Guardian Wealth Management Inc. Raises Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Guardian Wealth Management Inc. increased its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 60.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,729 shares of the company's stock after buying an additional 21,712 shares during the period. Guardian Wealth Management Inc.'s holdings in Warner Bros. Discovery were worth $619,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Colonial Trust Advisors boosted its holdings in Warner Bros. Discovery by 71.8% in the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock valued at $25,000 after purchasing an additional 996 shares during the period. Flagship Harbor Advisors LLC grew its position in 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 buying an additional 1,318 shares in the last quarter. Bessemer Group Inc. increased its stake in Warner Bros. Discovery by 11.4% in the 4th 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 last quarter. CX Institutional raised its holdings in shares of Warner Bros. Discovery by 5.7% in the 1st quarter. CX Institutional now owns 27,324 shares of the company's stock valued at $293,000 after acquiring an additional 1,465 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC boosted its position in shares of Warner Bros. Discovery by 9.0% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 18,825 shares of the company's stock valued at $202,000 after acquiring an additional 1,561 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WBD has been the topic of several research analyst reports. Huber Research upgraded shares of Warner Bros. Discovery from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, June 9th. Bank of America increased their price target on shares of Warner Bros. Discovery from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. KeyCorp dropped their price objective on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Benchmark reissued a "buy" rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a research note on Monday, July 14th. Finally, Guggenheim restated a "buy" rating on shares of Warner Bros. Discovery in a research report on Tuesday, June 10th. Twelve analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.41.

Warner Bros. Discovery Trading Up 1.4%

Shares of NASDAQ WBD traded up $0.19 during mid-day trading on Thursday, hitting $13.50. The stock had a trading volume of 127,459,085 shares, compared to its average volume of 70,161,552. The business has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $10.08. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $13.68. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $33.14 billion, a P/E ratio of -3.07 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $9.66 billion. Warner Bros. Discovery had a negative net margin of 28.16% and a negative return on equity of 30.56%. The business's revenue was down 9.8% on a year-over-year basis. During the same period last year, the company posted ($0.40) earnings per share. On average, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS 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.