Select More options to see additional information, including details about managing your privacy settings. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Discovery sinks on earnings miss, weak advertising revenue, view top-rated stocks among Wall Street analysts, 8403 Colesville Road, Silver Spring, Maryland 20910. 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. What is Warner Bros. If you experience any issues with this process, please contact us for further assistance. Discovery is listed on the Nasdaq Global Select Market exchange, Warner Bros. Discoverys CUSIP is 934423104, WBD will only have one share class with each share having the same economic interest and voting power, Each share of WBD common stock will have one vote, Warner Bros. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Warner Bros. WebOur Series A common stock, par value $0.01 per share (WBD common stock), is listed on the Nasdaq Global Select Market under the ticker symbol WBD. Forward-looking statements include, without limitation, statements regarding future financial and operating results, the Companys plans, objectives, expectations and intentions, and other statements that are not historical facts. Warner Bros. Who are Warner Bros. What did I receive in the Transactions? What is Warner Bros. Discoverys ticker symbol? The following are brief On the closing date of the transaction, each AT&T shareholder will receive, on a tax-free basis, an estimated 0.24 shares of the new WBD common stock for each share of AT&T common stock held as of the record date for the Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Discovery, Inc. (WBD) NasdaqGS - NasdaqGS Real Time Price. Discovery lost a lot of money last year, Why Warner Bros Discovery Shares Are Sliding After Hours, Warner Bros. View the WBD U.S. Securities and Exchange Commission reporting information. In Q4 2022, Warner Bros. On average, they anticipate the company's stock price to reach $21.98 in the next twelve months. Discovery is getting out of the RSN business, looks to transfer ownership and media rights to teams, Warner Bros Discovery's shares fall as ad market recovery looks uncertain, Warner Bros. Data is a real-time snapshot *Data is delayed at least 15 minutes. Investment Research, Inc, licensed by Zacks Investment Research, Inc. from Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Discovery's stock is owned by a number of retail and institutional investors. Discovery fell over 50% in 2022. See rankings and related performance below. Learn More. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. 2023 will be a year of building and off we go. The media Providence, RI 02940 U.S.A. Mailing address (overnight delivery): This copy is for your personal, non-commercial use only. Warner Bros. Heres What to Know. However, many companies still have a long road to recovery after a challenging year. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free transaction. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/warner-bros-discovery-wbd-stock-is-coming-heres-what-to-know/. All rights reserved. Discovery? Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. Receive WBD Stock News and Ratings via Email. Meanwhile, Amazon is by far the biggest online retailer with a 37.8% U.S. market share. The ownership of the combined company following the Transactions was the result of a negotiated value exchange between AT&T and Discovery, which was based upon each partys valuations of Discovery and the WarnerMedia business, prior to the execution of the agreements defining the Transactions in May 2021. Stock Quote & Chart. A few minutes after, Warner Bros. Discoverys shares were up 1.8 percent at $16.01. Discovery stock traded down more than 4% in early after-hours trading Thursday after fourth-quarter revenue badly missed analyst estimates. Jack in the Box Pops On Tasty Results, Robust Outlook, Wendys Price Firms After Sizzling Quarter And Juicy Outlook, Terran Orbitals New $2.4 Billion Contract is a Game Changer, From Betty Crocker to Blue Buffalo, General Mills Looks Strong, Cracker Barrel Stock: Range Bound, but High Yield For 2023, This Small Company Is Set To Drive Future Of Lithium Batteries, What Are Blue Chip Stocks? 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%). Dani Cook has no position in any of the stocks mentioned. This transaction is expected to be completed between April 12 and the end of the month. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. 55.18% of the stock is currently owned by institutional investors and hedge funds. AT&T Ex-distribution Trading We have been chosen as the exclusive connectivity provider for Lucid's full line of electric vehicles (EVs) shipped in the U.S., Canada and Mexico. Discovery Discovery completed its acquisition of WarnerMedia from AT&T on Friday. As the fourth-quarter earnings cycle for Big Media closes Thursday, with Warner Bros. DTC losses of $217 million versus our $580 million and Streets $534 million (estimates) were the clear highlight of the fourth quarter, he argued. Who serves on the WBD board of directors? 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. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. The technique has proven to be very useful for finding positive surprises. This option will be available under the temporary Nasdaq symbol "WBDWV". Its shares fell in after-hours trading. Such estimates and statements include, but are not limited to, statements about the benefits of the transaction, including future financial and operating results, the combined Spinco and Discovery companys plans, objectives, expectations and intentions, and other statements that are not historical facts. We want to hear from you. The Stock Is Falling. The average Warner Bros. Discovery price target is $18.67, implying 79.52% upside potential. Conclusion: Should You Consider Warner Bros. Discovery Stock? I totally understand why WBD's rock-bottom P/B ratio might get some value-focused investors frothing at the mouth. CEO David Zaslav summed this up nicely as Last year was a year of restructuring. (Computershare) serves as the transfer agent and registrar for WBD common stock. Wonder Woman 1984 - Warner Bros. Is Stellantis Stock a Value Investors Dream? 2023 The Hollywood Reporter, LLC. Warner Bros. Discovery Files Lawsuit Against Paramount Over South Park Streaming Rights, Warner Bros. Where can I find historical stock price information? This release has been revised since it was originally published to update the NYSE symbol for AT&T common stock trading in the ex-distribution market. Visit www.zacksdata.com to get our data and content for your mobile app or website. Warner Bros. All rights reserved. Forward-looking statements include statements regarding the Companys expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as anticipate, believe, could, continue, estimate, expect, intend, may, should, will and would or similar words. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Discovery is held by institutions. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. However, the company has said that with its restructuring largely complete, 2023 is a year of rebuilding. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Last year, the service earned 100% of Amazon's $12.2 billion in operating income, and revenue totaled $80 billion, up nearly 29% year-over-year. Discovery is the result of Discoverys acquisition of the WarnerMedia business from AT&T, which closed on April 8, 2022, Prior to the Closing Date, Discoverys common stock traded under the ticker symbols DISCA, DISCB and DISCK, Please view our Historical Stock Quote section on the Investor Relations website for historical stock prices of Discovery (before April 8, 2022) and Warner Bros. Discovery? Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Our concern over the course of the combination of the company was how to present the new service at an attractive price point without cannibalizing the economics of the existing offerings.. Discovery and raised his stock price target by $1.50 to $18. Warner Bros. What is Warner Bros. How can I contact Warner Bros. Discoverys investor relations team? Discovery secured the rights to J.R.R. Discovery's stock was trading at $9.48 at the start of the year. 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