Janney Montgomery Scott LLC Raises Stock Position in Warner Bros. Discovery, Inc. $WBD

Janney Montgomery Scott LLC increased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 48.2% in the 1st quarter, HoldingsChannel reports. The fund owned 77,404 shares of the company’s stock after acquiring an additional 25,171 shares during the period. Janney Montgomery Scott LLC’s holdings in Warner Bros. Discovery were worth $2,126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss RE Ltd. acquired a new stake in Warner Bros. Discovery in the fourth quarter valued at approximately $26,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $29,000. MV Capital Management Inc. purchased a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $30,000. Rakuten Securities Inc. boosted its position in shares of Warner Bros. Discovery by 81.5% in the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock worth $33,000 after purchasing an additional 521 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Analysts Set New Price Targets

WBD has been the topic of several recent analyst reports. Zacks Research raised Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings lowered Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Huber Research upgraded shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Finally, Seaport Research Partners upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Hold” and an average target price of $27.04.

Key Warner Bros. Discovery News

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: Warner Bros. launched an agentic AI-powered advertising product built on AWS, which could help improve ad targeting, strengthen its ad-tech capabilities, and create a new growth avenue for the company. Warner Bros launches agentic AI-powered advertising built on AWS
• Positive Sentiment: HBO Max received 122 Emmy nominations, reinforcing the strength of Warner Bros. Discovery’s content slate and supporting the case for subscriber and advertising momentum. Warner Bros.’ HBO Max nabs 122 Emmy nominations
• Neutral Sentiment: Warner Bros. Discovery’s AEW partnership with Twitch for “Dynamite Beach Break” adds another distribution and promotional tie-up, but the stock impact is likely limited unless it drives measurable audience growth or revenue. AEW & WBD Partnering With Twitch For Dynamite Beach Break Livestreams
• Negative Sentiment: Reports that U.S. states may sue to block Paramount’s acquisition of Warner Bros. Discovery have increased uncertainty around the pending deal, which can weigh on the stock as investors reassess the odds and timing of a takeover. US states could sue next week to block Paramount-Warner Bros deal, sources say
• Negative Sentiment: Paramount delaying closure of the deal amid an Oregon probe suggests regulatory hurdles are still unresolved, adding to near-term uncertainty for WBD shareholders. Paramount delays Warner Bros deal closure amid Oregon probe
• Negative Sentiment: Unusual options activity skewed heavily toward puts, signaling that some traders are positioning for downside in WBD shares amid the growing deal and regulatory risk. WBD, AEW And Twitch Announce Creator Collaboration For AEW Dynamite Beach Break

Warner Bros. Discovery Price Performance

Shares of WBD opened at $26.15 on Thursday. The company has a market capitalization of $65.56 billion, a P/E ratio of -37.36 and a beta of 1.54. Warner Bros. Discovery, Inc. has a fifty-two week low of $10.76 and a fifty-two week high of $30.00. The business’s 50-day moving average is $26.86 and its two-hundred day moving average is $27.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The company had revenue of $8.89 billion for the quarter, compared to analysts’ expectations of $8.89 billion. Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.18) earnings per share. Research analysts predict that Warner Bros. Discovery, Inc. will post -1.07 earnings per share for the current year.

Warner Bros. Discovery Company 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.