Warner Bros. Discovery, Inc. $WBD Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 7.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 304,103 shares of the company’s stock after selling 24,501 shares during the period. Yousif Capital Management LLC’s holdings in Warner Bros. Discovery were worth $8,588,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WBD. TOWER TRUST & INVESTMENT Co raised its stake in shares of Warner Bros. Discovery by 4,730.8% during the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock valued at $36,000 after purchasing an additional 1,230 shares during the period. Concord Wealth Partners increased its stake in shares of Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after buying an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. increased its stake in shares of Warner Bros. Discovery by 152.1% in the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after buying an additional 847 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Warner Bros. Discovery by 66.5% in the third quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock worth $33,000 after buying an additional 675 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of Warner Bros. Discovery in the third quarter worth $33,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Insiders Place Their Bets

In other Warner Bros. Discovery news, insider Bruce Campbell sold 41,784 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $27.82, for a total transaction of $1,162,430.88. Following the completion of the sale, the insider owned 604,666 shares of the company’s stock, valued at $16,821,808.12. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gunnar Wiedenfels sold 374,323 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was 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 of the company’s stock, valued at $18,607,809. The trade was a 36.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,206,827 shares of company stock worth $230,674,025 in the last quarter. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on WBD. Guggenheim downgraded shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $25.00 to $30.00 in a report on Wednesday, January 14th. Moffett Nathanson raised shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Weiss Ratings raised shares of Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Benchmark reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. Finally, Arete Research reiterated a “neutral” rating and issued a $31.25 price target on shares of Warner Bros. Discovery in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Warner Bros. Discovery presently has an average rating of “Hold” and an average price target of $26.30.

Warner Bros. Discovery Trading Up 0.7%

NASDAQ:WBD opened at $27.55 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. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $30.00. The stock’s 50-day moving average is $27.76 and its two-hundred day moving average is $25.48. The stock has a market cap of $68.32 billion, a PE ratio of 95.00 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) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.19). The business had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.20) EPS. As a group, equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

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.