Warner Bros. Discovery, Inc. $WBD Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 35.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 158,574 shares of the company’s stock after selling 85,470 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Warner Bros. Discovery were worth $1,817,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Warner Bros. Discovery by 304.9% during the fourth quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock worth $729,000 after purchasing an additional 51,920 shares during the period. Raymond James Financial Inc. raised its position in Warner Bros. Discovery by 5.1% during the 1st quarter. Raymond James Financial Inc. now owns 2,041,662 shares of the company’s stock worth $21,907,000 after buying an additional 98,296 shares during the last quarter. Wellington Management Group LLP raised its position in Warner Bros. Discovery by 55.9% during the 1st quarter. Wellington Management Group LLP now owns 86,071 shares of the company’s stock worth $924,000 after buying an additional 30,854 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Warner Bros. Discovery during the 1st quarter valued at approximately $448,000. Finally, CW Advisors LLC boosted its holdings in shares of Warner Bros. Discovery by 193.8% in the 1st quarter. CW Advisors LLC now owns 31,772 shares of the company’s stock valued at $343,000 after acquiring an additional 20,957 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WBD. Bank of America raised their target price on shares of Warner Bros. Discovery from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Raymond James Financial lifted their price objective on Warner Bros. Discovery from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Redburn Partners set a $28.00 target price on Warner Bros. Discovery in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $29.50 target price on shares of Warner Bros. Discovery in a report on Monday, December 8th. Finally, Rothschild Redb raised Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.22.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: Larry Ellison personally guarantees $40.4B of equity backing for Paramount Skydance’s amended hostile bid, materially strengthening Paramount’s financing credibility and raising the chance of a higher or successful offer. Larry Ellison gives $40.4 billion guarantee for Paramount bid for Warner Bros
• Positive Sentiment: Warner Bros. Discovery confirmed receipt of Paramount Skydance’s amended, unsolicited tender offer — a formal step that signals the takeover fight will proceed and puts pressure on bidders and the board. Warner Bros. Discovery Confirms Receipt of Amended, Unsolicited Tender Offer from Paramount Skydance
• Positive Sentiment: Industry veteran Jon Klein says bids for WBD could still rise and notes standalone value in the company’s cable networks — commentary that supports the idea of a higher takeover price or breakup value. WBD Bids Could Go Higher, Says Former CNN President Klein
• Positive Sentiment: Netflix has restructured/secured large financing (reports of ~$25B bank facilities and refinanced bridge loans) for its preferred bid, keeping the competing offer well‑funded and credible. Netflix Lines Up $25 Billion in Bank Financing for Warner Bros Deal
• Neutral Sentiment: Analysts and shareholders are debating which offer to accept; Paramount is canvassing holders even as WBD’s board previously recommended the Netflix transaction — this leaves outcomes uncertain and timeline fluid. Why Warner Bros. Discovery shareholders might opt for Paramount’s offer — and why they might not
• Negative Sentiment: A shareholder law firm has opened an investigation into WBD’s board for potential breach of fiduciary duty, which could lead to litigation, delays or pressure on the board’s decision-making. Berger Montague PC Investigates Warner-Bros. Discovery, Inc.’s Board of Directors for Breach of Fiduciary Duty
• Negative Sentiment: Regulatory review and the complex, public takeover fight increase the risk of delays, divestiture demands or interference that could reduce deal returns or extend uncertainty. Netflix and Paramount are fighting over Warner Bros. Discovery. Here’s the regulatory outlook

Insiders Place Their Bets

In other Warner Bros. Discovery news, CAO Lori C. Locke sold 5,000 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $27.62, for a total transaction of $138,100.00. Following the transaction, the chief accounting officer directly owned 110,084 shares of the company’s stock, valued at $3,040,520.08. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the business’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 489,326 shares of company stock valued at $12,781,456 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Warner Bros. Discovery Stock Up 3.5%

Shares of WBD opened at $28.75 on Tuesday. The firm has a market cap of $71.24 billion, a P/E ratio of 151.32 and a beta of 1.60. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $30.00. The stock’s 50 day moving average is $23.60 and its two-hundred day moving average is $17.04. 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 announced its earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share 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. Analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal 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.