Aaron Wealth Advisors LLC Takes $359,000 Position in Warner Bros. Discovery, Inc. $WBD

Aaron Wealth Advisors LLC acquired a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,404 shares of the company’s stock, valued at approximately $359,000.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in Warner Bros. Discovery by 2.2% in the second quarter. Vanguard Group Inc. now owns 262,477,555 shares of the company’s stock valued at $3,007,993,000 after acquiring an additional 5,657,524 shares during the period. Geode Capital Management LLC lifted its stake in Warner Bros. Discovery by 0.9% during the second quarter. Geode Capital Management LLC now owns 60,091,463 shares of the company’s stock worth $685,798,000 after purchasing an additional 551,548 shares during the period. Invesco Ltd. boosted its holdings in Warner Bros. Discovery by 2.8% during the second quarter. Invesco Ltd. now owns 44,574,492 shares of the company’s stock valued at $510,824,000 after purchasing an additional 1,233,195 shares in the last quarter. Sessa Capital IM L.P. grew its stake in shares of Warner Bros. Discovery by 4.0% in the 1st quarter. Sessa Capital IM L.P. now owns 29,555,277 shares of the company’s stock valued at $317,128,000 after purchasing an additional 1,144,849 shares during the period. Finally, Norges Bank acquired a new position in shares of Warner Bros. Discovery in the 2nd quarter worth approximately $306,848,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery News Summary

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.

Wall Street Analyst Weigh In

Several brokerages recently commented on WBD. Argus set a $28.00 price target on Warner Bros. Discovery in a research note on Monday, December 8th. Singular Research upgraded shares of Warner Bros. Discovery to a “moderate buy” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group upped their target price on shares of Warner Bros. Discovery from $13.00 to $14.75 and gave the stock a “buy” rating in a report on Friday, November 7th. Sanford C. Bernstein boosted their price target on shares of Warner Bros. Discovery from $16.00 to $23.50 in a research report on Friday, November 7th. Finally, Benchmark raised their price objective on shares of Warner Bros. Discovery from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.22.

Insider Activity

In other Warner Bros. Discovery news, CAO Lori C. Locke sold 4,122 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total value of $119,208.24. Following the sale, the chief accounting officer owned 100,962 shares in the company, valued at $2,919,821.04. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total value of $7,168,323.00. Following the sale, the chief financial officer directly owned 918,940 shares of the company’s stock, valued at $27,108,730. This represents a 20.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 489,326 shares of company stock worth $12,781,456 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Warner Bros. Discovery Trading Up 0.6%

WBD opened at $27.77 on Friday. The firm has a 50 day simple moving average of $23.39 and a 200 day simple moving average of $16.81. The company has a market cap of $68.81 billion, a price-to-earnings ratio of 146.17 and a beta of 1.60. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $30.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. The firm had revenue of $9.05 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the prior year, the firm posted $0.05 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

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.