Warner Bros. Discovery, Inc. $WBD Position Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 43.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 177,016 shares of the company’s stock after buying an additional 53,241 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Warner Bros. Discovery were worth $4,371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Warner Bros. Discovery in the fourth quarter worth $1,123,807,000. Duquesne Family Office LLC bought a new stake in shares of Warner Bros. Discovery during the second quarter valued at approximately $74,916,000. Amundi boosted its position in shares of Warner Bros. Discovery by 59.6% during the third quarter. Amundi now owns 15,523,538 shares of the company’s stock worth $296,189,000 after buying an additional 5,798,592 shares during the period. Marshall Wace LLP acquired a new position in shares of Warner Bros. Discovery during the third quarter worth approximately $100,135,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Warner Bros. Discovery by 509.5% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,981,814 shares of the company’s stock worth $172,396,000 after buying an additional 5,000,437 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Warner Bros. Discovery

In related news, Director Kenneth W. Lowe sold 120,000 shares of Warner Bros. Discovery stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $26.97, for a total transaction of $3,236,400.00. Following the transaction, the director directly owned 990,108 shares of the company’s stock, valued at $26,703,212.76. The trade was a 10.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerhard Zeiler sold 591,038 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $27.05, for a total transaction of $15,987,577.90. Following the completion of the sale, the insider owned 537,436 shares in the company, valued at approximately $14,537,643.80. This trade represents a 52.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

WBD has been the topic of several analyst reports. Zacks Research cut Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Guggenheim reissued a “neutral” rating on shares of Warner Bros. Discovery in a research note on Thursday, May 7th. Seaport Research Partners lowered Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a report on Monday, July 27th. UBS Group raised their price target on Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Huber Research upgraded shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.69.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $27.65 on Thursday. Warner Bros. Discovery, Inc. has a 12 month low of $11.25 and a 12 month high of $30.00. The stock has a market cap of $69.32 billion, a price-to-earnings ratio of -21.77 and a beta of 1.55. The stock’s 50 day moving average price is $26.49 and its 200 day moving average price is $27.17. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.78 and a quick ratio of 0.78.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.20. Warner Bros. Discovery had a negative return on equity of 8.91% and a negative net margin of 8.77%.The firm had revenue of $8.72 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period last year, the company posted $0.63 EPS. The firm’s quarterly revenue was down 11.2% on a year-over-year basis. Equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -1.13 earnings per share for the current fiscal year.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Freedom Capital upgraded WBD from “hold” to “strong buy,” adding to the stock’s bullish sentiment. Zacks.com
• Positive Sentiment: Paramount Skydance reportedly said a sale of CNN could be considered to help resolve California’s antitrust lawsuit challenging its proposed merger with Warner Bros. Discovery. Such a concession could improve the transaction’s chances of closing, although it would also reshape the deal’s strategic benefits. Paramount says CNN sale is on the table
• Neutral Sentiment: Paramount CEO David Ellison reportedly threatened to begin moving the company out of California if the state attorney general does not negotiate a settlement. The escalation increases pressure for a resolution but could prolong uncertainty around the WBD merger. Paramount California exit threat
• Neutral Sentiment: Coverage continues to describe the Paramount–WBD transaction as being in legal limbo, with an antitrust trial reportedly scheduled for March 2027. The prolonged timetable makes the stock particularly sensitive to regulatory and courtroom developments. Paramount Skydance versus WBD deal analysis
• Negative Sentiment: Director Kenneth W. Lowe sold 120,000 shares for approximately $3.24 million, while insider Gerhard Zeiler sold 591,038 shares worth about $15.99 million. The sizable insider selling may weigh on sentiment, though the filings do not establish the sellers’ motivations. WBD insider sale filing
• Negative Sentiment: The merger’s antitrust challenges remain a material downside risk: failure or substantial modification of the deal could remove a major source of potential value for WBD shareholders. Democratic scrutiny of the Paramount-WBD deal

Warner Bros. Discovery Profile

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.