Warner Bros. Discovery, Inc. (NASDAQ:WBD) is Thompson Investment Management Inc.'s 4th Largest Position

Thompson Investment Management Inc. lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,407,438 shares of the company's stock after selling 34,636 shares during the quarter. Warner Bros. Discovery comprises 2.1% of Thompson Investment Management Inc.'s investment portfolio, making the stock its 4th biggest holding. Thompson Investment Management Inc. owned about 0.06% of Warner Bros. Discovery worth $14,877,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WBD. AMF Tjanstepension AB acquired a new position in shares of Warner Bros. Discovery during the 3rd quarter worth approximately $1,031,000. Czech National Bank grew its holdings in shares of Warner Bros. Discovery by 7.0% during the 3rd quarter. Czech National Bank now owns 454,526 shares of the company's stock worth $3,750,000 after purchasing an additional 29,620 shares during the period. Diversified Trust Co acquired a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at $96,000. Mather Group LLC. lifted its position in Warner Bros. Discovery by 102.8% during the 3rd quarter. Mather Group LLC. now owns 31,292 shares of the company's stock worth $258,000 after acquiring an additional 15,859 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its holdings in Warner Bros. Discovery by 13.1% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 13,476 shares of the company's stock valued at $111,000 after purchasing an additional 1,565 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company's stock.

Insider Buying and Selling

In related news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Warner Bros. Discovery Stock Performance

Shares of WBD stock traded down $0.03 on Wednesday, reaching $9.82. The stock had a trading volume of 17,494,624 shares, compared to its average volume of 25,766,928. The company has a 50 day simple moving average of $10.41 and a 200 day simple moving average of $9.02. The stock has a market cap of $24.09 billion, a P/E ratio of -2.14, a price-to-earnings-growth ratio of 7.98 and a beta of 1.49. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WBD shares. Barrington Research reaffirmed an "outperform" rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a research report on Friday, December 13th. Wolfe Research raised Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Guggenheim upped their price target on Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a research report on Thursday, December 12th. Finally, Moffett Nathanson upgraded shares of Warner Bros. Discovery from a "neutral" rating to a "buy" rating and upped their price target for the stock from $9.00 to $13.00 in a research report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery presently has an average rating of "Moderate Buy" and a consensus price target of $11.76.

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 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.