Yacktman Asset Management LP Has $80.82 Million Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Yacktman Asset Management LP lowered its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,645,678 shares of the company's stock after selling 35,087 shares during the quarter. Yacktman Asset Management LP owned about 0.31% of Warner Bros. Discovery worth $80,815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Golden State Equity Partners lifted its holdings in shares of Warner Bros. Discovery by 6.5% in the fourth quarter. Golden State Equity Partners now owns 16,124 shares of the company's stock valued at $170,000 after buying an additional 986 shares during the period. Cornerstone Wealth Management LLC raised its position in Warner Bros. Discovery by 7.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock worth $169,000 after acquiring an additional 1,101 shares in the last quarter. Commerce Bank lifted its holdings in Warner Bros. Discovery by 2.4% in the 3rd quarter. Commerce Bank now owns 55,963 shares of the company's stock valued at $462,000 after acquiring an additional 1,286 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Warner Bros. Discovery by 0.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 183,462 shares of the company's stock worth $1,939,000 after purchasing an additional 1,387 shares during the last quarter. Finally, GAM Holding AG raised its holdings in shares of Warner Bros. Discovery by 0.3% in the 3rd quarter. GAM Holding AG now owns 457,685 shares of the company's stock worth $3,776,000 after purchasing an additional 1,437 shares in the last quarter. Institutional investors own 59.95% of the company's stock.

Insider Activity at Warner Bros. Discovery

In related news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery stock in a transaction on Friday, December 13th. The shares were 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 owns 599,317 shares of the company's stock, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Moffett Nathanson raised Warner Bros. Discovery from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $9.00 to $13.00 in a research note on Tuesday, January 21st. Guggenheim boosted their target price on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, December 12th. The Goldman Sachs Group increased their price target on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Finally, Raymond James boosted their price objective on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $11.76.

Warner Bros. Discovery Stock Up 1.0 %

NASDAQ WBD traded up $0.10 on Friday, reaching $10.31. The stock had a trading volume of 12,816,941 shares, compared to its average volume of 25,400,092. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. The business has a 50 day moving average price of $10.41 and a 200 day moving average price of $9.02. The company has a market capitalization of $25.28 billion, a price-to-earnings ratio of -2.25, a P/E/G ratio of 7.98 and a beta of 1.49.

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.