Warner Bros. Discovery, Inc. $WBD Stake Lessened by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC decreased its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 55.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,986 shares of the company’s stock after selling 70,032 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Warner Bros. Discovery were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in Warner Bros. Discovery during the 2nd quarter worth about $306,848,000. Independent Franchise Partners LLP acquired a new position in shares of Warner Bros. Discovery in the 1st quarter valued at about $140,224,000. Sound Shore Management Inc CT purchased a new stake in shares of Warner Bros. Discovery in the second quarter worth approximately $97,951,000. Maverick Capital Ltd. purchased a new position in Warner Bros. Discovery during the second quarter valued at approximately $77,896,000. Finally, Duquesne Family Office LLC purchased a new position in Warner Bros. Discovery during the second quarter valued at approximately $74,916,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, September 12th. Cowen cut shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating in a report on Tuesday, September 16th. Guggenheim increased their price objective on Warner Bros. Discovery from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Warner Bros. Discovery in a research report on Monday, December 15th. Finally, Bank of America boosted their target price on Warner Bros. Discovery from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.22.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, CFO Gunnar Wiedenfels sold 242,994 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the completion of the sale, the chief financial officer owned 918,940 shares of the company’s stock, valued at $27,108,730. This represents a 20.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lori C. Locke sold 5,000 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $27.62, for a total value of $138,100.00. Following the transaction, the chief accounting officer owned 110,084 shares in the company, valued at approximately $3,040,520.08. This trade represents a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 489,326 shares of company stock worth $12,781,456. 1.90% of the stock is currently owned by insiders.

Warner Bros. Discovery Stock Up 0.6%

WBD stock opened at $27.77 on Friday. The firm has a market cap of $68.81 billion, a PE ratio of 146.17 and a beta of 1.60. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $30.00. The company has a fifty day simple moving average of $23.39 and a 200 day simple moving average of $16.86. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Thursday, November 6th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.The business had revenue of $9.05 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the company earned $0.05 earnings per share. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS 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: WBD’s board formally rejected Paramount Skydance’s hostile approach and urged shareholders to reject that offer in favor of the Netflix proposal, reinforcing management’s preferred path and lowering the chance of an unsolicited break-up at current terms. Read More.
• Positive Sentiment: Analysis shows a Netflix–Warner Bros. combination would be a strategic powerhouse (projected to eclipse Disney’s TV demand share), which supports the argument that the Netflix bid could create significant long?term value for WBD shareholders. Read More.
• Positive Sentiment: Reports that activist/hedge fund Standard General has been approached about buying or investing in WBD’s cable networks (including CNN) raise the prospect of asset sales or minority investments that could unlock value outside a full sale. That potential monetization pathway is viewed favorably by investors. Read More.
• Neutral Sentiment: Harris Associates, a top-five WBD shareholder, said it would be “very open” to a revised Paramount offer if it is superior and fixes deal-term issues — this keeps the door open for a higher competing bid but also prolongs deal uncertainty. Read More.
• Neutral Sentiment: Market write-ups this week highlight the sudden entry of Paramount into the bidding contest and the sector?wide reaction; broader market sentiment and rotation also influence WBD’s trading alongside deal news. Read More.
• Negative Sentiment: Paramount’s reported all?cash $108 billion/$30?per?share approach escalates the takeover fight and could force protracted negotiations or a bidding war, increasing execution risk and near?term volatility for the stock. Read More.
• Negative Sentiment: WBD has pressed for stronger assurances from the Ellison family trust (a personal guarantee) around Paramount’s financing, signaling the board’s doubts about deal certainty — that pushback could complicate or delay any deal and sustain share?price swings. Read More.

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.