While future dividends remain subject to board approval, this amount is consistent with AT&Ts previous announcement that the board had approved an expected post-close annual common dividend of $1.11 per share. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol WBD. Discovery does not currently pay a dividend on WBD common stock, The initial priority will be to repay debt incurred as part of the Transactions, Once we have reached our long-term gross leverage target, the board of directors will evaluate and determine Warner Bros. Discoverys capital allocation priorities, Warner Bros. 55.18% of the stock is currently owned by institutional investors and hedge funds. A high-level overview of Warner Bros. Discovery sues Paramount over 'South Park' streaming rights, Jim Cramer's top 10 things to watch in the stock market Friday, Warner Bros. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. How High Can the Supreme Court Take SOFI Stock. *Average returns of all recommendations since inception. This stock dividend is in connection with the previously announced transaction to combine AT&Ts WarnerMedia business with Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK). Sign up for THR news straight to your inbox every day. At the updated rate, AT&Ts stock remains among the best dividend-yielding stocks in the United States and in the Fortune 500. The media company reported December quarter revenue of $11 billion, compared with the $11.2 billion Wall Street consensus, according to FactSet. Real time prices by BATS. Cautionary Statement Concerning Forward-Looking StatementsInformation set forth in this communication contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Discovery expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in the Companys expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/warner-bros-discovery-wbd-stock-is-coming-heres-what-to-know/. However, the company has said that with its restructuring largely complete, 2023 is a year of rebuilding. Management raised its 2024 synergy guide ($4 billion-plus versus $3.5 billion prior) reflecting improved visibility, he noted in his report. Sign In. View WBD analyst ratings or view top-rated stocks. Discovery's major shareholders? Discovery as of the date hereof. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK Earnings for Warner Bros. Discovery's mailing address is 8403 Colesville Road, Silver Spring, Maryland 20910. Shares of WBD stock can be purchased through any online brokerage account. Discovery announced what seemed to be coming: they were planning on exiting the regional sports network business. How can I contact Warner Bros. All rights reserved. AT&T Declares Dividends on Common and Preferred Stock. What is Warner Bros. Identify stocks that meet your criteria using seven unique stock screeners. Discovery and raised his stock price target by $1.50 to $18. Their WBD share price forecasts range from $11.00 to $40.00. View our WBD earnings forecast. 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. The following are brief Fixer Upper: Welcome Home - Magnolia Network. Warner Bros. What is the CUSIP for Warner Bros. According to analysts' consensus price target of $21.98, Warner Bros. Sign in to your free account to enjoy all that MarketBeat has to offer. 1125 N. Charles St, Baltimore, MD 21201. By providing your email address below, you are providing consent to Warner Bros. Discovery in the 3rd quarter valued at $29,000. WebWarner Bros. The next key catalyst for the stock will be a company event on April 12 to unveil its redesigned streaming service. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. Warner Bros. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. View analysts price targets for WBD or view top-rated stocks among Wall Street analysts. 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. Out of the dark, but have they made it to the light? Cahall summarized the key question. 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 Discovery's (WBD -3.62%) stocks plunged 50% and 62%, respectively, amid macroeconomic headwinds and remain down between 39% to 44% year over year. Data is a real-time snapshot *Data is delayed at least 15 minutes. A Division of NBCUniversal. Investment Research, Inc, licensed by Zacks Investment Research, Inc. from We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. Warner Bros. Discovery's stock has made a fierce comeback this year that has left its S&P 500 peers in the dust. Discovery finally bailing out of regional sports - report, Warner Bros. You can sign up for additional alert options at any time. Warner Bros Discovery reported a net loss of 86 cents per share, which may not compare to estimates for a loss of 20 cents per share. The Stock Is Falling. 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. Zacks Style Scores Education - Learn more about the Zacks Style Scores. AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close. Discovery's revenue totaled $11.01 billion, down 9% year over year, which it mainly attributed to macroeconomic headwinds that advertising. Copyright Warner Bros. 3 days ago - Barrons Warner Bros. Year-over-year quarterly sales growth most recently was 211.8%. Discovery, Inc. (WBD) stock. Discovery has received a consensus rating of Buy. 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. Discovery expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in the Companys expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Despite recent challenges, Amazon's leading market share in e-commerce and cloud computing will likely pay off big over the long term and help it get back on track. During the two-way trading period, an AT&T shareholder also has the option of selling the right to receive shares of WBD common stock while retaining shares of AT&T common stock. 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. The board of directors also declared an annual dividend on the companys Fixed Rate Reset Perpetual Preferred Stock, Series B, of 2,875.00 per preferred share. Is Stellantis Stock a Value Investors Dream? 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. Discovery pay a dividend? Discovery this year. 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. AT&T has been advised by the New York Stock Exchange (the NYSE) that beginning on the trading day immediately prior to the April 5 record date for the spin-off distribution (currently April 4) and continuing through the close of trading on the business day before the closing date of the merger,1 there will be two markets in AT&T common stock on the NYSE: a "regular way" market and an "ex-distribution" market. What exchange is Warner Bros. Throughout 2022, Amazon (AMZN -2.35%) and Warner Bros. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Inflation has eased every month since, with the same figure at 6.4% in January 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. The effects of the COVID-19 pandemic may give rise to risks that are currently unknown or amplify the risks associated with the foregoing factors. 2023 will be a year of building and off we go. 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%). Discovery entity. Warner Bros. Warner Bros. 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. 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. 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