Guardian Investment Management Sells 1,917 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Guardian Investment Management lessened its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 84,914 shares of the company’s stock after selling 1,917 shares during the period. Guardian Investment Management’s holdings in Warner Bros. Discovery were worth $898,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WBD. HB Wealth Management LLC grew its stake in shares of Warner Bros. Discovery by 5.3% during the fourth quarter. HB Wealth Management LLC now owns 240,550 shares of the company’s stock worth $2,543,000 after purchasing an additional 12,154 shares during the period. Integrated Investment Consultants LLC boosted its holdings in Warner Bros. Discovery by 26.9% during the fourth quarter. Integrated Investment Consultants LLC now owns 53,964 shares of the company’s stock worth $552,000 after buying an additional 11,426 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Warner Bros. Discovery during the 4th quarter worth about $1,671,000. Tompkins Financial Corp increased its stake in shares of Warner Bros. Discovery by 50.8% in the 4th quarter. Tompkins Financial Corp now owns 5,285 shares of the company’s stock valued at $56,000 after acquiring an additional 1,780 shares during the last quarter. Finally, Empirical Asset Management LLC acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $939,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Up 0.5 %

Shares of Warner Bros. Discovery stock opened at $9.52 on Monday. The stock has a market cap of $23.35 billion, a P/E ratio of -2.08, a P/E/G ratio of 9.12 and a beta of 1.50. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The business’s 50 day moving average is $10.37 and its 200-day moving average is $8.74.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. During the same period in the prior year, the firm posted ($0.17) earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Macquarie boosted their price objective on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. Barrington Research reiterated an “outperform” rating and set a $16.00 target price on shares of Warner Bros. Discovery in a report on Friday, December 13th. Rosenblatt Securities increased their price target on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Guggenheim lifted their price objective on Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.56.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the completion of the transaction, the insider now directly owns 599,317 shares of the company’s stock, valued at $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Warner Bros. Discovery Company 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.