Dimensional Fund Advisors LP Acquires 65,939 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Dimensional Fund Advisors LP grew its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,844,495 shares of the company's stock after acquiring an additional 65,939 shares during the quarter. Dimensional Fund Advisors LP owned 0.32% of Warner Bros. Discovery worth $82,906,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Warner Bros. Discovery during the third quarter valued at approximately $1,545,000. Tidal Investments LLC boosted its stake in Warner Bros. Discovery by 89.5% during the 3rd quarter. Tidal Investments LLC now owns 142,649 shares of the company's stock valued at $1,177,000 after purchasing an additional 67,355 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Warner Bros. Discovery by 17.3% in the 3rd quarter. Synovus Financial Corp now owns 69,192 shares of the company's stock worth $571,000 after purchasing an additional 10,199 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Warner Bros. Discovery by 111.0% in the third quarter. Franklin Resources Inc. now owns 375,462 shares of the company's stock worth $2,831,000 after purchasing an additional 197,528 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Warner Bros. Discovery by 3.1% during the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company's stock valued at $21,281,000 after purchasing an additional 78,653 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the business's stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now directly owns 159,932 shares of the company's stock, valued at $1,824,824.12. This represents a 12.17 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD traded down $0.06 during mid-day trading on Monday, reaching $8.49. The company's stock had a trading volume of 9,630,757 shares, compared to its average volume of 32,774,701. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The stock has a fifty day moving average of $9.58 and a two-hundred day moving average of $9.82. The firm has a market capitalization of $20.83 billion, a PE ratio of -1.85, a P/E/G ratio of 8.64 and a beta of 1.43.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $10.03 billion for the quarter, compared to analysts' expectations of $10.16 billion. As a group, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WBD shares. JPMorgan Chase & Co. boosted their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Barclays lowered their price objective on shares of Warner Bros. Discovery from $12.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Barrington Research reissued an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. KeyCorp cut their price objective on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Raymond James lowered their target price on Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.01.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.