner Bros. Discovery, Inc. $WBD

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 68.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 623,285 shares of the company’s stock after purchasing an additional 253,685 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Warner Bros. Discovery were worth $17,115,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Private Advisory Group LLC acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at $3,438,000. Hauser Brothers GmbH grew its holdings in shares of 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 buying an additional 476,000 shares in the last quarter. Triad Investment Management acquired a new stake in Warner Bros. Discovery in the 4th quarter valued at approximately $9,383,000. Mn Services Vermogensbeheer B.V. boosted its position in Warner Bros. Discovery by 4.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 916,705 shares of the company’s stock worth $26,419,000 after acquiring an additional 38,105 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Warner Bros. Discovery by 130.8% in the fourth quarter. Handelsbanken Fonder AB now owns 1,008,638 shares of the company’s stock valued at $29,069,000 after purchasing an additional 571,612 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WBD. Huber Research raised Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Seaport Research Partners raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday. Guggenheim reiterated a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. UBS Group raised their price objective on Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Zacks Research raised Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One 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 issued a Sell rating to the company. According to data from MarketBeat, Warner Bros. Discovery has a consensus rating of “Hold” and a consensus price target of $27.04.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $26.48 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92. The stock has a market cap of $66.39 billion, a PE ratio of -37.83 and a beta of 1.54. The stock’s fifty day simple moving average is $26.91 and its two-hundred day simple moving average is $27.63. Warner Bros. Discovery, Inc. has a 1-year low of $10.76 and a 1-year high of $30.00.

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

About Warner Bros. Discovery

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.