Banco Bilbao Vizcaya Argentaria S.A. Decreases Position in Warner Bros. Discovery, Inc. $WBD

Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 971,021 shares of the company’s stock after selling 27,167 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Warner Bros. Discovery were worth $27,985,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WBD. Private Advisory Group LLC purchased a new position in Warner Bros. Discovery in the fourth quarter valued at about $3,438,000. Hauser Brothers GmbH boosted its holdings in Warner Bros. Discovery by 19.8% in the third quarter. Hauser Brothers GmbH now owns 2,877,000 shares of the company’s stock valued at $56,188,000 after purchasing an additional 476,000 shares during the last quarter. US Bancorp DE boosted its holdings in Warner Bros. Discovery by 32.7% in the third quarter. US Bancorp DE now owns 175,293 shares of the company’s stock valued at $3,423,000 after purchasing an additional 43,240 shares during the last quarter. Triad Investment Management purchased a new position in Warner Bros. Discovery in the fourth quarter valued at about $9,383,000. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in Warner Bros. Discovery by 4.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 916,705 shares of the company’s stock valued at $26,419,000 after purchasing an additional 38,105 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Down 1.4%

Shares of Warner Bros. Discovery stock opened at $26.24 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92. The business’s 50 day simple moving average is $27.07 and its 200-day simple moving average is $27.62. The stock has a market capitalization of $65.79 billion, a price-to-earnings ratio of -37.49 and a beta of 1.54. Warner Bros. Discovery, Inc. has a twelve month low of $10.27 and a twelve month high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). The company had revenue of $8.89 billion for the quarter, compared to analyst estimates of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -1.07 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on WBD. Wells Fargo & Company began coverage on Warner Bros. Discovery in a report on Monday, March 9th. They issued an “equal weight” rating and a $31.00 price target for the company. Huber Research raised Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Weiss Ratings cut Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Arete Research restated a “neutral” rating and set a $31.25 price objective on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft cut Warner Bros. Discovery from a “buy” rating to a “hold” rating and upped their price objective for the company from $29.50 to $31.00 in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Hold” and a consensus price target of $27.04.

More Warner Bros. Discovery News

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

• Positive Sentiment: Chinese regulators reportedly cleared the Paramount Skydance-Warner Bros. Discovery merger, removing another hurdle for the deal and boosting the odds that WBD shareholders receive the agreed cash value. Chinese regulators clear Paramount Skydance-Warner Bros Discovery merger, source says
• Positive Sentiment: Multiple reports say the DOJ has already approved the merger, which lowers regulatory risk and strengthens the merger-arbitrage case for WBD. Paramount Skydance wins DOJ approval for Warner Bros. Discovery merger
• Positive Sentiment: Market commentary highlights the deal as a major catalyst, noting WBD still trades below the $31 cash buyout price, leaving a potential merger-arbitrage spread for investors. Plot Twist: How the $110B Paramount-Warner Deal Rewrites Media
• Neutral Sentiment: Sector articles discussing APAC growth, local content, and broader streaming competition provide background on the media landscape, but do not appear to be a direct stock-moving catalyst for WBD today. Netflix, Prime Video, Disney and WBD on Local Content and APAC Growth
• Negative Sentiment: The stock also weakened in the latest session, with coverage pointing to WBD falling more than the broader market, reflecting ongoing investor caution despite the merger news. Here’s Why Warner Bros. Discovery (WBD) Fell More Than Broader Market

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.