Warner Bros. Discovery, Inc. $WBD is Credit Capital Investments LLC’s 4th Largest Position

Credit Capital Investments LLC increased its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 504,713 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Warner Bros. Discovery accounts for 8.1% of Credit Capital Investments LLC’s portfolio, making the stock its 4th largest holding. Credit Capital Investments LLC’s holdings in Warner Bros. Discovery were worth $5,784,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Warner Bros. Discovery by 1.7% in the first quarter. Vanguard Group Inc. now owns 256,820,031 shares of the company’s stock valued at $2,755,679,000 after acquiring an additional 4,169,240 shares in the last quarter. Geode Capital Management LLC raised its stake in Warner Bros. Discovery by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 60,091,463 shares of the company’s stock valued at $685,798,000 after purchasing an additional 551,548 shares during the period. Invesco Ltd. lifted its holdings in Warner Bros. Discovery by 2.1% in the 1st quarter. Invesco Ltd. now owns 43,341,297 shares of the company’s stock worth $465,052,000 after purchasing an additional 873,869 shares in the last quarter. Sessa Capital IM L.P. boosted its stake in Warner Bros. Discovery by 4.0% in the 1st quarter. Sessa Capital IM L.P. now owns 29,555,277 shares of the company’s stock worth $317,128,000 after purchasing an additional 1,144,849 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Warner Bros. Discovery by 4.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 24,672,364 shares of the company’s stock valued at $264,734,000 after buying an additional 1,063,535 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

Insider Buying and Selling at Warner Bros. Discovery

In related news, CFO Gunnar Wiedenfels sold 222,210 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $22.50, for a total value of $4,999,725.00. Following the completion of the sale, the chief financial officer directly owned 918,940 shares in the company, valued at $20,676,150. This trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce Campbell sold 150,000 shares of Warner Bros. Discovery stock in a transaction on Friday, September 12th. The stock was sold at an average price of $18.00, for a total transaction of $2,700,000.00. Following the transaction, the insider directly owned 252,464 shares of the company’s stock, valued at $4,544,352. The trade was a 37.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,192,325 shares of company stock worth $22,818,215 in the last 90 days. 1.90% of the stock is currently owned by insiders.

Warner Bros. Discovery Stock Down 3.7%

Shares of NASDAQ WBD opened at $22.19 on Thursday. The stock has a market capitalization of $54.94 billion, a price-to-earnings ratio of 73.97, a P/E/G ratio of 2.56 and a beta of 1.73. Warner Bros. Discovery, Inc. has a 12-month low of $7.52 and a 12-month high of $23.19. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. The firm’s 50-day moving average price is $19.10 and its 200-day moving average price is $13.76.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The company had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Warner Bros. Discovery had a net margin of 2.00% and a return on equity of 2.14%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share. On average, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WBD has been the subject of a number of research reports. Benchmark upped their target price on shares of Warner Bros. Discovery from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. UBS Group increased their price objective on shares of Warner Bros. Discovery from $10.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 6th. KeyCorp restated a “sector weight” rating on shares of Warner Bros. Discovery in a research report on Friday, September 26th. Cowen downgraded Warner Bros. Discovery from a “buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Sanford C. Bernstein boosted their target price on Warner Bros. Discovery from $16.00 to $23.50 in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.78.

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.