Sendero Wealth Management LLC Sells 171,032 Shares of Warner Bros. Discovery, Inc. $WBD

Sendero Wealth Management LLC cut its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 37.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 285,713 shares of the company’s stock after selling 171,032 shares during the quarter. Warner Bros. Discovery comprises approximately 0.9% of Sendero Wealth Management LLC’s holdings, making the stock its 19th largest position. Sendero Wealth Management LLC’s holdings in Warner Bros. Discovery were worth $8,234,000 at the end of the most recent quarter.

Several other hedge funds 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 purchasing an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings 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 worth $27,000 after purchasing an additional 847 shares in the last quarter. Grove Bank & Trust increased its position in 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 buying an additional 675 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Warner Bros. Discovery during the third quarter worth $33,000. Finally, Crews Bank & Trust raised its holdings in Warner Bros. Discovery by 1,242.2% during 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 in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: WBD announced a Special Meeting for shareholders on April 23, 2026 to vote on the Paramount Skydance merger and has begun mailing the definitive proxy; the board unanimously recommends shareholders vote FOR — this reduces timing uncertainty and makes a clear path to closing more likely. Warner Bros. Discovery Sets Shareholder Meeting Date of April 23, 2026 to Approve Transaction with Paramount Skydance
• Positive Sentiment: Company PR emphasizes an all-cash transaction with a clear path to close and a unanimous board recommendation — favorable for shareholders who prioritize deal certainty and cash consideration. Warner Bros. Discovery Sets Shareholder Meeting Date of April 23, 2026 to Approve Transaction with Paramount Skydance
• Neutral Sentiment: Multiple outlets (WSJ/Reuters/Hollywood Reporter/MSN) reported the $110B deal and the scheduled shareholder vote — these confirm market expectations and provide media coverage but add no new concessions or terms. Warner Bros shareholders to vote on $110 billion Paramount deal on April 23, WSJ reports
• Negative Sentiment: Los Angeles County supervisors voted to conduct an economic analysis of the proposed merger (interim report due in 60 days, final in 120 days), signaling local-government scrutiny that could complicate public perception and invite more regulatory attention. Los Angeles County Board of Supervisors Greenlights Economic Analysis of Paramount-WBD Merger
• Negative Sentiment: Netflix reportedly walked away from earlier talks to acquire WBD, removing an alternative strategic bidder; that lessens the chance of a competing bid that might have pushed the takeover price higher. Netflix Ends Warner Deal Talks To Focus On Core Growth Choices

Wall Street Analysts Forecast Growth

WBD has been the subject of a number of analyst reports. Raymond James Financial reaffirmed an “underperform” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Sanford C. Bernstein raised their price objective on Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. Argus decreased their target price on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Barrington Research downgraded Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a report on Friday, December 5th. Finally, Huber Research lowered shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.30.

Warner Bros. Discovery Trading Down 0.6%

Warner Bros. Discovery stock opened at $27.07 on Friday. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $30.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $67.13 billion, a PE ratio of 93.35 and a beta of 1.60. The business’s 50-day simple moving average is $27.94 and its 200-day simple moving average is $24.74.

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

Insider Activity at Warner Bros. Discovery

In related news, CEO David Zaslav sold 4,004,149 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.26, for a total transaction of $113,157,250.74. Following the transaction, the chief executive officer owned 7,200,627 shares of the company’s stock, valued at approximately $203,489,719.02. The trade was a 35.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gerhard Zeiler sold 600,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total transaction of $16,812,000.00. Following the transaction, the insider owned 672,649 shares of the company’s stock, valued at approximately $18,847,624.98. The trade was a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 8,206,827 shares of company stock valued at $230,674,025. 1.90% of the stock is owned by corporate insiders.

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.