Trust Co. of Vermont Has $771,000 Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Trust Co. of Vermont trimmed its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,739 shares of the company’s stock after selling 9,003 shares during the period. Trust Co. of Vermont’s holdings in Warner Bros. Discovery were worth $771,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WBD. Fortis Group Advisors LLC bought a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at about $25,000. Pacifica Partners Inc. raised its holdings in shares of Warner Bros. Discovery by 118.2% in the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after purchasing an additional 1,345 shares during the period. Headinvest LLC bought a new stake in shares of Warner Bros. Discovery in the 3rd quarter valued at about $28,000. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at about $33,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at about $35,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Trading Down 1.0 %

NASDAQ WBD traded down $0.07 during trading hours on Monday, hitting $7.17. 3,398,309 shares of the company’s stock were exchanged, compared to its average volume of 27,795,393. The stock has a 50-day simple moving average of $8.10 and a 200 day simple moving average of $9.36. Warner Bros. Discovery, Inc. has a 1-year low of $7.11 and a 1-year high of $14.76. The firm has a market cap of $17.57 billion, a price-to-earnings ratio of -5.84 and a beta of 1.53. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.87.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The firm had revenue of $9.96 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the business posted $0.18 EPS. The company’s revenue was down 6.9% on a year-over-year basis. On average, equities analysts forecast that Warner Bros. Discovery, Inc. will post -0.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Warner Bros. Discovery in a report on Monday. Barrington Research reissued an “outperform” rating and issued a $15.00 price target on shares of Warner Bros. Discovery in a report on Tuesday, May 28th. Citigroup lowered their price target on shares of Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. KeyCorp raised shares of Warner Bros. Discovery from a “sector weight” rating to an “overweight” rating and set a $11.00 price target on the stock in a report on Friday, May 10th. Finally, Rosenblatt Securities raised shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and increased their price target for the company from $7.00 to $10.00 in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Warner Bros. Discovery presently has an average rating of “Moderate Buy” and an average price target of $13.16.

About Warner Bros. Discovery

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.