Warner Bros. Discovery, Inc. $WBD Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 27.8% in the fourth quarter, Holdings Channel reports. The firm owned 81,687 shares of the company’s stock after selling 31,416 shares during the period. OLD National Bancorp IN’s holdings in Warner Bros. Discovery were worth $2,354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Legacy Capital Group California Inc. acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at about $213,000. West Michigan Advisors LLC acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at about $3,739,000. HB Wealth Management LLC boosted its position in shares of Warner Bros. Discovery by 2.9% in the 4th quarter. HB Wealth Management LLC now owns 283,068 shares of the company’s stock valued at $8,158,000 after purchasing an additional 8,040 shares during the period. KLP Kapitalforvaltning AS boosted its position in shares of Warner Bros. Discovery by 15.6% in the 4th quarter. KLP Kapitalforvaltning AS now owns 979,927 shares of the company’s stock valued at $28,241,000 after purchasing an additional 132,300 shares during the period. Finally, M&T Bank Corp boosted its position in shares of Warner Bros. Discovery by 45.4% in the 4th quarter. M&T Bank Corp now owns 126,211 shares of the company’s stock valued at $3,637,000 after purchasing an additional 39,408 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Down 1.6%

Shares of NASDAQ:WBD opened at $26.90 on Friday. The company has a market cap of $66.71 billion, a price-to-earnings ratio of 92.76 and a beta of 1.63. The firm’s 50-day simple moving average is $27.73 and its 200-day simple moving average is $26.04. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.87. Warner Bros. Discovery, Inc. has a fifty-two week low of $8.06 and a fifty-two week high of $30.00.

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

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: Shareholders approved the transaction with Paramount Skydance, moving the $81–110 billion strategic combination significantly closer to closing — a catalyst that could unlock a transaction premium but also starts integration risk monitoring. Warner Bros. Discovery Stockholders Approve Transaction with Paramount Skydance
• Positive Sentiment: Paramount leadership (David Ellison) has already begun internal communications about next steps following shareholder approval — an indication the acquirer intends to move quickly on integration planning. Here’s what David Ellison told Paramount employees after WBD shareholders approved the merger
• Neutral Sentiment: WBD continues to extend content rights (e.g., long?term Giro d’Italia deal), which supports the company’s content moat but is unlikely to move the stock materially short term versus the merger news. WBD extends Giro d’Italia rights
• Neutral Sentiment: Market commentary notes WBD shares fell more steeply than the wider market today — a reflection of deal?related uncertainty (governance and regulatory risks) rather than operating news. Warner Bros. Discovery (WBD) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Shareholders rejected David Zaslav’s proposed $550M–$886M golden parachute, creating potential leadership and retention uncertainty that investors may view as a governance win for shareholders but a near?term risk to executive stability. Warner Bros. Discovery shareholders vote to approve Paramount deal — but reject David Zaslav’s $886M golden parachute
• Negative Sentiment: Protests and political criticism (including warnings about job losses in NYC) increase reputational and political risk that could complicate local approvals or generate headline volatility around the deal. Flurry Of Protests As WBD Shareholders Set To Vote On Paramount Merger
• Negative Sentiment: Reports that competitors (e.g., Netflix) may be quietly opposing or trying to influence the deal add another layer of strategic and regulatory uncertainty. Netflix reportedly quietly interfering with Warner Bros.-Paramount merger

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Argus decreased their price objective on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Arete Research reaffirmed a “neutral” rating and set a $31.25 price objective on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Benchmark reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Guggenheim lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $25.00 to $30.00 in a research report on Wednesday, January 14th. Finally, Raymond James Financial reissued an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.30.

Insiders Place Their Bets

In other news, Director Paul A. Gould sold 600,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $27.35, for a total value of $16,410,000.00. Following the completion of the sale, the director directly owned 244,357 shares of the company’s stock, valued at $6,683,163.95. This trade represents a 71.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gerhard Zeiler sold 600,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total value of $16,812,000.00. Following the completion of the sale, the insider directly owned 672,649 shares of the company’s stock, valued at $18,847,624.98. This represents a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 8,206,827 shares of company stock worth $230,674,025. Corporate insiders own 1.90% of the company’s stock.

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.