Healthcare of Ontario Pension Plan Trust Fund Decreases Holdings in Warner Bros. Discovery, Inc. $WBD

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 51.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,927,380 shares of the company’s stock after selling 3,054,434 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Warner Bros. Discovery were worth $80,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in WBD. Swiss RE Ltd. acquired a new position in Warner Bros. Discovery during the 4th quarter valued at about $26,000. Fideuram Asset Management Ireland dac acquired a new stake in Warner Bros. Discovery in the fourth quarter worth about $29,000. MV Capital Management Inc. acquired a new position in shares of Warner Bros. Discovery during the fourth quarter valued at about $30,000. Rakuten Securities Inc. raised its position in shares of Warner Bros. Discovery by 81.5% in the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock valued at $33,000 after purchasing an additional 521 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Warner Bros. Discovery in the 3rd quarter worth approximately $33,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WBD. UBS Group upped their price target on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Zacks Research upgraded Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings lowered shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a research note on Thursday, May 7th. Finally, KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.04.

Warner Bros. Discovery Trading Down 0.7%

WBD opened at $25.77 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92. The firm has a market cap of $64.61 billion, a P/E ratio of -36.81 and a beta of 1.54. Warner Bros. Discovery, Inc. has a 52 week low of $10.76 and a 52 week high of $30.00. The business has a fifty day simple moving average of $26.72 and a 200-day simple moving average of $27.39.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). The firm had revenue of $8.89 billion for the quarter, compared to analysts’ expectations of $8.89 billion. Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.18) earnings per share. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -1.07 earnings per share for the current year.

Trending Headlines about Warner Bros. Discovery

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: Warner Bros. Discovery is expected to report second-quarter 2026 results on August 6, giving investors a new near-term catalyst to assess business performance. Warner Bros. Discovery to Report Second Quarter 2026 Results on Thursday, August 6
• Neutral Sentiment: Paramount has reportedly secured EU approval for the merger, reducing one hurdle even as U.S. regulators and courts continue to review the deal. Paramount’s Takeover Of Warner Bros. Discovery Gets EU Greenlight
• Negative Sentiment: A federal judge has extended the pause on the Paramount-Warner Bros. Discovery deal through at least August 17, increasing uncertainty around the transaction. Paramount-Warner-Bros deal paused through August 17, judge rules
• Negative Sentiment: Reports say Paramount may push the closing date out to as late as June 2027 while it fights state lawsuits, and could face large daily fees if the merger does not close on time. Paramount agrees to pause $110B Warner Bros. deal while states’ lawsuit plays out

About Warner Bros. Discovery

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.