Dupree Financial Group LLC Purchases Shares of 268,814 Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Dupree Financial Group LLC bought a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 268,814 shares of the company's stock, valued at approximately $2,884,000. Warner Bros. Discovery comprises approximately 1.2% of Dupree Financial Group LLC's holdings, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Colonial Trust Advisors increased its stake in shares of 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 acquiring an additional 996 shares during the period. Personal CFO Solutions LLC increased its stake in shares of Warner Bros. Discovery by 2.8% during the fourth quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company's stock worth $454,000 after acquiring an additional 1,174 shares during the period. TCTC Holdings LLC increased its stake in shares of Warner Bros. Discovery by 18.1% during the fourth quarter. TCTC Holdings LLC now owns 8,156 shares of the company's stock worth $86,000 after acquiring an additional 1,250 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Warner Bros. Discovery by 9.7% during the first quarter. Flagship Harbor Advisors LLC now owns 14,955 shares of the company's stock worth $160,000 after acquiring an additional 1,318 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Warner Bros. Discovery by 11.4% during the fourth quarter. Bessemer Group Inc. now owns 13,047 shares of the company's stock worth $139,000 after acquiring an additional 1,338 shares during the period. 59.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on WBD. Raymond James Financial lowered their target price 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. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a research report on Tuesday, June 10th. Bank of America upped their target price on shares of Warner Bros. Discovery from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Barrington Research restated an "outperform" rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research report on Monday, June 9th. Finally, Morgan Stanley lowered their target price on shares of Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Twelve investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Warner Bros. Discovery has an average rating of "Moderate Buy" and a consensus target price of $12.41.

Warner Bros. Discovery Trading Up 1.4%

WBD stock traded up $0.16 during midday trading on Thursday, hitting $11.65. The stock had a trading volume of 42,463,508 shares, compared to its average volume of 36,709,569. The firm has a market cap of $28.60 billion, a PE ratio of -2.65 and a beta of 1.54. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.84. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The company's 50-day moving average price is $9.94 and its 200 day moving average price is $9.95.

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). The firm had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $9.66 billion. Warner Bros. Discovery had a negative return on equity of 30.56% and a negative net margin of 28.16%. The firm's revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.40) earnings per share. On average, equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal 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.