New York State Teachers Retirement System Increases Stake in Warner Bros. Discovery, Inc. $WBD

New York State Teachers Retirement System lifted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,810,882 shares of the company’s stock after buying an additional 34,918 shares during the quarter. New York State Teachers Retirement System’s holdings in Warner Bros. Discovery were worth $52,190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Rakuten Securities Inc. grew its position in shares of Warner Bros. Discovery by 81.5% during the fourth quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock valued at $33,000 after purchasing an additional 521 shares in the last quarter. TOWER TRUST & INVESTMENT Co lifted its position in shares of Warner Bros. Discovery by 4,730.8% in the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock worth $36,000 after buying an additional 1,230 shares in the last quarter. Concord Wealth Partners lifted its position in shares of Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after buying an additional 440 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in Warner Bros. Discovery by 152.1% during the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock valued at $27,000 after buying an additional 847 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its stake in Warner Bros. Discovery by 226.1% during the fourth quarter. Richardson Financial Services Inc. now owns 1,647 shares of the company’s stock valued at $47,000 after buying an additional 1,142 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Insider Activity at Warner Bros. Discovery

In other news, insider Bruce Campbell sold 1,580,331 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $28.00, for a total value of $44,249,268.00. Following the completion of the sale, the insider owned 690,028 shares in the company, valued at approximately $19,320,784. This trade represents a 69.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerhard Zeiler sold 600,000 shares of Warner Bros. Discovery stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.02, for a total transaction of $16,812,000.00. Following the transaction, the insider directly owned 672,649 shares of the company’s stock, valued at approximately $18,847,624.98. This represents a 47.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,206,827 shares of company stock valued at $230,674,025 over the last three months. Corporate insiders own 1.90% of the company’s stock.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Morgan Stanley framed the Paramount–Skydance–Warner combination as “big, bold, and game-changing,” implying material strategic and value upside if the deal clears and assets are reweighted successfully. Paramount Skydance, Warner Bros. merger a ‘big, bold, and game-changing move’—Morgan Stanley
• Positive Sentiment: Warner Bros. Discovery renewed CFO Gunnar Wiedenfels’s contract through April 2028 — a governance/stability signal that may reassure investors about execution on finance, integration and deal-related accounting. Warner Bros. Discovery Finance Chief Gunnar Wiedenfels Gets New Contract
• Neutral Sentiment: Analysts maintain an average “Hold” on WBD, reflecting mixed views — upside tied to deal completion, downside tied to regulatory and execution risk. This keeps near-term analyst pressure balanced. Warner Bros. Discovery, Inc. (NASDAQ:WBD) Given Average Rating of “Hold” by Analysts
• Neutral Sentiment: A recent valuation check highlights a disconnect between market signal and cash-flow estimates — useful framing for long-term investors but not an immediate catalyst absent changes to guidance or deal terms. Warner Bros. Discovery (WBD) Valuation Check As Market Signals Clash With Cash Flow Estimates
• Negative Sentiment: Consumer plaintiffs filed an antitrust and “viewpoint diversity” suit seeking to block the merger, a direct regulatory/legal threat that increases the probability of delays, divestitures or deal rejection. Save CNN: Paramount Hit With Antitrust & “Viewpoint Diversity” Suit By Consumers To Stop WBD Merger; Company Responds
• Negative Sentiment: Coverage of CEO David Zaslav’s compensation tripling to $165M and critical reporting about his role in the proposed sale raise governance and optics concerns that could weigh on sentiment and invite investor scrutiny. Warner Bros. CEO’s pay package triples to $165M
• Negative Sentiment: Critical commentary and reporting (NY Post, Vulture) question management incentives and outline legal/competitive obstacles to the merger, amplifying reputational risk and potential regulatory pushback. David Zaslav isn’t just making himself rich selling Warner to Paramount — ask his employees

Wall Street Analyst Weigh In

WBD has been the topic of a number of research reports. Wells Fargo & Company began coverage on Warner Bros. Discovery in a research note on Monday, March 9th. They issued an “equal weight” rating and a $31.00 price objective on the stock. Rothschild & Co Redburn set a $31.00 target price on Warner Bros. Discovery and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Raymond James Financial reissued an “underperform” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. Huber Research cut shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 27th. Finally, Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Warner Bros. Discovery presently has a consensus rating of “Hold” and a consensus price target of $26.30.

Warner Bros. Discovery Trading Down 0.3%

Shares of WBD stock opened at $26.97 on Friday. The company has a market cap of $67.61 billion, a PE ratio of 93.00 and a beta of 1.57. Warner Bros. Discovery, Inc. has a 1 year low of $8.06 and a 1 year high of $30.00. The stock’s 50 day simple moving average is $27.59 and its two-hundred day simple moving average is $26.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). The company had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.33 billion. Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.Warner Bros. Discovery’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.20) EPS. Research analysts predict that Warner Bros. Discovery, Inc. will post -0.1 earnings per share for the current year.

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.