Warner Bros. Discovery, Inc. $WBD Shares Sold by Poehling Capital Management INC.

Poehling Capital Management INC. reduced its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 93.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 31,146 shares of the company’s stock after selling 452,702 shares during the period. Poehling Capital Management INC.’s holdings in Warner Bros. Discovery were worth $855,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Warner Bros. Discovery during the 4th quarter valued at about $1,123,807,000. Jericho Capital Asset Management L.P. increased its stake in Warner Bros. Discovery by 108.9% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock worth $685,413,000 after buying an additional 18,291,865 shares during the period. Duquesne Family Office LLC acquired a new position in shares of Warner Bros. Discovery in the second quarter worth $74,916,000. Amundi increased its position in shares of Warner Bros. Discovery by 59.6% during the third quarter. Amundi now owns 15,523,538 shares of the company’s stock worth $296,189,000 after acquiring an additional 5,798,592 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Warner Bros. Discovery in the third quarter valued at $100,135,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Zacks Research upgraded Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Weiss Ratings lowered Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Wells Fargo & Company started coverage on shares of Warner Bros. Discovery in a research note on Monday, March 9th. They issued an “equal weight” rating and a $31.00 price objective on the stock. TD Cowen upped their target price on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a report on Friday, February 27th. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.04.

Key Headlines Impacting Warner Bros. Discovery

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: Shares rose on reports that EU regulators may be willing to approve a Paramount deal involving Warner Bros. Discovery, raising hopes that a merger could unlock value for WBD shareholders. Article Title
• Positive Sentiment: Warner Bros. Discovery’s DC strategy remains in focus after Warner Bros. Animation announced three new DC TV series, reinforcing the company’s ability to keep building its superhero content pipeline. Article Title
• Positive Sentiment: The company also teamed with AWS around the “Supergirl” release, extending DC’s reach and adding another marketing/engagement channel for the franchise. Article Title
• Neutral Sentiment: Coverage on Warner Bros. Discovery’s lifestyle merchandising strategy questioned whether it deepens the DC brand or risks diluting focus; this looks more like a strategic debate than a near-term financial catalyst. Article Title
• Neutral Sentiment: Forbes reported that Warner Bros. is likely to keep its existing PVOD release strategy for DC’s “Supergirl,” suggesting continuity rather than a major change to the film monetization approach. Article Title

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $26.74 on Friday. The company’s fifty day moving average is $26.98 and its two-hundred day moving average is $27.70. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $67.04 billion, a P/E ratio of -38.20 and a beta of 1.54. Warner Bros. Discovery, Inc. has a one year low of $10.76 and a one year high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $8.89 billion for the quarter, compared to analysts’ expectations of $8.89 billion. During the same period in the prior year, the firm posted ($0.18) EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts forecast that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current fiscal year.

About Warner Bros. Discovery

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.