Thompson Siegel & Walmsley LLC Has $34.85 Million Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Thompson Siegel & Walmsley LLC trimmed its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,062,738 shares of the company's stock after selling 583,324 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.13% of Warner Bros. Discovery worth $34,854,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Invesco Ltd. grew its holdings in Warner Bros. Discovery by 16.6% during the third quarter. Invesco Ltd. now owns 28,184,613 shares of the company's stock worth $306,085,000 after acquiring an additional 4,016,888 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Warner Bros. Discovery by 12.1% during the third quarter. The Manufacturers Life Insurance Company now owns 21,823,875 shares of the company's stock worth $237,007,000 after acquiring an additional 2,356,665 shares during the period. Northern Trust Corp grew its holdings in Warner Bros. Discovery by 2.6% during the third quarter. Northern Trust Corp now owns 20,873,998 shares of the company's stock worth $226,692,000 after acquiring an additional 524,965 shares during the period. Boston Partners grew its holdings in Warner Bros. Discovery by 43.0% during the third quarter. Boston Partners now owns 14,225,819 shares of the company's stock worth $153,713,000 after acquiring an additional 4,275,994 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Warner Bros. Discovery by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,672,632 shares of the company's stock worth $155,594,000 after acquiring an additional 575,123 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on WBD. Benchmark reaffirmed a "buy" rating and set a $20.00 target price on shares of Warner Bros. Discovery in a report on Monday, March 4th. Citigroup decreased their price target on Warner Bros. Discovery from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, February 29th. Rosenblatt Securities upgraded Warner Bros. Discovery from a "sell" rating to a "neutral" rating and increased their price target for the company from $7.00 to $10.00 in a research report on Thursday, March 21st. KeyCorp upgraded Warner Bros. Discovery from a "sector weight" rating to an "overweight" rating and set a $11.00 price target for the company in a research report on Friday. Finally, Morgan Stanley decreased their price target on Warner Bros. Discovery from $14.00 to $10.00 and set an "equal weight" rating for the company in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $13.32.

Warner Bros. Discovery Stock Performance

Shares of Warner Bros. Discovery stock traded up $0.11 during trading on Friday, reaching $8.15. The company's stock had a trading volume of 35,600,500 shares, compared to its average volume of 30,685,270. The business's fifty day moving average price is $8.38 and its 200-day moving average price is $9.79. Warner Bros. Discovery, Inc. has a one year low of $7.34 and a one year high of $14.76. The firm has a market cap of $19.88 billion, a price-to-earnings ratio of -6.57 and a beta of 1.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.93 and a current ratio of 0.82.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The business had revenue of $9.96 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the company posted $0.18 earnings per share. The firm's revenue was down 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current year.

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.