CW Advisors LLC Grows Stock Holdings in Warner Bros. Discovery, Inc. $WBD

Key Points

• CW Advisors LLC significantly increased its stake in Warner Bros. Discovery by 193.8% to a total of 31,772 shares, valued at approximately $343,000.
• Multiple institutional investors have also boosted their holdings, with Brighton Jones LLC raising its stake by 304.9% during the fourth quarter.
• Analysts have mixed opinions on the stock, with price targets ranging from $11.00 to $18.00, and an overall consensus rating of "Moderate Buy."

CW Advisors LLC grew its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 193.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,772 shares of the company's stock after buying an additional 20,957 shares during the quarter. CW Advisors LLC's holdings in Warner Bros. Discovery were worth $343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. bought a new position in shares of Warner Bros. Discovery during the 1st quarter valued at $27,000. North Capital Inc. purchased a new stake in Warner Bros. Discovery in the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Warner Bros. Discovery during the 1st quarter valued at about $29,000. Ameriflex Group Inc. bought a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at about $30,000. Finally, Golden State Wealth Management LLC boosted its stake in shares of Warner Bros. Discovery by 448.0% during the 1st quarter. Golden State Wealth Management LLC now owns 2,877 shares of the company's stock valued at $31,000 after purchasing an additional 2,352 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Stock Down 3.5%

Warner Bros. Discovery stock traded down $0.42 during trading hours on Monday, hitting $11.64. The stock had a trading volume of 60,181,031 shares, compared to its average volume of 47,022,940. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $28.82 billion, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 1.55 and a beta of 1.59. Warner Bros. Discovery, Inc. has a 12-month low of $6.78 and a 12-month high of $13.86. The stock's 50-day moving average price is $11.99 and its 200-day moving average price is $10.49.

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 (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.79. The business had revenue of $9.81 billion during the quarter, compared to analysts' expectations of $9.73 billion. Warner Bros. Discovery had a net margin of 2.00% and a return on equity of 2.14%. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($4.07) earnings per share. Equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In related news, Director Anton J. Levy acquired 250,000 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was purchased at an average cost of $10.90 per share, with a total value of $2,725,000.00. Following the completion of the acquisition, the director directly owned 874,000 shares of the company's stock, valued at approximately $9,526,600. This trade represents a 40.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

WBD has been the topic of several research reports. KeyCorp dropped their price objective on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Raymond James Financial dropped their price objective on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Argus raised shares of Warner Bros. Discovery to a "hold" rating in a research note on Tuesday, May 27th. Wells Fargo & Company boosted their price objective on shares of Warner Bros. Discovery from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Finally, Morgan Stanley boosted their price objective on shares of Warner Bros. Discovery from $10.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $13.14.

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.