Crossmark Global Holdings Inc. Acquires 96,545 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Crossmark Global Holdings Inc. boosted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 77.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,027 shares of the company's stock after buying an additional 96,545 shares during the period. Crossmark Global Holdings Inc.'s holdings in Warner Bros. Discovery were worth $2,369,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WBD. Vanguard Group Inc. boosted its stake in Warner Bros. Discovery by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 252,650,791 shares of the company's stock valued at $2,670,519,000 after buying an additional 1,658,415 shares in the last quarter. Geode Capital Management LLC increased its holdings in Warner Bros. Discovery by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 57,441,931 shares of the company's stock valued at $605,633,000 after purchasing an additional 1,991,441 shares during the last quarter. Norges Bank bought a new stake in Warner Bros. Discovery in the fourth quarter valued at about $362,210,000. Slate Path Capital LP increased its holdings in Warner Bros. Discovery by 36.6% in the fourth quarter. Slate Path Capital LP now owns 23,801,000 shares of the company's stock valued at $251,577,000 after purchasing an additional 6,381,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Warner Bros. Discovery by 7.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 23,608,829 shares of the company's stock valued at $249,545,000 after acquiring an additional 1,725,775 shares during the period. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Trading Down 0.0%

Shares of NASDAQ:WBD traded down $0.01 on Friday, reaching $11.65. 32,295,737 shares of the company traded hands, compared to its average volume of 36,762,639. The business's 50-day simple moving average is $10.01 and its 200 day simple moving average is $9.96. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The stock has a market capitalization of $28.59 billion, a P/E ratio of -2.65 and a beta of 1.54. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.99.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on WBD shares. Bank of America upped their price objective on Warner Bros. Discovery from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. KeyCorp reduced their price target on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Citigroup dropped their price objective on Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. UBS Group increased their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Argus upgraded Warner Bros. Discovery to a "hold" rating in a research note on Tuesday, May 27th. Twelve research 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.41.

About Warner Bros. Discovery

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.