PNC Financial Services Group Inc. Has $9.77 Million Holdings in Warner Bros. Discovery, Inc. $WBD

PNC Financial Services Group Inc. grew its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 500,197 shares of the company’s stock after buying an additional 27,620 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Warner Bros. Discovery were worth $9,769,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC lifted its position in shares of Warner Bros. Discovery by 26.2% in the 3rd quarter. HighTower Advisors LLC now owns 282,509 shares of the company’s stock valued at $5,517,000 after acquiring an additional 58,736 shares in the last quarter. Aberdeen Group plc raised its stake in Warner Bros. Discovery by 12.1% during the 3rd quarter. Aberdeen Group plc now owns 1,782,031 shares of the company’s stock valued at $34,803,000 after purchasing an additional 192,774 shares during the period. Cidel Asset Management Inc. lifted its holdings in shares of Warner Bros. Discovery by 15.6% in the third quarter. Cidel Asset Management Inc. now owns 42,772 shares of the company’s stock valued at $835,000 after purchasing an additional 5,762 shares in the last quarter. Hi Line Capital Management LLC boosted its position in shares of Warner Bros. Discovery by 2.8% in the third quarter. Hi Line Capital Management LLC now owns 611,598 shares of the company’s stock worth $11,945,000 after buying an additional 16,744 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Warner Bros. Discovery during the third quarter valued at $145,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WBD shares. Argus increased their price objective on Warner Bros. Discovery from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. TD Cowen increased their price target on shares of Warner Bros. Discovery from $14.00 to $22.00 in a research report on Friday, November 7th. The Goldman Sachs Group raised their price target on shares of Warner Bros. Discovery from $13.00 to $14.75 and gave the stock a “buy” rating in a report on Friday, November 7th. Weiss Ratings lowered shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 5th. Finally, Sanford C. Bernstein lifted their target price on shares of Warner Bros. Discovery from $16.00 to $23.50 in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.09.

Insider Activity

In related news, CAO Lori C. Locke sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $27.62, for a total value of $138,100.00. Following the completion of the sale, the chief accounting officer directly owned 110,084 shares in the company, valued at approximately $3,040,520.08. The trade was a 4.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total value of $7,168,323.00. Following the transaction, the chief financial officer owned 918,940 shares in the company, valued at approximately $27,108,730. This trade represents a 20.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 267,116 shares of company stock worth $7,781,731. Corporate insiders own 1.90% of the company’s stock.

Warner Bros. Discovery Price Performance

NASDAQ WBD opened at $28.79 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $71.34 billion, a PE ratio of 151.53 and a beta of 1.64. Warner Bros. Discovery, Inc. has a 12-month low of $7.52 and a 12-month high of $30.00. The company has a 50 day moving average price of $28.38 and a two-hundred day moving average price of $21.91.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: WBD has asked Paramount Skydance for a “best and final” offer, reopening the possibility of a bidding contest that could lift the takeover price and provide upside for shareholders. Warner Bros Seeks Paramount’s “Best and Final Offer,” Upside Ahead?
• Positive Sentiment: Paramount has indicated it could raise its cash offer (reports suggest $31+ per share), and Netflix has granted a short waiver — both actions increase the chance of a higher headline price or matching bids. Warner Reopens Talks With Paramount After Sweetened Offer
• Neutral Sentiment: WBD set a special shareholder meeting for March 20 and continues to recommend voting in favor of the Netflix transaction — a procedural step that keeps the Netflix deal as the baseline value for the company. Warner Bros. Discovery gives Paramount one week to present its ‘best and final’ offer
• Neutral Sentiment: Exhibitors remain cautious: Cinemark’s CEO said theater chains are “apprehensive” and want firmer commitments from Netflix on theatrical windows — this matters for regulatory optics and the valuation of theatrical rights. In Warner Merger Battle, Netflix Needs To Take “More Action” To Prove It Loves Movie Theaters, Cinemark CEO Says
• Negative Sentiment: The U.S. DOJ has begun private meetings with major theater chains to probe how a Warner sale would affect theaters — a regulatory risk that could complicate or slow approval of any transaction. US DOJ probes Warner Bros’ planned sale impact on theaters, Bloomberg News reports
• Negative Sentiment: Rothschild & Co Redburn downgraded WBD from Buy to Hold (now $31 PT), signaling more cautious analyst sentiment despite deal activity. Warner-Bros-downgraded-to-Neutral-from-Buy-at-Rothschild-&-Co-Redburn
• Negative Sentiment: Consensus analyst price target (~$24.94) sits below the current market level, and WBD warned of employee attrition risk if Paramount’s offer proceeds — both represent downside and execution risks. Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives $24.94 Consensus PT from Analysts Warner Bros. Discovery says it’s worried employees will quit if it picks Paramount’s offer

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.