Shelton Capital Management Buys 8,443 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Shelton Capital Management boosted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,933 shares of the company’s stock after acquiring an additional 8,443 shares during the period. Shelton Capital Management’s holdings in Warner Bros. Discovery were worth $3,097,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WBD. Manchester Capital Management LLC increased its stake in Warner Bros. Discovery by 274.6% during the 1st quarter. Manchester Capital Management LLC now owns 1,817 shares of the company’s stock worth $27,000 after acquiring an additional 1,332 shares during the period. Hanson & Doremus Investment Management increased its stake in shares of Warner Bros. Discovery by 2,218.0% in the 2nd quarter. Hanson & Doremus Investment Management now owns 2,318 shares of the company’s stock valued at $29,000 after purchasing an additional 2,218 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Warner Bros. Discovery by 156.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,324 shares of the company’s stock valued at $29,000 after purchasing an additional 1,419 shares during the last quarter. KB Financial Partners LLC bought a new position in shares of Warner Bros. Discovery in the 1st quarter valued at $32,000. Finally, FNY Investment Advisers LLC increased its stake in shares of Warner Bros. Discovery by 1,036.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 2,727 shares of the company’s stock valued at $34,000 after purchasing an additional 2,487 shares during the last quarter. Institutional investors own 58.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Guggenheim decreased their price target on Warner Bros. Discovery from $18.00 to $15.00 in a research note on Wednesday, October 4th. Raymond James decreased their price target on Warner Bros. Discovery from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Sanford C. Bernstein began coverage on Warner Bros. Discovery in a report on Thursday, October 5th. They set an “outperform” rating and a $19.00 price objective on the stock. Benchmark cut their price objective on Warner Bros. Discovery from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Finally, Evercore ISI cut their price objective on Warner Bros. Discovery from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.73.

Warner Bros. Discovery Stock Up 3.8 %

Shares of WBD opened at $10.71 on Friday. The company has a market capitalization of $26.10 billion, a PE ratio of -5.41 and a beta of 1.61. Warner Bros. Discovery, Inc. has a 12 month low of $8.82 and a 12 month high of $16.34. The stock’s 50-day moving average price is $10.66 and its two-hundred day moving average price is $11.95. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.95.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.16). The business had revenue of $9.98 billion during the quarter, compared to analyst estimates of $9.97 billion. Warner Bros. Discovery had a negative net margin of 11.48% and a negative return on equity of 0.47%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. On average, analysts anticipate that Warner Bros. Discovery, Inc. will post -1.18 EPS 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 third parties and networks 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.