Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 577,099 shares of the company’s stock after buying an additional 46,823 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Warner Bros. Discovery were worth $16,632,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Concord Wealth Partners lifted its holdings in Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the period. Physician Wealth Advisors Inc. lifted 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 during the period. JPL Wealth Management LLC acquired a new stake in Warner Bros. Discovery in the third quarter worth about $33,000. Crews Bank & Trust lifted its holdings in Warner Bros. Discovery by 1,242.2% in the third 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 period. Finally, TOWER TRUST & INVESTMENT Co lifted its holdings in Warner Bros. Discovery by 4,730.8% in the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock worth $36,000 after purchasing an additional 1,230 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.
Key Warner Bros. Discovery News
Here are the key news stories impacting Warner Bros. Discovery this week:
- Positive Sentiment: WBD locked in long-term sports content with an extension of Giro d’Italia rights, supporting steady recurring distribution and ad/subscription revenue opportunities. WBD extends Giro d’Italia rights
- Neutral Sentiment: Shareholders are set to vote imminently on Paramount’s aggressive acquisition offer — the outcome is binary and will materially revalue WBD, but until the vote result is known it fuels uncertainty rather than clear upside or downside. Warner Bros. Discovery’s shareholders to vote on Paramount’s offer tomorrow
- Neutral Sentiment: Analysts and investors are focused on upcoming earnings guidance and subscriber metrics; previews emphasize interest in margins, streaming trends and whether recent initiatives move the needle. Expect short-term price moves around the report. Warner Bros. Discovery earnings preview: What to expect
- Neutral Sentiment: WBD is rolling out customer-facing experiences (e.g., branded attractions) and direct-to-consumer plays aimed at boosting engagement—positive strategically but with unclear immediate financial impact. Warner Bros. makes a bold play for customers
- Negative Sentiment: Protests and organized opposition have surfaced ahead of the shareholder vote, increasing the risk of delays, litigation or a narrower approval margin — heightening near-term volatility. Flurry Of Protests As WBD Shareholders Set To Vote On Paramount Merger
- Negative Sentiment: Reports that Netflix is quietly trying to block or influence the deal add another layer of risk and potential deal friction, which could reduce deal certainty and pressure the stock. Netflix reportedly quietly interfering with Warner Bros.-Paramount merger
- Negative Sentiment: Coverage about executive payouts and leadership exits tied to a potential sale (including reported big payouts) may stoke governance concerns among some investors. Inside David Zaslav’s $500 million Warner Bros exit after Paramount sale
Warner Bros. Discovery Price Performance
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). The business had revenue of $9.46 billion during the quarter, compared to analyst estimates 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 was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) earnings per share. As a group, analysts expect that Warner Bros. Discovery, Inc. will post -0.1 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on WBD shares. TD Cowen upped their price objective on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, February 27th. Sanford C. Bernstein upped their price objective on shares of Warner Bros. Discovery from $23.50 to $27.75 and gave the stock a “market perform” rating in a report on Tuesday, February 24th. Wells Fargo & Company started coverage on shares of Warner Bros. Discovery in a report on Monday, March 9th. They issued an “equal weight” rating and a $31.00 price objective for the company. Argus reduced their price objective on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, Arete Research reissued a “neutral” rating and issued a $31.25 price target on shares of Warner Bros. Discovery in a report on Friday, February 27th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.30.
View Our Latest Report on Warner Bros. Discovery
Insider Activity
In other Warner Bros. Discovery news, insider Gerhard Zeiler sold 600,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.02, for a total transaction of $16,812,000.00. Following the sale, the insider owned 672,649 shares in the company, valued at approximately $18,847,624.98. The trade was a 47.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gunnar Wiedenfels sold 374,323 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.05, for a total value of $10,499,760.15. Following the sale, the chief financial officer owned 663,380 shares in the company, valued at approximately $18,607,809. The trade was a 36.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 8,206,827 shares of company stock worth $230,674,025. 1.90% of the stock is owned by company insiders.
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.
Further Reading
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