3,739 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Purchased by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC bought a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,739 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in shares of Warner Bros. Discovery by 17.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 25,534,218 shares of the company’s stock valued at $290,579,000 after buying an additional 3,710,343 shares in the last quarter. Norges Bank acquired a new position in shares of Warner Bros. Discovery during the 4th quarter worth $198,916,000. Boston Partners lifted its position in shares of Warner Bros. Discovery by 9.9% during the 4th quarter. Boston Partners now owns 15,640,771 shares of the company’s stock worth $177,384,000 after buying an additional 1,414,952 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Warner Bros. Discovery by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,672,632 shares of the company’s stock valued at $155,594,000 after buying an additional 575,123 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in Warner Bros. Discovery by 1.5% during the fourth quarter. Artisan Partners Limited Partnership now owns 8,504,716 shares of the company’s stock worth $96,784,000 after acquiring an additional 123,693 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $7.35 on Friday. The stock has a market cap of $18.01 billion, a price-to-earnings ratio of -5.93 and a beta of 1.53. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.94 and a fifty-two week high of $14.76. The firm’s 50-day simple moving average is $7.88 and its 200 day simple moving average is $9.14.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The company had revenue of $9.96 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the previous year, the firm earned $0.18 EPS. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. As a group, research analysts anticipate that Warner Bros. Discovery, Inc. will post -0.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, May 10th. Barclays dropped their target price on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, February 29th. Rosenblatt Securities raised Warner Bros. Discovery from a “sell” rating to a “neutral” rating and lifted their price target for the company from $7.00 to $10.00 in a research note on Thursday, March 21st. Citigroup cut their target price on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Finally, Benchmark reissued a “buy” rating and set a $20.00 target price on shares of Warner Bros. Discovery in a report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Hold” and a consensus price target of $12.82.

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.