Yeomans Consulting Group Inc. Takes $367,000 Position in Warner Bros. Discovery, Inc. $WBD

Yeomans Consulting Group Inc. purchased a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 18,966 shares of the company’s stock, valued at approximately $367,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WBD. Grove Bank & Trust increased its stake in Warner Bros. Discovery by 66.5% in the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after buying an additional 675 shares during the period. Cranbrook Wealth Management LLC boosted its holdings in shares of Warner Bros. Discovery by 73.8% in the third quarter. Cranbrook Wealth Management LLC now owns 1,929 shares of the company’s stock valued at $38,000 after acquiring an additional 819 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Warner Bros. Discovery during the first quarter worth about $26,000. Financial Gravity Companies Inc. acquired a new position in shares of Warner Bros. Discovery during the second quarter worth about $29,000. Finally, Trifecta Capital Advisors LLC purchased a new position in Warner Bros. Discovery during the second quarter worth about $34,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Warner Bros. Discovery news, CFO Gunnar Wiedenfels sold 242,994 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the completion of the transaction, the chief financial officer owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. This trade represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Lori C. Locke sold 5,000 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $27.62, for a total value of $138,100.00. Following the completion of the transaction, the chief accounting officer directly owned 110,084 shares of the company’s stock, valued at approximately $3,040,520.08. This trade represents a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 489,326 shares of company stock valued at $12,781,456. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Cowen lifted their price objective on Warner Bros. Discovery from $14.00 to $22.00 in a report on Friday, November 7th. Argus set a $28.00 price target on Warner Bros. Discovery in a report on Monday, December 8th. Raymond James Financial lifted their price target on Warner Bros. Discovery from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Rothschild Redb raised Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Finally, Singular Research upgraded Warner Bros. Discovery to a “moderate buy” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Moderate Buy” and a consensus target price of $23.22.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $29.27 on Friday. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $30.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.90. The firm’s 50-day simple moving average is $24.26 and its 200 day simple moving average is $17.35. The firm has a market capitalization of $72.52 billion, a PE ratio of 154.03 and a beta of 1.60.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. The business’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. On average, equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.