JFS Wealth Advisors LLC Has $26,000 Holdings in Warner Bros. Discovery, Inc. $WBD

JFS Wealth Advisors LLC reduced its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 32.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,298 shares of the company’s stock after selling 1,084 shares during the period. JFS Wealth Advisors LLC’s holdings in Warner Bros. Discovery were worth $26,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WBD. Blue Trust Inc. increased its holdings in shares of Warner Bros. Discovery by 8.6% during the 2nd quarter. Blue Trust Inc. now owns 18,340 shares of the company’s stock valued at $210,000 after acquiring an additional 1,459 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Warner Bros. Discovery by 29.8% during the 2nd quarter. IFP Advisors Inc now owns 58,406 shares of the company’s stock valued at $674,000 after acquiring an additional 13,418 shares during the last quarter. Callan Family Office LLC increased its holdings in shares of Warner Bros. Discovery by 88.4% during the 2nd quarter. Callan Family Office LLC now owns 35,132 shares of the company’s stock valued at $403,000 after acquiring an additional 16,486 shares during the last quarter. Armstrong Fleming & Moore Inc acquired a new position in shares of Warner Bros. Discovery during the 2nd quarter valued at about $182,000. Finally, Trifecta Capital Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the 2nd quarter valued at about $34,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Down 3.2%

NASDAQ WBD opened at $17.10 on Monday. The firm has a 50-day simple moving average of $14.93 and a 200 day simple moving average of $11.79. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $42.34 billion, a PE ratio of 57.00, a PEG ratio of 2.00 and a beta of 1.73. Warner Bros. Discovery, Inc. has a twelve month low of $7.25 and a twelve month high of $20.24.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.79. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The company had revenue of $9.81 billion during the quarter, compared to the consensus estimate of $9.73 billion. During the same quarter last year, the company earned ($4.07) EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. KeyCorp reissued a “sector weight” rating on shares of Warner Bros. Discovery in a report on Friday, September 26th. Moffett Nathanson increased their price objective on Warner Bros. Discovery from $14.00 to $23.00 and gave the company a “buy” rating in a report on Monday, September 22nd. TD Cowen reissued a “hold” rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a report on Tuesday, September 16th. Wells Fargo & Company raised their target price on Warner Bros. Discovery from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Finally, Barrington Research reiterated an “outperform” rating and set a $16.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, Warner Bros. Discovery presently has an average rating of “Hold” and an average target price of $16.61.

Insiders Place Their Bets

In related news, insider Bruce Campbell sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $18.00, for a total transaction of $2,700,000.00. Following the completion of the transaction, the insider owned 252,464 shares in the company, valued at $4,544,352. This trade represents a 37.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gunnar Wiedenfels sold 530,793 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $19.50, for a total value of $10,350,463.50. Following the transaction, the chief financial officer owned 1,141,150 shares of the company’s stock, valued at $22,252,425. This trade represents a 31.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 970,115 shares of company stock worth $17,818,490 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Warner Bros. Discovery 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.