Whittier Trust Co. of Nevada Inc. Has $164,000 Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Whittier Trust Co. of Nevada Inc. boosted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,529 shares of the company’s stock after buying an additional 1,789 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Warner Bros. Discovery were worth $164,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WBD. Contrarius Group Holdings Ltd acquired a new position in Warner Bros. Discovery in the fourth quarter worth $168,930,000. State Street Corp boosted its stake in Warner Bros. Discovery by 4.1% in the third quarter. State Street Corp now owns 151,285,963 shares of the company’s stock worth $1,248,109,000 after purchasing an additional 5,898,611 shares in the last quarter. Amundi boosted its stake in Warner Bros. Discovery by 108.1% in the fourth quarter. Amundi now owns 10,151,114 shares of the company’s stock worth $102,120,000 after purchasing an additional 5,272,717 shares in the last quarter. Pine Valley Investments Ltd Liability Co acquired a new position in Warner Bros. Discovery in the fourth quarter worth $23,825,000. Finally, LBP AM SA acquired a new position in Warner Bros. Discovery in the fourth quarter worth $21,032,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Up 0.8 %

Shares of Warner Bros. Discovery stock opened at $10.74 on Monday. 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 of $10.40 and a two-hundred day moving average of $9.59. The company has a market capitalization of $26.36 billion, a P/E ratio of -2.34, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.30). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $10.03 billion during the quarter, compared to the consensus estimate of $10.16 billion. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on WBD. The Goldman Sachs Group boosted their price objective on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $13.00 price target on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Moffett Nathanson raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st. Barrington Research reaffirmed an “outperform” rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. upped their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.91.

Insiders Place Their Bets

In other news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the acquisition, the director now owns 159,932 shares in the company, valued at $1,824,824.12. This represents a 12.17 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

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.