Warner Bros. Discovery, Inc. $WBD Holdings Increased by Poehling Capital Management INC.

Poehling Capital Management INC. lifted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.1% in the third quarter, Holdings Channel reports. The fund owned 905,680 shares of the company’s stock after purchasing an additional 27,611 shares during the quarter. Warner Bros. Discovery makes up 3.7% of Poehling Capital Management INC.’s holdings, making the stock its 4th biggest holding. Poehling Capital Management INC.’s holdings in Warner Bros. Discovery were worth $17,688,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Warner Bros. Discovery by 304.9% during the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock valued at $729,000 after purchasing an additional 51,920 shares during the last quarter. NewEdge Advisors LLC lifted its position in Warner Bros. Discovery by 50.5% in the first quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock worth $679,000 after buying an additional 21,228 shares during the last quarter. Empowered Funds LLC boosted its stake in Warner Bros. Discovery by 6.2% during the first quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock worth $698,000 after buying an additional 3,779 shares during the period. Focus Partners Wealth increased its position in Warner Bros. Discovery by 91.6% during 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, Ameritas Advisory Services LLC bought a new position in Warner Bros. Discovery during the second quarter valued at $101,000. 59.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WBD has been the subject of a number of recent analyst reports. Argus lifted their price target on shares of Warner Bros. Discovery from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Sanford C. Bernstein raised their price objective on shares of Warner Bros. Discovery from $16.00 to $23.50 in a research note on Friday, November 7th. Raymond James Financial boosted their target price on Warner Bros. Discovery from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Rothschild & Co Redburn upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Thursday, October 30th. Finally, Morgan Stanley set a $29.00 price target on Warner Bros. Discovery in a research note on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.08.

Warner Bros. Discovery Stock Down 1.0%

Shares of NASDAQ:WBD opened at $26.76 on Friday. The business’s 50 day moving average is $27.99 and its 200 day moving average is $20.92. The stock has a market cap of $66.31 billion, a P/E ratio of 140.85 and a beta of 1.64. Warner Bros. Discovery, Inc. has a 52-week low of $7.52 and a 52-week high of $30.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.The firm had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. Warner Bros. Discovery’s quarterly revenue was down 6.0% compared to the same quarter last year. Sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insider Activity

In other Warner Bros. Discovery news, CFO Gunnar Wiedenfels sold 242,994 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the transaction, the chief financial officer owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. This trade represents a 20.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lori C. Locke sold 4,122 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $28.92, for a total transaction of $119,208.24. Following the completion of the sale, the chief accounting officer owned 100,962 shares of the company’s stock, valued at approximately $2,919,821.04. This represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 267,116 shares of company stock valued at $7,781,731 over the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

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.