CIBC Private Wealth Group LLC lessened its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 50.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 111,141 shares of the company’s stock after selling 112,466 shares during the period. CIBC Private Wealth Group LLC’s holdings in Warner Bros. Discovery were worth $2,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Concord Wealth Partners boosted its holdings in Warner Bros. Discovery by 49.9% during the third 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 period. Physician Wealth Advisors Inc. increased its stake in shares of Warner Bros. Discovery by 152.1% in the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after purchasing an additional 847 shares during the period. Grove Bank & Trust increased its stake in shares of Warner Bros. Discovery by 66.5% in 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 period. JPL Wealth Management LLC acquired a new position in shares of Warner Bros. Discovery during the 3rd quarter worth about $33,000. Finally, Crews Bank & Trust lifted its position in shares of Warner Bros. Discovery by 1,242.2% during the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock worth $34,000 after purchasing an additional 1,590 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.
Analyst Ratings Changes
A number of research firms have issued reports on WBD. Barrington Research lowered Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a report on Friday, December 5th. Weiss Ratings upgraded Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Rothschild & Co Redburn set a $31.00 price objective on Warner Bros. Discovery and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Arete Research restated a “neutral” rating and issued a $31.25 price objective on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Finally, Moffett Nathanson raised shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.30.
More Warner Bros. Discovery News
Here are the key news stories impacting Warner Bros. Discovery this week:
- Positive Sentiment: Reports of a “mystery Singapore suitor” for Warner Bros. Discovery suggest there may be alternative bidders or strategic interest that could lift takeover leverage or price if the process widens. Warner Bros Discovery’s mystery Singapore suitor
- Neutral Sentiment: The DOJ’s antitrust chief says the Paramount-WBD review won’t be fast-tracked for political reasons — that increases the likelihood of a normal-length regulatory review and potential delays, keeping merger timing uncertain. DOJ Will ‘Absolutely Not’ Fast-Track Review of Paramount-Warner Bros. Deal for Political Reasons, Antitrust Chief Says
- Neutral Sentiment: Coverage questioning whether the largest leveraged buyout (Paramount/Skydance) is in doubt adds uncertainty about the broader M&A landscape and timing — markets are pricing in more risk that deal plans could be delayed or altered. Spencer Jakab | Is the Largest Leveraged Buyout Ever in Doubt?
- Neutral Sentiment: Paramount’s David Ellison says he wants to keep Paramount and WBD operating separately to preserve jobs — signaling a potential strategy that could reduce near-term cost synergies but limit layoffs and structural disruption. David Ellison Hopes to ‘Build a Stronger Hollywood’ and Save Jobs by Keeping Paramount and WBD Operating Separately
- Negative Sentiment: Multiple outlets report CEO David Zaslav could receive more than $800M in payouts (including up to $335M tied to golden‑parachute excise tax protections) if the Paramount-Skydance deal closes — a headline risk for governance critics and shareholder optics that can pressure the stock. David Zaslav’s WBD-Paramount deal payout highlights new ‘golden parachutes’ for CEOs
- Negative Sentiment: A WBD director sold roughly $16.4M of stock — an insider sale that investors often view negatively while a takeover process is ongoing, though the context (planned sale vs. opportunistic cash-out) matters. Warner Bros. Discovery (NASDAQ:WBD) Director Sells $16,410,000.00 in Stock
Insiders Place Their Bets
In other Warner Bros. Discovery news, insider Bruce Campbell sold 1,580,331 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $28.00, for a total value of $44,249,268.00. Following the sale, the insider owned 690,028 shares of the company’s stock, valued at $19,320,784. The trade was a 69.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Gunnar Wiedenfels sold 617,580 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.25, for a total transaction of $17,446,635.00. Following the completion of the sale, the chief financial officer directly owned 691,570 shares in the company, valued at $19,536,852.50. This trade represents a 47.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,206,827 shares of company stock valued at $230,674,025 in the last ninety days. 1.90% of the stock is currently owned by insiders.
Warner Bros. Discovery Stock Down 0.8%
WBD stock opened at $27.42 on Friday. Warner Bros. Discovery, Inc. has a twelve month low of $7.52 and a twelve month high of $30.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.87. The company has a market cap of $67.95 billion, a PE ratio of 94.55 and a beta of 1.60. The business’s 50-day simple moving average is $28.05 and its 200 day simple moving average is $24.41.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The firm had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the prior year, the business posted ($0.20) EPS. Warner Bros. Discovery’s revenue was down 5.7% compared to the same quarter last year. On average, research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current 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.
See Also
Want to see what other hedge funds are holding WBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report).
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