Carlson Capital L.P. Takes $1.15 Million Position in Warner Bros. Discovery, Inc. $WBD

Carlson Capital L.P. acquired a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 40,000 shares of the company’s stock, valued at approximately $1,153,000. Warner Bros. Discovery comprises 0.4% of Carlson Capital L.P.’s investment portfolio, making the stock its 19th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its stake in Warner Bros. Discovery by 81.5% in the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock worth $33,000 after acquiring an additional 521 shares during the last quarter. TOWER TRUST & INVESTMENT Co raised its stake in Warner Bros. Discovery by 4,730.8% in the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock worth $36,000 after acquiring an additional 1,230 shares during the last quarter. Concord Wealth Partners raised its stake in Warner Bros. Discovery by 49.9% in the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after acquiring an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in Warner Bros. Discovery by 152.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after acquiring an additional 847 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its stake in Warner Bros. Discovery by 226.1% in the 4th quarter. Richardson Financial Services Inc. now owns 1,647 shares of the company’s stock worth $47,000 after acquiring an additional 1,142 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

NASDAQ WBD opened at $27.11 on Friday. The stock has a 50-day simple moving average of $27.48 and a two-hundred day simple moving average of $26.66. The firm has a market capitalization of $67.96 billion, a P/E ratio of -38.73 and a beta of 1.57. Warner Bros. Discovery, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $30.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.06 and a current ratio of 0.73.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data 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 analysts’ expectations of $8.89 billion. Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.18) EPS. On average, equities analysts forecast that Warner Bros. Discovery, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, CEO David Zaslav sold 4,004,149 shares of Warner Bros. Discovery stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $28.26, for a total transaction of $113,157,250.74. Following the completion of the transaction, the chief executive officer owned 7,200,627 shares in the company, valued at approximately $203,489,719.02. This trade represents a 35.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Gunnar Wiedenfels sold 617,580 shares of Warner Bros. Discovery stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $28.25, for a total value of $17,446,635.00. Following the transaction, the chief financial officer owned 691,570 shares of the company’s stock, valued at $19,536,852.50. The trade was a 47.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 8,206,827 shares of company stock worth $230,674,025. Insiders own 1.90% of the company’s stock.

Key Stories Impacting Warner Bros. Discovery

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

• Positive Sentiment: Streaming remains a bright spot, with Warner Bros. Discovery topping 140 million subscribers and management highlighting strong momentum in its direct-to-consumer business. Warner Bros. Discovery Earnings Call Highlights Streaming Surge
• Positive Sentiment: HBO Max was described by David Zaslav as likely the company’s “most important asset,” reinforcing the value of WBD’s streaming platform as a key long-term driver. David Zaslav Says HBO Max Is “Probably” Warner Bros. Discovery’s “Most Important Asset”
• Neutral Sentiment: Warner Bros. TV announced special podcast episodes for The Pitt, a small content-related update that may help engagement but is unlikely to materially move the stock. Warner Bros TV Announces Special Podcast Episodes For “The Pitt”
• Neutral Sentiment: Guggenheim reiterated a neutral rating, signaling analysts are waiting for clearer evidence that earnings and the strategic outlook are improving. Guggenheim Reaffirms Neutral Rating on Warner Bros. Discovery
• Negative Sentiment: Q1 results missed expectations, with WBD posting a $1.17 per-share loss versus a much smaller expected loss, while revenue came in just below estimates and declined year over year. Warner Bros. Discovery reports Q1 CY2026 in line with expectations
• Negative Sentiment: The quarter was heavily burdened by a $2.8 billion Netflix termination fee and restructuring costs, which drove a roughly $2.9 billion net loss and overshadowed operational progress. Warner Bros. Discovery posts wider Q1 loss driven by $2.8B Netflix termination fee
• Negative Sentiment: Media coverage focused on the large loss and weaker-than-expected results, reinforcing concerns that near-term earnings are still being weighed down by one-time and integration-related charges. Warner Bros. Discovery Logs $2.92 Billion Loss Tied to Netflix Termination Fee

Wall Street Analyst Weigh In

WBD has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on Warner Bros. Discovery in a research note on Monday, March 9th. They issued an “equal weight” rating and a $31.00 target price for the company. Argus reduced their target price on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Huber Research lowered Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 27th. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a research note on Thursday. Finally, Sanford C. Bernstein raised their target price on Warner Bros. Discovery from $23.50 to $27.75 and gave the stock a “market perform” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.36.

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.