Warner Bros. Discovery, Inc. $WBD Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Warner Bros. Discovery by 10.1%, owning over 14 million shares valued at approximately $151 million as of the end of the last quarter.
• Warner Bros. Discovery reported an earnings per share of $0.63 for the last quarter, exceeding estimates by $0.79, while its revenue reached $9.81 billion, above the $9.73 billion forecast.
• Currently, 59.95% of Warner Bros. Discovery's stock is held by institutional investors, reflecting substantial confidence from the investment community.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 10.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 14,113,962 shares of the company's stock after purchasing an additional 1,295,782 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.57% of Warner Bros. Discovery worth $151,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC lifted its holdings in shares of Warner Bros. Discovery by 9.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 14,955 shares of the company's stock valued at $160,000 after purchasing an additional 1,318 shares during the last quarter. CX Institutional lifted 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 purchasing an additional 1,465 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Warner Bros. Discovery by 9.0% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 18,825 shares of the company's stock valued at $202,000 after purchasing an additional 1,561 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Warner Bros. Discovery by 2.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 62,966 shares of the company's stock valued at $676,000 after acquiring an additional 1,588 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in Warner Bros. Discovery by 8.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 19,756 shares of the company's stock valued at $212,000 after acquiring an additional 1,618 shares during the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery Trading Up 16.7%

Shares of WBD opened at $18.87 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $46.72 billion, a P/E ratio of 62.90, a price-to-earnings-growth ratio of 2.15 and a beta of 1.59. The stock's fifty day simple moving average is $12.40 and its 200 day simple moving average is $10.66. Warner Bros. Discovery, Inc. has a twelve month low of $7.25 and a twelve month high of $19.33.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.79. The business had revenue of $9.81 billion for the quarter, compared to analyst estimates of $9.73 billion. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted ($4.07) EPS. On average, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Buying and Selling at Warner Bros. Discovery

In other news, Director Anton J. Levy bought 250,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average cost of $10.90 per share, with a total value of $2,725,000.00. Following the transaction, the director owned 874,000 shares of the company's stock, valued at $9,526,600. This represents a 40.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bruce Campbell sold 289,322 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $16.48, for a total value of $4,768,026.56. Following the completion of the transaction, the insider directly owned 402,464 shares in the company, valued at $6,632,606.72. This trade represents a 41.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Guggenheim reissued a "buy" rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. Barrington Research reiterated an "outperform" rating and set a $16.00 target price on shares of Warner Bros. Discovery in a report on Wednesday, July 30th. Morgan Stanley increased their target price on Warner Bros. Discovery from $10.00 to $13.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a report on Friday. Finally, Citigroup decreased their price objective 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $13.20.

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.

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