Daymark Wealth Partners LLC Has $257,000 Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Daymark Wealth Partners LLC reduced its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,267 shares of the company’s stock after selling 4,937 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Warner Bros. Discovery were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WBD. American Century Companies Inc. grew its holdings in shares of Warner Bros. Discovery by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 454,013 shares of the company’s stock worth $3,378,000 after purchasing an additional 18,888 shares in the last quarter. XTX Topco Ltd acquired a new stake in Warner Bros. Discovery during the second quarter worth $351,000. AE Wealth Management LLC increased its holdings in Warner Bros. Discovery by 10.9% in the 2nd quarter. AE Wealth Management LLC now owns 36,968 shares of the company’s stock valued at $275,000 after buying an additional 3,642 shares during the period. Sei Investments Co. raised its stake in shares of Warner Bros. Discovery by 11.6% in the 2nd quarter. Sei Investments Co. now owns 582,071 shares of the company’s stock valued at $4,330,000 after buying an additional 60,458 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of Warner Bros. Discovery by 58.2% during the 2nd quarter. Ensign Peak Advisors Inc now owns 456,868 shares of the company’s stock worth $3,399,000 after acquiring an additional 168,050 shares during the period. 59.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WBD has been the subject of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. Raymond James increased their price objective on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Macquarie increased their target price on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Guggenheim boosted their price target on shares of 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, The Goldman Sachs Group raised their price objective on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a report on Thursday, December 19th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.76.

Insiders Place Their Bets

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the sale, the insider now directly owns 599,317 shares in the company, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Warner Bros. Discovery Price Performance

Shares of WBD stock opened at $10.25 on Friday. The firm’s 50 day moving average price is $10.42 and its two-hundred day moving average price is $8.81. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The stock has a market cap of $25.14 billion, a PE ratio of -2.24, a PEG ratio of 6.12 and a beta of 1.50.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating 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 business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.79 billion. During the same period last year, the company posted ($0.17) EPS. Warner Bros. Discovery’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Warner Bros. Discovery 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.