Thompson Investment Management Inc. Lowers Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Thompson Investment Management Inc. lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,407,438 shares of the company’s stock after selling 34,636 shares during the quarter. Warner Bros. Discovery accounts for about 2.1% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 4th biggest position. Thompson Investment Management Inc.’s holdings in Warner Bros. Discovery were worth $14,877,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WBD. Sugar Maple Asset Management LLC acquired a new position in shares of Warner Bros. Discovery during the fourth quarter worth approximately $33,000. New Wave Wealth Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the fourth quarter worth approximately $37,000. Larson Financial Group LLC lifted its position in shares of Warner Bros. Discovery by 54.1% during the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock worth $41,000 after purchasing an additional 1,754 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of Warner Bros. Discovery by 448.3% during the fourth quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company’s stock worth $48,000 after purchasing an additional 3,743 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Warner Bros. Discovery during the third quarter worth approximately $51,000. Institutional investors own 59.95% of the company’s stock.

Analysts Set New Price Targets

WBD has been the topic of a number of recent research reports. Bank of America reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. The Goldman Sachs Group raised their price objective on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Rosenblatt Securities lifted their price target on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. lifted their price target on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Finally, KeyCorp lifted their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.76.

Insider Buying and Selling at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the transaction, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. The trade was a 22.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Stock Down 0.4 %

Shares of WBD stock opened at $10.16 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The firm’s fifty day moving average price is $10.45 and its two-hundred day moving average price is $8.98. The firm has a market capitalization of $24.92 billion, a P/E ratio of -2.22, a PEG ratio of 7.98 and a beta of 1.49.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. During the same period in the previous year, the business earned ($0.17) EPS. The company’s revenue was down 3.6% compared to the same quarter last year. On average, equities analysts predict 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.