Warner Bros. Discovery, Inc. $WBD Stock Position Increased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 244.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 211,115 shares of the company’s stock after purchasing an additional 149,876 shares during the quarter. Sanctuary Advisors LLC’s holdings in Warner Bros. Discovery were worth $6,084,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Warner Bros. Discovery by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 283,180,433 shares of the company’s stock valued at $8,161,260,000 after buying an additional 1,966,278 shares during the period. Resonant Capital Advisors LLC acquired a new position in Warner Bros. Discovery during the 4th quarter valued at about $215,000. Concurrent Investment Advisors LLC increased its stake in Warner Bros. Discovery by 521.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 132,833 shares of the company’s stock valued at $3,828,000 after buying an additional 111,442 shares during the period. Calamos Advisors LLC acquired a new position in Warner Bros. Discovery during the 4th quarter valued at about $3,613,000. Finally, ProVise Management Group LLC acquired a new position in Warner Bros. Discovery during the 4th quarter valued at about $205,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on WBD shares. TD Cowen raised their target price on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, February 27th. Benchmark reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Argus lowered their target price on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Rothschild & Co Redburn set a $31.00 target price on shares of Warner Bros. Discovery and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Finally, Arete Research reissued a “neutral” rating and set a $31.25 target price on shares of Warner Bros. Discovery in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Warner Bros. Discovery presently has an average rating of “Hold” and an average price target of $26.30.

Warner Bros. Discovery Stock Up 0.4%

NASDAQ WBD opened at $27.05 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50 day simple moving average is $27.62 and its 200 day simple moving average is $26.34. Warner Bros. Discovery, Inc. has a 12 month low of $8.06 and a 12 month high of $30.00. The company has a market capitalization of $67.08 billion, a P/E ratio of 93.28 and a beta of 1.63.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The business had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts expect that Warner Bros. Discovery, Inc. will post -0.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Gunnar Wiedenfels sold 374,323 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.05, for a total value of $10,499,760.15. Following the sale, the chief financial officer directly owned 663,380 shares in the company, valued at $18,607,809. The trade was a 36.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul A. Gould sold 600,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the completion of the transaction, the director directly owned 244,357 shares in the company, valued at approximately $6,683,163.95. This trade represents a 71.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 8,206,827 shares of company stock worth $230,674,025. Company insiders own 1.80% of the company’s stock.

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.