Toronto Dominion Bank Boosts Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Toronto Dominion Bank raised its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,280,780 shares of the company's stock after buying an additional 129,237 shares during the period. Toronto Dominion Bank owned about 0.05% of Warner Bros. Discovery worth $13,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WBD. GF Fund Management CO. LTD. acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at $4,914,000. Neo Ivy Capital Management purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at about $3,700,000. Vise Technologies Inc. purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at about $124,000. Poehling Capital Management INC. lifted its holdings in shares of Warner Bros. Discovery by 0.3% in the 4th quarter. Poehling Capital Management INC. now owns 744,334 shares of the company's stock valued at $7,868,000 after purchasing an additional 1,968 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Warner Bros. Discovery by 25.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,818,180 shares of the company's stock valued at $135,488,000 after acquiring an additional 2,573,716 shares during the period. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Price Performance

Shares of WBD traded up $0.03 on Monday, reaching $10.00. The stock had a trading volume of 46,457,125 shares, compared to its average volume of 33,487,797. The firm has a market capitalization of $24.55 billion, a PE ratio of -2.18, a PEG ratio of 8.64 and a beta of 1.46. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average of $8.92 and a 200 day moving average of $9.94. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly 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). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm had revenue of $8.98 billion during the quarter, compared to analyst estimates of $9.66 billion. During the same quarter in the prior year, the company earned ($0.40) EPS. The business's revenue was down 9.8% on a year-over-year basis. Sell-side analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Wall Street Analyst Weigh In

WBD has been the topic of several recent research reports. KeyCorp dropped 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. Rosenblatt Securities restated a "neutral" rating and issued a $13.00 price target on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Citigroup dropped their price target on Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday. Benchmark reiterated a "buy" rating and set a $18.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Warner Bros. Discovery currently has an average rating of "Moderate Buy" and a consensus target price of $12.17.

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.