Dupree Financial Group LLC Purchases New Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Dupree Financial Group LLC bought a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 268,814 shares of the company's stock, valued at approximately $2,884,000. Warner Bros. Discovery makes up about 1.2% of Dupree Financial Group LLC's portfolio, making the stock its 28th biggest position.

Several other institutional investors have also recently bought and sold shares of the business. Colonial Trust Advisors grew its holdings 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 purchasing an additional 996 shares during the last quarter. Personal CFO Solutions LLC grew its holdings 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 purchasing an additional 1,174 shares during the last quarter. TCTC Holdings LLC grew its holdings 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 purchasing an additional 1,250 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings 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 purchasing an additional 1,318 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings 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 purchasing an additional 1,338 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Morgan Stanley reduced their target price on Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Barrington Research reiterated an "outperform" rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a report on Monday, June 9th. Citigroup reduced their target price on Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Finally, Guggenheim reiterated a "buy" rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $12.33.

Warner Bros. Discovery Stock Down 1.8%

Shares of NASDAQ:WBD traded down $0.20 during trading on Monday, reaching $11.02. 38,305,067 shares of the stock were exchanged, compared to its average volume of 36,364,426. 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 1-year low of $6.64 and a 1-year high of $12.70. The stock has a fifty day moving average of $9.79 and a two-hundred day moving average of $9.93. The firm has a market cap of $27.05 billion, a price-to-earnings ratio of -2.50 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $9.66 billion. Warner Bros. Discovery had a negative return on equity of 30.56% and a negative net margin of 28.16%. Warner Bros. Discovery's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.40) earnings per share. Research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Warner Bros. Discovery 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.