IHT Wealth Management LLC Sells 7,198 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

IHT Wealth Management LLC trimmed its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 22.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,133 shares of the company’s stock after selling 7,198 shares during the quarter. IHT Wealth Management LLC’s holdings in Warner Bros. Discovery were worth $266,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Colonial Trust Advisors lifted its holdings in shares of Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock worth $25,000 after buying an additional 996 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Warner Bros. Discovery during the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. lifted its stake in Warner Bros. Discovery by 313.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock worth $27,000 after purchasing an additional 1,940 shares in the last quarter. Graney & King LLC bought a new position in Warner Bros. Discovery in the 4th quarter valued at $28,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Warner Bros. Discovery during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Insider Activity

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now owns 159,932 shares of the company’s stock, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Citigroup lifted their price objective on Warner Bros. Discovery from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Barclays cut their price target on shares of Warner Bros. Discovery from $12.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Finally, Benchmark reiterated a “buy” rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Warner Bros. Discovery has an average rating of “Moderate Buy” and a consensus target price of $12.01.

Warner Bros. Discovery Stock Performance

WBD opened at $8.59 on Monday. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of -1.88, a PEG ratio of 8.64 and a beta of 1.43. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The company has a fifty day moving average of $9.81 and a 200 day moving average of $9.78.

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

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.