Harrington Investments INC Has $226,000 Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Harrington Investments INC lifted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,314 shares of the company’s stock after purchasing an additional 1,896 shares during the quarter. Harrington Investments INC’s holdings in Warner Bros. Discovery were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Apollon Wealth Management LLC boosted its stake in Warner Bros. Discovery by 26.3% in the 4th quarter. Apollon Wealth Management LLC now owns 34,114 shares of the company’s stock valued at $388,000 after buying an additional 7,096 shares in the last quarter. Principal Securities Inc. acquired a new stake in Warner Bros. Discovery in the 4th quarter valued at $377,000. QRG Capital Management Inc. boosted its stake in Warner Bros. Discovery by 13.5% in the 4th quarter. QRG Capital Management Inc. now owns 54,283 shares of the company’s stock valued at $618,000 after buying an additional 6,447 shares in the last quarter. Boston Partners boosted its stake in Warner Bros. Discovery by 9.9% in the 4th quarter. Boston Partners now owns 15,640,771 shares of the company’s stock valued at $177,384,000 after buying an additional 1,414,952 shares in the last quarter. Finally, Quotient Wealth Partners LLC acquired a new stake in Warner Bros. Discovery in the 4th quarter valued at $121,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WBD. TD Cowen decreased their price target on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Evercore ISI reduced their price objective on Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Sanford C. Bernstein lowered Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $10.00 to $8.00 in a research note on Tuesday, August 13th. Wells Fargo & Company reduced their price objective on Warner Bros. Discovery from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Finally, Macquarie reduced their price objective on Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.98.

Warner Bros. Discovery Trading Down 2.7 %

NASDAQ WBD opened at $7.22 on Monday. The stock has a 50-day simple moving average of $7.72 and a 200 day simple moving average of $8.02. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.06. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($4.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). The company had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.51) EPS. On average, analysts expect that Warner Bros. Discovery, Inc. will post -4.17 earnings per share for the current fiscal year.

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.