Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,872 shares of the company’s stock after buying an additional 1,511 shares during the quarter. Perigon Wealth Management LLC’s holdings in Warner Bros. Discovery were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Aspire Private Capital LLC grew its stake in shares of Warner Bros. Discovery by 33.2% in the fourth quarter. Aspire Private Capital LLC now owns 2,823 shares of the company’s stock valued at $26,762,040,000 after buying an additional 704 shares in the last quarter. Park Place Capital Corp grew its stake in Warner Bros. Discovery by 33.4% during the 3rd quarter. Park Place Capital Corp now owns 3,677 shares of the company’s stock worth $40,000 after purchasing an additional 921 shares in the last quarter. Forum Financial Management LP grew its stake in Warner Bros. Discovery by 2.3% during the 3rd quarter. Forum Financial Management LP now owns 42,179 shares of the company’s stock worth $458,000 after purchasing an additional 948 shares in the last quarter. Bridgeworth LLC grew its stake in Warner Bros. Discovery by 7.4% during the 4th quarter. Bridgeworth LLC now owns 13,845 shares of the company’s stock worth $158,000 after purchasing an additional 952 shares in the last quarter. Finally, Czech National Bank grew its stake in Warner Bros. Discovery by 0.3% during the 4th quarter. Czech National Bank now owns 388,660 shares of the company’s stock worth $4,423,000 after purchasing an additional 996 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Up 0.2 %

Shares of NASDAQ WBD opened at $8.36 on Tuesday. Warner Bros. Discovery, Inc. has a 52-week low of $8.02 and a 52-week high of $14.76. The business has a 50-day moving average price of $8.89 and a 200 day moving average price of $10.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90. The stock has a market cap of $20.40 billion, a PE ratio of -6.53 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The company had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WBD. Rosenblatt Securities raised Warner Bros. Discovery from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $7.00 to $10.00 in a research note on Thursday, March 21st. Morgan Stanley decreased their price target on Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Wells Fargo & Company cut Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $16.00 to $12.00 in a research report on Monday, January 29th. Redburn Atlantic cut Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research report on Thursday, January 11th. Finally, Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Warner Bros. Discovery presently has an average rating of “Moderate Buy” and an average target price of $14.24.

About Warner Bros. Discovery

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.