Deseret Mutual Benefit Administrators Has $73,000 Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Deseret Mutual Benefit Administrators increased its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 23.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,859 shares of the company’s stock after purchasing an additional 1,682 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Warner Bros. Discovery were worth $73,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WBD. Mutual of America Capital Management LLC lifted its position in Warner Bros. Discovery by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 459,678 shares of the company’s stock worth $4,013,000 after buying an additional 5,063 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Warner Bros. Discovery in the 1st quarter worth approximately $979,000. Texas Permanent School Fund Corp lifted its position in Warner Bros. Discovery by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 458,382 shares of the company’s stock worth $4,002,000 after buying an additional 5,830 shares in the last quarter. Empirical Finance LLC lifted its position in Warner Bros. Discovery by 3.5% in the 1st quarter. Empirical Finance LLC now owns 79,751 shares of the company’s stock worth $696,000 after buying an additional 2,713 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Warner Bros. Discovery in the 1st quarter worth approximately $457,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

NASDAQ WBD opened at $9.37 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $22.97 billion, a price-to-earnings ratio of -1.95 and a beta of 1.48. The company’s fifty day moving average is $7.87 and its two-hundred day moving average is $7.83. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($3.89). The company had revenue of $9.71 billion during the quarter, compared to analyst estimates of $10.07 billion. Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.47%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.51) earnings per share. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -4.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WBD shares. Barclays cut their price target on shares of Warner Bros. Discovery from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Benchmark restated a “buy” rating and set a $18.00 price target on shares of Warner Bros. Discovery in a report on Friday, September 13th. TD Cowen cut their price target on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Macquarie cut their price target on shares of Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Hold” and an average target price of $10.66.

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.