Vanguard Personalized Indexing Management LLC Has $8.71 Million Stake in Warner Bros. Discovery, Inc. $WBD

Vanguard Personalized Indexing Management LLC raised its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 27.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 302,136 shares of the company’s stock after purchasing an additional 64,329 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Warner Bros. Discovery were worth $8,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in WBD. Brighton Jones LLC lifted its stake in Warner Bros. Discovery by 304.9% in the fourth quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock valued at $729,000 after acquiring an additional 51,920 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Warner Bros. Discovery by 50.5% in the first quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock valued at $679,000 after acquiring an additional 21,228 shares during the last quarter. Empowered Funds LLC lifted its stake in Warner Bros. Discovery by 6.2% in the first quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock valued at $698,000 after acquiring an additional 3,779 shares during the last quarter. Focus Partners Wealth lifted its stake in Warner Bros. Discovery by 91.6% in the first quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock valued at $1,254,000 after acquiring an additional 55,837 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in Warner Bros. Discovery by 3.8% in the second quarter. Baird Financial Group Inc. now owns 111,450 shares of the company’s stock valued at $1,277,000 after acquiring an additional 4,062 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock opened at $26.83 on Tuesday. Warner Bros. Discovery, Inc. has a twelve month low of $10.04 and a twelve month high of $30.00. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92. The company has a 50-day simple moving average of $27.11 and a two-hundred day simple moving average of $27.59. The stock has a market capitalization of $67.27 billion, a price-to-earnings ratio of -38.33 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($1.07). Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The business had revenue of $8.89 billion during the quarter, compared to analyst estimates of $8.89 billion. During the same quarter last year, the firm earned ($0.18) EPS. Warner Bros. Discovery’s revenue for the quarter was down 1.0% compared to the same quarter last year. Analysts forecast that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Raymond James Financial reiterated an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Arete Research reissued a “neutral” rating and issued a $31.25 price objective on shares of Warner Bros. Discovery in a research report on Friday, February 27th. TD Cowen increased their price objective on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, February 27th. Rothschild & Co Redburn set a $31.00 price objective on shares of Warner Bros. Discovery and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Finally, Sanford C. Bernstein increased their price objective on shares of Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.04.

Warner Bros. Discovery Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.