Impact Partnership Wealth LLC Invests $1.25 Million in Warner Bros. Discovery, Inc. $WBD

Impact Partnership Wealth LLC acquired a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 64,192 shares of the company’s stock, valued at approximately $1,254,000.

Several other institutional investors also recently added to or reduced their stakes in WBD. Norges Bank bought a new position in Warner Bros. Discovery in the 2nd quarter worth about $306,848,000. Pacer Advisors Inc. grew its stake in Warner Bros. Discovery by 4,639.8% in the third quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company’s stock worth $445,066,000 after purchasing an additional 22,308,046 shares in the last quarter. Sound Shore Management Inc CT purchased a new position in Warner Bros. Discovery during the 2nd quarter worth $97,951,000. Maverick Capital Ltd. bought a new stake in Warner Bros. Discovery during the 2nd quarter valued at $77,896,000. Finally, Duquesne Family Office LLC purchased a new stake in shares of Warner Bros. Discovery in the 2nd quarter worth $74,916,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Insider Activity at Warner Bros. Discovery

In related news, CAO Lori C. Locke sold 5,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $27.62, for a total value of $138,100.00. Following the completion of the sale, the chief accounting officer directly owned 110,084 shares in the company, valued at $3,040,520.08. This trade represents a 4.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the sale, the chief financial officer directly owned 918,940 shares in the company, valued at approximately $27,108,730. This represents a 20.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 267,116 shares of company stock valued at $7,781,731 over the last ninety days. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Warner Bros. Discovery from $13.00 to $14.75 and gave the company a “buy” rating in a research note on Friday, November 7th. Raymond James Financial boosted their price target on shares of Warner Bros. Discovery from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, November 7th. UBS Group increased their price objective on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday. Arete Research lifted their price objective on shares of Warner Bros. Discovery from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Finally, Seaport Research Partners upped their target price on Warner Bros. Discovery from $15.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.85.

Warner Bros. Discovery Price Performance

NASDAQ WBD opened at $27.60 on Friday. The firm’s fifty day simple moving average is $27.60 and its two-hundred day simple moving average is $20.41. The firm has a market capitalization of $68.39 billion, a P/E ratio of 145.27 and a beta of 1.56. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery, Inc. has a 12-month low of $7.52 and a 12-month high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $9.05 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the business earned $0.05 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

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.