Williams Financial LLC Invests $322,000 in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Williams Financial LLC acquired a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the second quarter, HoldingsChannel.com reports. The firm acquired 40,039 shares of the company’s stock, valued at approximately $322,000.

A number of other institutional investors also recently bought and sold shares of WBD. Family Firm Inc. bought a new stake in shares of Warner Bros. Discovery during the 2nd quarter valued at about $26,000. Crewe Advisors LLC bought a new stake in Warner Bros. Discovery during the first quarter valued at approximately $27,000. OFI Invest Asset Management increased its holdings in Warner Bros. Discovery by 45.9% during the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after buying an additional 1,221 shares during the last quarter. First Financial Corp IN raised its position in Warner Bros. Discovery by 577.4% in the first quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock worth $30,000 after acquiring an additional 2,887 shares during the period. Finally, University of Texas Texas AM Investment Managment Co. purchased a new position in shares of Warner Bros. Discovery during the 4th quarter worth $33,000. Institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company reduced their price objective on Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Barclays decreased their price objective on Warner Bros. Discovery from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Sanford C. Bernstein cut shares of Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $10.00 to $8.00 in a research note on Tuesday, August 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Warner Bros. Discovery has a consensus rating of “Hold” and an average price target of $10.93.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $8.49 on Friday. The company has a market cap of $20.82 billion, a price-to-earnings ratio of -6.85 and a beta of 1.48. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The stock’s 50 day simple moving average is $7.75 and its two-hundred day simple moving average is $7.98. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.76 and a quick ratio of 0.76.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($4.07) EPS for the quarter, missing the consensus estimate of ($0.18) by ($3.89). Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The business had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $10.07 billion. During the same quarter last year, the business earned ($0.51) EPS. Warner Bros. Discovery’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -4.17 earnings per share for the current fiscal 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.