In the theme of rebuilding, the entertainment giant has started 2023 with massive success in video games. WBD Stock Overview. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. Discovery, Inc. (WBD) for each share of AT&T common stock. Shares of Warner Brothers Discovery are on the move. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. This copy is for your personal, non-commercial use only. Following close of the transaction, AT&T shareholders will continue to hold, along with their new shares of WBD common stock, the same number of shares of AT&T common stock they held immediately prior to close. What are the U.S. federal income tax consequences of the Transactions for AT&T and Discovery stockholders? The official website for the company is corporate.discovery.com. Dani Cook has no position in any of the stocks mentioned. 1125 N. Charles St, Baltimore, MD 21201. Our daily ratings and market update email newsletter. The scores are based on the trading styles of Value, Growth, and Momentum. Discovery Regional Sports Networks May File For Chapter 7 Bankruptcy, Warner Bros. Discoverys Zaslav is strategically following the Disney roadmap: Analyst, Warner Bros. Discovery (WBD) (Real Time Quote from BATS) $15.74 USD -0.20 (-1.26%) Updated Feb 28, 2023 11:58 AM ET Add to portfolio Zacks Rank: 2-Buy 2 Upon completion of the Transactions, holders of AT&T common stock owned approximately 71% of the outstanding shares of WBD common stock on a fully diluted basis. The trading options that will be available during the two-way trading period are: AT&T Regular Way Trading Since then, WBD shares have increased by 60.9% and is now trading at $15.25. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Discovery (WBD) Stock Is Coming. Heres What to Know. Fixer Upper: Welcome Home - Magnolia Network. Discovery, Inc. to send you the requested investor email alerts. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. Only 6.07% of the stock of Warner Bros. Two-Way Trading for AT&T Stock Expected to Begin on April 4. (844) 978-6257. Compare Top Brokerages Here. Zacks Rank Education -- Learn more about the Zacks Rank Discovery's investor relations website at https://ir.wbd.com . The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Dividends on the common stock and Series A and Series C preferred stock are payable on May 2, 2022, to shareholders of record of the respective shares at the close of business on April 14, 2022. Discovery does not have a long track record of dividend growth. The Zacks Rank has been called the Billion Dollar Secret. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Top institutional shareholders include Newport Trust Co (2.11%), Geode Capital Management LLC (1.97%), Moneta Group Investment Advisors LLC (1.16%), Sessa Capital IM L.P. (0.97%), Norges Bank (0.85%) and Morgan Stanley (0.77%). Stock Ratings Reports Warner Bros. 1125 N. Charles St, Baltimore, MD 21201. The P/E ratio of Warner Bros. Which Dollar Store, If Any, is Worth Your Investment Dollars? You must click the activation link in order to complete your subscription. The Stock Is Falling. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The estimated market cap for Discovery, Inc. All trademarks are the property of their respective owners. Warner Bros Discovery Inc does not currently pay a dividend. At Warner Bros. Warner Bros. Warner Bros Discovery Inc (WBD) stock is trading at $15.94 as of 10:36 AM on Monday, Feb 27, a gain of $0.39, or 2.54% from the previous closing price of $15.55. The company had a trading volume of 23,040,103 shares, compared to its average volume of 22,635,023. Warner Bros. The U.S. invoked the Defense Production Act to jumpstart domestic mining and production of critical minerals such as cobalt, lithium, and rare earths, which the U.S. desperately needs for its military and green tech. How do I buy shares of Warner Bros. Copyright Warner Bros. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the proxy statement/prospectus and information statement included in the registration statements filed with the SEC in connection with the proposed transaction. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Identify stocks that meet your criteria using seven unique stock screeners. He has been employed by The Fly and Israels largest business newspaper, Globes. Track outages and protect against spam, fraud, and abuse, Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services, Deliver and measure the effectiveness of ads, Show personalized content, depending on your settings, Show personalized ads, depending on your settings. View the WBD U.S. Securities and Exchange Commission reporting information. Persons reading this announcement are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. Get daily stock ideas from top-performing Wall Street analysts. What equity stake do Discovery and AT&T stockholders hold in WBD following the Transactions? See what's happening in the market right now with MarketBeat's real-time news feed. Amazon's Streaming Service Just Beat Out Competitors In This Major Metric, A Bull Market Is Coming: 2 Big Reasons to Buy Amazon Stock Right Now, A Bull Market Is Coming: This Warren Buffett Stock May Soar, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, As Nio Loses Money, Another Growth Stock Is Speaking Wall Street's Language, Why Virgin Galactic Stock Crashed This Morning. See the Full List of Stocks To Beat Earnings. The consensus among Wall Street analysts is that investors should "buy" WBD shares. Seth Klarman's Baupost has likely made a $190 million gain on Warner Bros. ZacksTrade and Zacks.com are separate companies. Zacks Ranks stocks can, and often do, change throughout the month. Who serves on the WBD board of directors? AT&T expects to close the transaction in April,second quarter dividend on common stock, payable in May,has been set according to previously announced updated dividend policy. | Privacy Policy. * indicates the important links in the menu. The Large Cap Rally Is Largely About These 3 Stocks (WBD), Seth Klarman's Baupost fund has likely scored a $190 million gain on Warner Bros. WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content to global audiences through its consumer brands, including: HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim and Turner Classic Movies. Warner Bros. Discovery Inc. Series A SEC filings breakout by MarketWatch. State of the Union - CNN. Warner Bros. View the best growth stocks for 2023 here. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. If you wish to go to ZacksTrade, click OK. At the close of business on April 8, 2022, AT&T completed Discovery, the median price target on the stock is $27, implying 89% upside. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. During this period of two-way trading in AT&T common stock, there will also be a market on the Nasdaq for WBD common stock on a when issued (WI) basis. WebWarner Bros. Their WarnerMedia Spinco shares will automatically be exchanged for WBD common stock in the merger, which will occur on the closing date of the transaction. Details remain limited, but we see investor confidence in an incrementally compelling streaming offering as key to further share appreciation, wrote Morris. Discovery? At Warner Bros. All rights reserved. Providence, RI 02940 U.S.A. Mailing address (overnight delivery): The eligible owners of T stock will have the right to receive 0.24 shares of WBD stock for each share of AT&T that they own. Discovery and raised his stock price target by $1.50 to $18. Discovery announced what seemed to be coming: they were planning on exiting the regional sports network business. American Consumer News, LLC dba MarketBeat 2010-2023. It creates and distributes a portfolio of content and brands across television, film, and streaming. After submitting your request, you will receive an activation email to the requested email address. View WBD analyst ratings or view top-rated stocks. AT&T Ex-distribution Trading What is Warner Bros. Discoverys ticker symbol? Warner Bros. No fractional shares of WBD common stock were issued in the merger, Computershare is your primary contact for issues and questions relating to your account, as well as to request a change of address, stock transfers, and other questions related to WBD common stock of which you are the record owner. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK Discovery is -5.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. While direct-to-consumer (DTC) fourth-quarter losses came in much better, we also must acknowledge networks earnings before interest, taxes, depreciation and amortization (EBITDA) declined by 9 percent both in the fourth quarter and full year 2022. Discovery Inc. Series A U.S.: Nasdaq after hours $ 15.45 WBD -0.10 -0.64% Feb 24, 2023 7:57 p.m. EST After Hours Vol. 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Mr. Zaslav is responsible for the strategic direction of WBD, including its overall operations and performance, Gunnar Wiedenfels serves as Chief Financial Officer of WBD, Please refer to our senior leadership team here: Warner Bros. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed transaction; the risk that the necessary regulatory approvals may not be obtained or may be obtained subject to conditions that are not anticipated; risks that any of the other closing conditions to the proposed transaction may not be satisfied in a timely manner; risks that the anticipated tax treatment of the proposed transaction is not obtained; risks related to litigation brought in connection with the proposed transaction; uncertainties as to the timing of the consummation of the proposed transaction; risks and costs related to the implementation of the separation of Spinco, including timing anticipated to complete the separation, any changes to the configuration of the businesses included in the separation if implemented; the risk that the integration of Discovery and Spinco being more difficult, time consuming or costly than expected; risks related to financial community and rating agency perceptions of each of AT&T and Discovery and its business, operations, financial condition and the industry in which it operates; risks related to disruption of management time from ongoing business operations due to the proposed merger; failure to realize the benefits expected from the proposed merger; effects of the announcement, pendency or completion of the proposed merger on the ability of AT&T, Spinco or Discovery to retain customers and retain and hire key personnel and maintain relationships with their suppliers, and on their operating results and businesses generally; and risks related to the potential impact of general economic, political and market factors on the companies or the proposed transaction. When is Warner Bros. Warner Bros. In-depth profiles and analysis for 20,000 public companies. Discovery, Inc. All trademarks are the property of their respective owners. Discovery Content, Brokers Issue Forecasts for Warner Bros. Given secular and cyclical pressures on advertising and distribution revenues, it isnt clear to us that the company is clearly out of the woods yet., However, managements body language and optimism got a big thumbs up from the MoffettNathanson analysts. 2022 AT&T Intellectual Property. Discovery as of the date hereof. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information is available at about.att.com. Discovery's investor relations website at https://ir.wbd.com . WebView the latest Warner Bros. WBDWV Trading Amazon and Warner Bros. A focus on strong free cash flow, debt reduction and minimizing streaming losses had some Wall Street experts raising price targets. quotes delayed at least 15 minutes, all others at least 20 minutes. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Reduced streaming losses, strong free cash flow and a focus on debt reduction those were some of the positives in Warner Bros. Discoverys fourth-quarter earnings update on Feb. 24 that were dissected by Wall Street experts overnight. Nasdaq Discovery has received a consensus rating of Buy. The monthly returns are then compounded to arrive at the annual return. Warner Bros. Discovery has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 10 buy ratings, 7 hold ratings, and 1 sell rating. According to analysts' consensus price target of $22.83, Warner Bros. Discovery has a forecasted upside of 140.9% from its current price of $9.48. Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. Warner Bros. Discovery in the last twelve months. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. How can I contact Warner Bros. Discoverys investor relations team? Warner Bros. Additionally, the company's position in the cloud market with Amazon Web Services has become a major asset. Discovery (NASDAQ:WBD) PT Raised to $11.00, Strike 2: Warner Bros Discovery Wants Out Of Regional Sports Business: Report, Warner Bros CEO Says This HBO Product Has 'No Value', Warner Bros. The exact number of shares of WBD common stock to be received by AT&T shareholders for each AT&T common share will be determined immediately before the closing based on the number of shares of AT&T common stock outstanding and the number of shares of Discovery common stock outstanding on an asconverted and asexercised basis. Dividends on the Series B preferred stock are payable on May 3, 2022, to shareholders of record as of the close of business on April 14, 2022. Investors had high hopes for Warner Bros. The media All Rights Reserved. Warner Bros. Discovery (NASDAQ:WBD) has a market capitalization of $37.76 billion and generates $33.82 billion in revenue each year. What is Warner Bros. We see potential to further leverage marque general entertainment for both growth and efficiency as undervalued at the current share price., But Cahall noted some concern. Analysts expect adjusted earnings to reach $-1.681 per share for the current fiscal year. Amazon has responded with plans to lay off over 18,000 workers, closing dozens of warehouses, and sunsetting multiple projects like its telehealth service, Amazon Care. DTC losses of $217 million versus our $580 million and Streets $534 million (estimates) were the clear highlight of the fourth quarter, he argued. Discovery shares are the better buy right now, and a bargain at their current price. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. WBD is re-launching a combined service in April. Should I buy or sell Warner Bros. Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of stock in However, the company has said that with its restructuring largely complete, 2023 is a year of rebuilding. WebInformation for Stockholders Receiving Shares of Warner Bros. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 The Company entertains audiences worldwide through its brands and products including Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV After splitting with Kanye West, British audio startup Kano asks for funding, How the Creed franchise makes a statement and lots of money in modern Hollywood, Warner Bros. Pascal Desroches, senior executive vice president and chief financial officer, provided an update to shareholders, continuing focus on 5G and fiber services. 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