Fisher Asset Management LLC Sells 39,982 Shares of Warner Bros. Discovery, Inc. $WBD

Fisher Asset Management LLC decreased its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 547,159 shares of the company’s stock after selling 39,982 shares during the period. Fisher Asset Management LLC’s holdings in Warner Bros. Discovery were worth $10,686,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WBD. Concord Wealth Partners lifted its stake in shares of Warner Bros. Discovery by 49.9% in the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in Warner Bros. Discovery by 152.1% in the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock valued at $27,000 after purchasing an additional 847 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Warner Bros. Discovery during the second quarter valued at about $29,000. Grove Bank & Trust grew its holdings in shares of Warner Bros. Discovery by 66.5% during the third quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock worth $33,000 after purchasing an additional 675 shares during the last quarter. Finally, Crews Bank & Trust increased its stake in shares of Warner Bros. Discovery by 1,242.2% in the third quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock valued at $34,000 after buying an additional 1,590 shares during the period. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

WBD stock opened at $27.95 on Thursday. The firm has a market cap of $69.26 billion, a PE ratio of 96.38 and a beta of 1.60. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average price of $28.32 and a 200-day moving average price of $23.08. Warner Bros. Discovery, Inc. has a 1-year low of $7.52 and a 1-year high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.19). Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The business had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the previous year, the company earned ($0.20) EPS. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, equities research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Buying and Selling at Warner Bros. Discovery

In related news, CAO Lori C. Locke sold 4,122 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $28.92, for a total transaction of $119,208.24. Following the transaction, the chief accounting officer directly owned 100,962 shares of the company’s stock, valued at $2,919,821.04. This represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the firm’s stock in a transaction 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. The trade was a 20.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 252,116 shares of company stock valued at $7,425,631 in the last quarter. 1.90% of the stock is currently owned by company insiders.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: Paramount Skydance signed a definitive agreement to acquire Warner Bros. Discovery, laying out plans to combine streaming assets while keeping key cable networks — a clear path to a cash exit for WBD shareholders. Paramount Skydance Deal Reshapes Warner Bros Discovery Outlook After Netflix Exit
• Positive Sentiment: WBD’s board has backed PSKY’s revised $31-per-share cash bid with added deal protections — a signal the board prefers this offer and strengthens the likelihood of the sale closing at the agreed price. Can WBD Capitalize on PSKY’s Modified Proposal to Drive Value?
• Positive Sentiment: FCC Chair Brendan Carr publicly characterized the deal as “cleaner” than Netflix’s proposal and said it should be approved quickly, easing a major regulatory overhang for the transaction. FCC chief tells CNBC WBD-Paramount merger deal is ‘cleaner’ than Netflix’s
• Neutral Sentiment: Netflix formally withdrew its competing bid after heavy regulatory and political scrutiny; that removes a rival bidder (reducing auction upside) but clears the path to closing with PSKY. President Trump Buys Netflix Debt Worth Up to $1.25 Million Amid WBD Sale
• Neutral Sentiment: Coverage and analysis argue Netflix “won” by walking away (its stock popped), which helps explain sector rotation and investor sentiment that may be pulling capital away from WBD today. The Art of the Walk-Away: Netflix Wins by Losing the WBD Deal (WBD)
• Negative Sentiment: CEO David Zaslav and other top executives sold sizable amounts of WBD stock (Zaslav ~ $114M), which investors often view as a negative signal about near-term upside or insiders cashing out after deal news. David Zaslav Sells $114 Million Worth of Warner Bros. Discovery Stock After WBD Clinches Paramount Skydance Deal
• Negative Sentiment: Credit agencies have downgraded Paramount (the buyer) and placed ratings on negative watch, raising financing and integration risk for the transaction — a potential drag on WBD shares until financing and regulatory details are resolved. Paramount credit ratings downgraded by Fitch after Warner Bros deal
• Negative Sentiment: Industry pushback — filmmakers’ anxiety, warnings about job losses and market chatter on potential layoffs — creates operational and PR risks that could complicate integration and near-term performance. Burning Questions for Paramount’s Warner Bros. Deal

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Weiss Ratings raised shares of Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Guggenheim downgraded Warner Bros. Discovery from a “buy” rating to a “neutral” rating and increased their price objective for the company from $25.00 to $30.00 in a report on Wednesday, January 14th. TD Cowen raised their target price on Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. Barrington Research lowered Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Moffett Nathanson raised their price objective on Warner Bros. Discovery from $26.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.34.

Warner Bros. Discovery Company 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.