Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co lowered its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 12.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,584 shares of the company’s stock after selling 1,600 shares during the quarter. Fiduciary Trust Co’s holdings in Warner Bros. Discovery were worth $96,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Family Firm Inc. bought a new stake in Warner Bros. Discovery during the second quarter worth approximately $26,000. OFI Invest Asset Management increased its position in shares of Warner Bros. Discovery by 45.9% in the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock worth $27,000 after acquiring an additional 1,221 shares in the last quarter. Larson Financial Group LLC raised its holdings 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 valued at $41,000 after acquiring an additional 1,754 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at approximately $41,000. Finally, Bank & Trust Co acquired a new position in Warner Bros. Discovery in the 2nd quarter worth approximately $39,000. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Up 1.0 %

Shares of Warner Bros. Discovery stock opened at $10.48 on Monday. The company’s fifty day simple moving average is $8.54 and its 200-day simple moving average is $8.03. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a market cap of $25.71 billion, a price-to-earnings ratio of -2.29 and a beta of 1.48.

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 return on equity of 27.56% and a negative net margin of 28.34%. 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 company posted ($0.17) earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that Warner Bros. Discovery, Inc. will post -4.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays increased their target price on Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Barrington Research reaffirmed an “outperform” rating and set a $12.00 target price on shares of Warner Bros. Discovery in a research note on Thursday, November 7th. Evercore ISI reduced their price target on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Raymond James boosted their price objective on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, TD Cowen cut their target price on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.55.

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.