Ensign Peak Advisors Inc Has $10.08 Million Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Ensign Peak Advisors Inc increased its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 14.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 953,481 shares of the company’s stock after purchasing an additional 123,763 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Warner Bros. Discovery were worth $10,078,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Colonial Trust Advisors grew its stake in shares of Warner Bros. Discovery by 71.8% in the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock valued at $25,000 after buying an additional 996 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Warner Bros. Discovery in the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. increased its holdings in shares of Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock valued at $27,000 after acquiring an additional 1,940 shares in the last quarter. Graney & King LLC acquired a new position in shares of Warner Bros. Discovery during the fourth quarter worth approximately $28,000. Finally, Ethos Financial Group LLC bought a new position in shares of Warner Bros. Discovery in the 4th quarter worth $29,000. 59.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WBD shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Barrington Research reiterated an “outperform” rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research note on Wednesday, March 5th. KeyCorp lowered their price objective on Warner Bros. Discovery from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Rosenblatt Securities reissued a “neutral” rating and issued a $13.00 price target on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Finally, Benchmark reaffirmed a “buy” rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.22.

Insider Buying and Selling

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $11.41 per share, with a total value of $197,917.86. Following the acquisition, the director now directly owns 159,932 shares in the company, valued at approximately $1,824,824.12. This trade represents a 12.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

Warner Bros. Discovery Trading Up 1.8%

Shares of Warner Bros. Discovery stock opened at $9.23 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $22.66 billion, a P/E ratio of -2.02, a P/E/G ratio of 8.64 and a beta of 1.46. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The stock’s 50-day simple moving average is $9.30 and its 200 day simple moving average is $9.87.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $9.66 billion. During the same quarter in the prior year, the firm posted ($0.40) earnings per share. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. As a group, research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Warner Bros. Discovery 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.