Guardian Investment Management Has $496,000 Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Guardian Investment Management boosted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 14.2% in the 4th quarter, HoldingsChannel reports. The firm owned 43,580 shares of the company’s stock after acquiring an additional 5,434 shares during the period. Guardian Investment Management’s holdings in Warner Bros. Discovery were worth $496,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in Warner Bros. Discovery by 2.2% in the 1st quarter. State Street Corp now owns 109,844,866 shares of the company’s stock valued at $1,658,653,000 after acquiring an additional 2,403,255 shares during the period. Geode Capital Management LLC raised its holdings in Warner Bros. Discovery by 1.3% in the 1st quarter. Geode Capital Management LLC now owns 48,394,472 shares of the company’s stock valued at $729,158,000 after acquiring an additional 620,993 shares during the period. Invesco Ltd. raised its holdings in Warner Bros. Discovery by 16.6% in the 3rd quarter. Invesco Ltd. now owns 28,184,613 shares of the company’s stock valued at $306,085,000 after acquiring an additional 4,016,888 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in Warner Bros. Discovery by 124,559.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 28,075,738 shares of the company’s stock valued at $266,158,000 after acquiring an additional 28,053,216 shares during the period. Finally, Sessa Capital IM L.P. increased its holdings in shares of Warner Bros. Discovery by 5.4% during the fourth quarter. Sessa Capital IM L.P. now owns 23,450,633 shares of the company’s stock worth $222,312,000 after purchasing an additional 1,195,666 shares during the period. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WBD has been the topic of several recent research reports. Macquarie lowered their target price on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, January 22nd. Barrington Research lowered their target price on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. JPMorgan Chase & Co. lowered their target price on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 26th. Rosenblatt Securities raised shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and raised their target price for the stock from $7.00 to $10.00 in a report on Thursday, March 21st. Finally, Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of Warner Bros. Discovery in a report on Monday, March 4th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.24.

Warner Bros. Discovery Stock Performance

Shares of WBD traded up $0.10 during mid-day trading on Thursday, hitting $8.33. 14,544,033 shares of the company traded hands, compared to its average volume of 26,628,967. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50-day moving average price of $8.82 and a two-hundred day moving average price of $10.07. Warner Bros. Discovery, Inc. has a 1 year low of $8.02 and a 1 year high of $14.76. The stock has a market cap of $20.32 billion, a price-to-earnings ratio of -6.43 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.34 billion. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. Equities analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current year.

Warner Bros. Discovery Company 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.