Warner Bros. Discovery, Inc. (NASDAQ:WBD) Position Trimmed by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC reduced its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 46.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,100 shares of the company’s stock after selling 17,389 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Warner Bros. Discovery were worth $212,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of WBD. Robeco Institutional Asset Management B.V. raised its stake in Warner Bros. Discovery by 25.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,550,885 shares of the company’s stock worth $37,533,000 after acquiring an additional 724,393 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of Warner Bros. Discovery by 21.1% during the fourth quarter. Perigon Wealth Management LLC now owns 18,541 shares of the company’s stock valued at $196,000 after purchasing an additional 3,231 shares during the last quarter. Nilsine Partners LLC acquired a new stake in shares of Warner Bros. Discovery during the 4th quarter worth approximately $150,000. Parkside Investments LLC lifted its holdings in shares of Warner Bros. Discovery by 297.9% in the 4th quarter. Parkside Investments LLC now owns 260,494 shares of the company’s stock worth $2,753,000 after purchasing an additional 195,026 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Warner Bros. Discovery by 27.3% during the fourth quarter. Pacer Advisors Inc. now owns 363,983 shares of the company’s stock valued at $3,847,000 after acquiring an additional 78,123 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Trading Up 1.8 %

WBD opened at $10.43 on Thursday. 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 stock has a 50-day moving average of $10.46 and a 200-day moving average of $8.89. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.79 billion. During the same quarter in the prior year, the business earned ($0.17) earnings per share. The company’s revenue was down 3.6% on a year-over-year basis. Equities analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Activity at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the sale, the insider now owns 599,317 shares in the company, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WBD shares. Wolfe Research raised Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and raised their price objective for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st. Bank of America reaffirmed a “buy” rating and set a $14.00 price target on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Barclays boosted their price objective on Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group raised their target price on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Warner Bros. Discovery presently has an average rating of “Moderate Buy” and an average target price of $11.76.

About Warner Bros. Discovery

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.