Michels Family Financial LLC Acquires New Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Michels Family Financial LLC acquired a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 46,979 shares of the company's stock, valued at approximately $497,000.

Several other large investors have also recently added to or reduced their stakes in WBD. Colonial Trust Advisors grew its position in Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after acquiring an additional 996 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Warner Bros. Discovery during the 4th quarter valued at $26,000. SRS Capital Advisors Inc. lifted its stake in shares of Warner Bros. Discovery by 313.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after purchasing an additional 1,940 shares during the last quarter. Graney & King LLC bought a new stake in Warner Bros. Discovery in the fourth quarter worth $28,000. Finally, Ethos Financial Group LLC acquired a new position in Warner Bros. Discovery during the fourth quarter worth $29,000. Institutional investors and hedge funds own 59.95% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WBD. Barrington Research reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research report on Tuesday, May 13th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $13.00 target price on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Raymond James dropped their price target on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Barclays raised their target price on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Finally, Argus upgraded shares of Warner Bros. Discovery to a "hold" rating in a report on Tuesday. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.22.

Insider Buying and Selling

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the acquisition, the director now directly owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. This represents a 12.17% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company's stock.

Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock traded down $0.14 during midday trading on Thursday, reaching $9.89. The company had a trading volume of 26,675,474 shares, compared to its average volume of 37,703,855. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a fifty day simple moving average of $8.98 and a 200 day simple moving average of $9.92. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70. The company has a market capitalization of $24.27 billion, a price-to-earnings ratio of -2.16, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $8.98 billion during the quarter, compared to analyst estimates of $9.66 billion. During the same period last year, the business posted ($0.40) earnings per share. The firm's quarterly revenue was down 9.8% on a year-over-year basis. As a group, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

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.