Clifford Swan Investment Counsel LLC Raises Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Clifford Swan Investment Counsel LLC increased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 378,960 shares of the company’s stock after acquiring an additional 37,257 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Warner Bros. Discovery were worth $4,313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WBD. Dakota Wealth Management boosted its holdings in Warner Bros. Discovery by 22.4% in the 3rd quarter. Dakota Wealth Management now owns 13,498 shares of the company’s stock worth $147,000 after buying an additional 2,471 shares during the period. Stratos Wealth Partners LTD. increased its stake in Warner Bros. Discovery by 6.9% in the third quarter. Stratos Wealth Partners LTD. now owns 39,934 shares of the company’s stock valued at $434,000 after acquiring an additional 2,562 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at about $109,000. Brown Advisory Inc. lifted its holdings in shares of Warner Bros. Discovery by 10.3% in the 3rd quarter. Brown Advisory Inc. now owns 54,593 shares of the company’s stock worth $593,000 after acquiring an additional 5,107 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its stake in shares of Warner Bros. Discovery by 35.0% during the third quarter. Miracle Mile Advisors LLC now owns 15,028 shares of the company’s stock valued at $163,000 after buying an additional 3,900 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Down 0.1 %

NASDAQ:WBD traded down $0.01 during mid-day trading on Monday, reaching $7.96. The company’s stock had a trading volume of 29,568,867 shares, compared to its average volume of 27,406,131. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a 1 year low of $7.34 and a 1 year high of $14.76. The stock has a fifty day moving average of $8.45 and a 200-day moving average of $9.87.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. Sell-side analysts predict that Warner Bros. Discovery, Inc. will post -0.35 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on WBD shares. Barclays reduced their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 29th. Benchmark reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Wolfe Research lowered Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 target price for the company. in a research report on Tuesday, April 23rd. Morgan Stanley lowered their target price on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Finally, Redburn Atlantic lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $13.83.

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.