Yousif Capital Management LLC Has $8.59 Million Holdings in Warner Bros. Discovery, Inc. $WBD

Yousif Capital Management LLC cut its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 304,103 shares of the company’s stock after selling 24,501 shares during the quarter. Yousif Capital Management LLC’s holdings in Warner Bros. Discovery were worth $8,588,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Greenleaf Trust raised its stake in shares of Warner Bros. Discovery by 24.6% in the fourth quarter. Greenleaf Trust now owns 27,864 shares of the company’s stock valued at $803,000 after purchasing an additional 5,497 shares in the last quarter. Aaron Wealth Advisors LLC raised its stake in Warner Bros. Discovery by 58.3% during the fourth quarter. Aaron Wealth Advisors LLC now owns 29,133 shares of the company’s stock worth $840,000 after acquiring an additional 10,729 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in Warner Bros. Discovery by 46.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $86,000 after acquiring an additional 941 shares in the last quarter. Sound Income Strategies LLC raised its stake in Warner Bros. Discovery by 22.2% during the fourth quarter. Sound Income Strategies LLC now owns 8,052 shares of the company’s stock worth $230,000 after acquiring an additional 1,462 shares in the last quarter. Finally, Capricorn Fund Managers Ltd bought a new stake in shares of Warner Bros. Discovery during the fourth quarter worth $4,717,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company initiated coverage on Warner Bros. Discovery in a report on Monday, March 9th. They set an “equal weight” rating and a $31.00 target price on the stock. Weiss Ratings upgraded Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Morgan Stanley set a $29.00 price target on Warner Bros. Discovery in a report on Thursday, December 18th. Arete Research reissued a “neutral” rating and issued a $31.25 target price on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Finally, Argus cut their target price on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.30.

Warner Bros. Discovery Stock Up 0.7%

Shares of Warner Bros. Discovery stock opened at $27.55 on Thursday. The business’s 50 day simple moving average is $27.76 and its 200 day simple moving average is $25.48. Warner Bros. Discovery, Inc. has a 52-week low of $7.52 and a 52-week high of $30.00. The firm has a market cap of $68.32 billion, a PE ratio of 95.00 and a beta of 1.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.06.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The firm had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. During the same period in the prior year, the business posted ($0.20) EPS. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Transactions at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 617,580 shares of Warner Bros. Discovery stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $28.25, for a total transaction of $17,446,635.00. Following the completion of the transaction, the chief financial officer directly owned 691,570 shares in the company, valued at approximately $19,536,852.50. The trade was a 47.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bruce Campbell sold 1,580,331 shares of Warner Bros. Discovery stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $28.00, for a total value of $44,249,268.00. Following the transaction, the insider owned 690,028 shares of the company’s stock, valued at $19,320,784. This represents a 69.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 8,206,827 shares of company stock valued at $230,674,025. 1.90% of the stock is owned by insiders.

Warner Bros. Discovery 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.