First Trust Advisors LP Has $49.92 Million Position in Warner Bros. Discovery, Inc. $WBD

First Trust Advisors LP cut its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 25.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,817,970 shares of the company’s stock after selling 605,993 shares during the period. First Trust Advisors LP’s holdings in Warner Bros. Discovery were worth $49,921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WBD. Swiss RE Ltd. bought a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at about $26,000. Fideuram Asset Management Ireland dac bought a new stake in Warner Bros. Discovery in the fourth quarter worth approximately $29,000. MV Capital Management Inc. bought a new stake in Warner Bros. Discovery in the fourth quarter worth approximately $30,000. Rakuten Securities Inc. lifted its stake in Warner Bros. Discovery by 81.5% in the fourth quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock valued at $33,000 after buying an additional 521 shares during the period. Finally, TOWER TRUST & INVESTMENT Co boosted its holdings in shares of Warner Bros. Discovery by 4,730.8% during the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock worth $36,000 after buying an additional 1,230 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Key Warner Bros. Discovery News

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

• Positive Sentiment: Warner Bros. Discovery is expected to report second-quarter 2026 results on August 6, giving investors a new near-term catalyst to assess business performance. Warner Bros. Discovery to Report Second Quarter 2026 Results on Thursday, August 6
• Neutral Sentiment: Paramount has reportedly secured EU approval for the merger, reducing one hurdle even as U.S. regulators and courts continue to review the deal. Paramount’s Takeover Of Warner Bros. Discovery Gets EU Greenlight
• Negative Sentiment: A federal judge has extended the pause on the Paramount-Warner Bros. Discovery deal through at least August 17, increasing uncertainty around the transaction. Paramount-Warner-Bros deal paused through August 17, judge rules
• Negative Sentiment: Reports say Paramount may push the closing date out to as late as June 2027 while it fights state lawsuits, and could face large daily fees if the merger does not close on time. Paramount agrees to pause $110B Warner Bros. deal while states’ lawsuit plays out

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Seaport Research Partners lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a research note on Monday. UBS Group raised their price target on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Warner Bros. Discovery in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.04.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD opened at $25.77 on Monday. Warner Bros. Discovery, Inc. has a fifty-two week low of $10.76 and a fifty-two week high of $30.00. The stock has a market cap of $64.61 billion, a price-to-earnings ratio of -36.81 and a beta of 1.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. The firm’s 50-day simple moving average is $26.72 and its 200 day simple moving average is $27.38.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) EPS 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 the consensus estimate 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 business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.18) earnings per share. As a group, research analysts anticipate that Warner Bros. Discovery, Inc. will post -1.07 earnings per share for the current fiscal 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.