Warner Bros. Discovery, Inc. (NASDAQ:WBD) Stock Holdings Lowered by Stifel Financial Corp

Stifel Financial Corp lowered its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 449,680 shares of the company's stock after selling 65,669 shares during the quarter. Stifel Financial Corp's holdings in Warner Bros. Discovery were worth $3,710,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in WBD. Sessa Capital IM L.P. lifted its stake in Warner Bros. Discovery by 24.7% in the 3rd quarter. Sessa Capital IM L.P. now owns 28,410,428 shares of the company's stock valued at $234,386,000 after buying an additional 5,625,545 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Warner Bros. Discovery by 1.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 20,889,437 shares of the company's stock valued at $172,338,000 after acquiring an additional 329,620 shares in the last quarter. EdgePoint Investment Group Inc. boosted its stake in shares of Warner Bros. Discovery by 1.1% during the second quarter. EdgePoint Investment Group Inc. now owns 20,855,527 shares of the company's stock valued at $155,165,000 after acquiring an additional 235,192 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Warner Bros. Discovery by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,685,506 shares of the company's stock worth $129,405,000 after purchasing an additional 687,612 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Warner Bros. Discovery by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,192,814 shares of the company's stock valued at $105,595,000 after purchasing an additional 719,869 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WBD. The Goldman Sachs Group lifted their price objective on Warner Bros. Discovery from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Monday, October 7th. Benchmark reaffirmed a "buy" rating and set a $18.00 price target on shares of Warner Bros. Discovery in a research report on Friday, September 13th. Raymond James raised their target price on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Wolfe Research upgraded shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. Finally, Macquarie increased their price target on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $11.33.

Warner Bros. Discovery Stock Down 2.2 %

NASDAQ WBD traded down $0.25 on Tuesday, hitting $11.35. 33,240,382 shares of the stock traded hands, compared to its average volume of 29,658,643. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average of $9.19 and a 200 day moving average of $8.27. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a market capitalization of $27.84 billion, a P/E ratio of -2.49 and a beta of 1.52.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $9.79 billion. During the same period in the prior year, the company earned ($0.17) earnings per share. The firm's revenue was down 3.6% compared to the same quarter last year. As a group, analysts expect that Warner Bros. Discovery, Inc. will post -4.37 earnings per share for the current fiscal year.

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.