California State Teachers Retirement System Has $34.15 Million Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

California State Teachers Retirement System lessened its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,230,972 shares of the company's stock after selling 275,258 shares during the quarter. California State Teachers Retirement System owned approximately 0.13% of Warner Bros. Discovery worth $34,151,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Colonial Trust Advisors increased its position in Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after buying an additional 996 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. grew its position in shares of Warner Bros. Discovery by 313.4% in the fourth 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 acquired a new position in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $28,000. Finally, Ethos Financial Group LLC acquired a new position in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 59.95% of the company's stock.

Warner Bros. Discovery Trading Up 0.3%

Shares of WBD stock traded up $0.03 during mid-day trading on Monday, hitting $10.00. The company's stock had a trading volume of 46,457,125 shares, compared to its average volume of 33,487,797. The company's fifty day simple moving average is $8.92 and its 200-day simple moving average is $9.94. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $24.55 billion, a PE ratio of -2.18, a P/E/G ratio of 8.64 and a beta of 1.46.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WBD. Argus raised Warner Bros. Discovery to a "hold" rating in a research report on Tuesday, May 27th. Barrington Research reissued an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research report on Tuesday, May 13th. Raymond James reduced their price target on 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. KeyCorp reduced their price target on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Benchmark reissued a "buy" rating and set a $18.00 price target on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.17.

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.