Blair William & Co. IL Has $604,000 Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Blair William & Co. IL trimmed its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,177 shares of the company’s stock after selling 2,487 shares during the quarter. Blair William & Co. IL’s holdings in Warner Bros. Discovery were worth $604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in WBD. Retirement Systems of Alabama grew its position in Warner Bros. Discovery by 781.3% in the second quarter. Retirement Systems of Alabama now owns 4,316,498 shares of the company’s stock worth $32,115,000 after acquiring an additional 3,826,715 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Warner Bros. Discovery by 17.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 25,534,218 shares of the company’s stock worth $290,579,000 after purchasing an additional 3,710,343 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings in Warner Bros. Discovery by 14.6% in the first quarter. EdgePoint Investment Group Inc. now owns 20,620,335 shares of the company’s stock worth $180,016,000 after purchasing an additional 2,621,582 shares in the last quarter. Drexel Morgan & Co. raised its holdings in Warner Bros. Discovery by 97.6% during the first quarter. Drexel Morgan & Co. now owns 4,600,463 shares of the company’s stock valued at $40,162,000 after buying an additional 2,272,245 shares in the last quarter. Finally, Coronation Fund Managers Ltd. lifted its position in shares of Warner Bros. Discovery by 31.6% in the second quarter. Coronation Fund Managers Ltd. now owns 6,448,459 shares of the company’s stock worth $47,977,000 after buying an additional 1,546,953 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Down 1.6 %

WBD opened at $8.19 on Thursday. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a market capitalization of $20.07 billion, a P/E ratio of -6.60 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s fifty day moving average price is $7.88 and its two-hundred day moving average price is $7.97.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($3.89). Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The business had revenue of $9.71 billion for the quarter, compared to analyst estimates of $10.07 billion. During the same quarter last year, the firm posted ($0.51) earnings per share. Warner Bros. Discovery’s revenue was down 6.2% on a year-over-year basis. On average, analysts anticipate that Warner Bros. Discovery, Inc. will post -4.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Rosenblatt Securities reissued a “neutral” rating and set a $9.00 price objective on shares of Warner Bros. Discovery in a report on Friday, September 13th. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research report on Thursday, August 8th. Barrington Research reaffirmed an “outperform” rating and set a $12.00 price objective on shares of Warner Bros. Discovery in a report on Tuesday, July 23rd. Morgan Stanley dropped their target price on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, July 29th. Finally, TD Cowen decreased their price target on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.93.

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.