Stifel Financial Corp Sells 84,986 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Stifel Financial Corp reduced its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 364,694 shares of the company's stock after selling 84,986 shares during the period. Stifel Financial Corp's holdings in Warner Bros. Discovery were worth $3,855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Colonial Trust Advisors increased its stake in shares of Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after buying an additional 996 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of Warner Bros. Discovery in the fourth quarter worth $26,000. SRS Capital Advisors Inc. increased its stake in shares of Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after buying an additional 1,940 shares during the period. Graney & King LLC purchased a new position in shares of Warner Bros. Discovery in the fourth quarter worth $28,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Warner Bros. Discovery in the fourth quarter worth $29,000. 59.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WBD. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $13.00 target price on shares of Warner Bros. Discovery in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. KeyCorp cut their price target on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Benchmark reiterated a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Finally, Wells Fargo & Company cut their price target on shares of Warner Bros. Discovery from $11.00 to $9.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of "Moderate Buy" and an average price target of $12.01.

Insider Buying and Selling

In related news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the transaction, the director now directly owns 159,932 shares in the company, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Warner Bros. Discovery Stock Performance

Shares of Warner Bros. Discovery stock opened at $8.43 on Friday. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of -1.84, a PEG ratio of 8.64 and a beta of 1.43. The firm's 50-day moving average is $9.63 and its 200 day moving average is $9.78. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). The firm had revenue of $10.03 billion during the quarter, compared to the consensus estimate of $10.16 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

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.

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