U.S. Capital Wealth Advisors LLC Sells 74,459 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

U.S. Capital Wealth Advisors LLC cut its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 50.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,699 shares of the company’s stock after selling 74,459 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Warner Bros. Discovery were worth $816,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WBD. Fortis Group Advisors LLC acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at approximately $25,000. Pacifica Partners Inc. raised its holdings in Warner Bros. Discovery by 118.2% in the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock worth $27,000 after purchasing an additional 1,345 shares during the period. Peoples Bank KS bought a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at $27,000. Milestone Investment Advisors LLC acquired a new stake in Warner Bros. Discovery during the 3rd quarter worth $28,000. Finally, Headinvest LLC bought a new position in Warner Bros. Discovery during the third quarter worth about $28,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WBD. Wolfe Research downgraded Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price target for the company. in a report on Tuesday, April 23rd. Macquarie dropped their price objective on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, January 22nd. Benchmark reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Warner Bros. Discovery in a research report on Monday, March 4th. Citigroup reduced their price objective on Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, Redburn Atlantic lowered Warner Bros. Discovery from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.83.

Warner Bros. Discovery Stock Performance

WBD stock opened at $7.96 on Tuesday. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $14.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. The business’s fifty day moving average price is $8.44 and its two-hundred day moving average price is $9.85.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. Warner Bros. Discovery’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 earnings per share. As a group, analysts anticipate that Warner Bros. Discovery, Inc. will post -0.35 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.