Vantage Investment Partners LLC Raises Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Vantage Investment Partners LLC increased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 22.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,085,000 shares of the company's stock after acquiring an additional 200,000 shares during the period. Vantage Investment Partners LLC's holdings in Warner Bros. Discovery were worth $12,347,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in WBD. Thompson Siegel & Walmsley LLC acquired a new position in shares of Warner Bros. Discovery during the third quarter worth approximately $32,838,000. Retirement Systems of Alabama bought a new stake in Warner Bros. Discovery in the third quarter valued at approximately $8,438,000. First Trust Advisors LP bought a new stake in Warner Bros. Discovery in the third quarter valued at approximately $4,168,000. Price T Rowe Associates Inc. MD bought a new stake in Warner Bros. Discovery in the third quarter valued at approximately $49,058,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Warner Bros. Discovery in the third quarter valued at approximately $601,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Up 1.1 %

WBD traded up $0.09 during mid-day trading on Friday, reaching $8.40. 26,352,808 shares of the stock were exchanged, compared to its average volume of 26,376,978. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $20.49 billion, a PE ratio of -6.56 and a beta of 1.51. The company has a 50 day moving average price of $8.77 and a two-hundred day moving average price of $10.04. Warner Bros. Discovery, Inc. has a 1 year low of $8.02 and a 1 year high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.05). The firm had revenue of $10.28 billion for the quarter, compared to analysts' expectations of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. Warner Bros. Discovery's revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. As a group, research analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wells Fargo & Company cut shares of Warner Bros. Discovery from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $16.00 to $12.00 in a report on Monday, January 29th. Benchmark reissued a "buy" rating and issued a $20.00 price objective on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Macquarie lowered their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an "outperform" rating on the stock in a research report on Monday, January 22nd. Barrington Research lowered their price target on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an "outperform" rating on the stock in a research report on Monday, February 26th. Finally, Citigroup decreased their target price on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, February 29th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $14.24.

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.