Warner Bros. Discovery, Inc. $WBD Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lowered its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 40.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,826,825 shares of the company’s stock after selling 1,890,825 shares during the quarter. Warner Bros. Discovery comprises approximately 1.2% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Clarkston Capital Partners LLC’s holdings in Warner Bros. Discovery were worth $55,208,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WBD. TriaGen Wealth Management LLC acquired a new position in Warner Bros. Discovery during the 3rd quarter valued at about $443,000. Penserra Capital Management LLC lifted its stake in shares of Warner Bros. Discovery by 29,882.6% in the 2nd quarter. Penserra Capital Management LLC now owns 62,064 shares of the company’s stock worth $710,000 after acquiring an additional 61,857 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Warner Bros. Discovery by 7.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 19,463,234 shares of the company’s stock worth $223,049,000 after acquiring an additional 1,333,005 shares during the period. Swedbank AB lifted its stake in shares of Warner Bros. Discovery by 3.7% in the 3rd quarter. Swedbank AB now owns 1,065,445 shares of the company’s stock worth $20,808,000 after acquiring an additional 37,986 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Warner Bros. Discovery by 1.0% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,572,301 shares of the company’s stock valued at $18,019,000 after acquiring an additional 16,006 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Price Performance

WBD opened at $27.93 on Monday. The firm has a market capitalization of $69.21 billion, a P/E ratio of 96.31 and a beta of 1.60. The stock has a fifty day moving average of $28.27 and a 200-day moving average of $23.39. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.87. Warner Bros. Discovery, Inc. has a 12-month low of $7.52 and a 12-month high of $30.00.

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

More Warner Bros. Discovery News

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

• Positive Sentiment: Paramount/Skydance agreed to buy WBD assets in a deal that could deliver a takeover premium and simplify WBD’s portfolio — this is the primary bullish catalyst for shareholders. Read More.
• Positive Sentiment: Buyer leadership (David Ellison/Paramount/Skydance) publicly pledges to keep CNN independent, reducing regulatory and integration risk that might otherwise erode deal value. Read More.
• Positive Sentiment: Analysts and M&A presentations are framing the transaction as a strategic reset that could unlock value for WBD shareholders (materials outline bidder dynamics and potential synergies). Read More.
• Neutral Sentiment: Netflix has stepped back from the WBD bidding war and is refocusing on core streaming strategy — removes one potential suitor but also leaves bidders like Paramount to set the deal terms. Read More.
• Neutral Sentiment: Coverage notes Netflix received cash from its failed WBD bid and may redeploy capital elsewhere; this is relevant to the competitive landscape but not directly to WBD’s valuation. Read More.
• Neutral Sentiment: Third-party market activity (reports of investors buying Netflix bonds and other opportunistic moves) reflects investor jockeying around the media deal but is peripheral to WBD’s fundamentals. Read More.
• Negative Sentiment: Large, coordinated insider selling reported this week (CEO David Zaslav sold ~4.0M shares; CFO and other senior execs also sold large blocks) — big disposals can pressure sentiment and suggest insiders are taking liquidity or reducing exposure ahead of/after deal activity. Read More.
• Negative Sentiment: Additional insider sales (e.g., Amy Girdwood) and multiple large Form 4s amplify the selling signal and may trigger short-term profit-taking. Read More.
• Negative Sentiment: Analyst pressure: Moffett Nathanson downgraded WBD to neutral (maintains $31 target) and Argus published a pessimistic forecast — bearish notes can cap the stock’s near-term upside and encourage selling. Read More. • Read More.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WBD shares. Morgan Stanley set a $29.00 price target on Warner Bros. Discovery in a research report on Thursday, December 18th. Sanford C. Bernstein upped their price objective on Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a report on Tuesday, February 24th. Moffett Nathanson cut Warner Bros. Discovery from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research note on Friday. Huber Research lowered Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating and boosted their price target for the stock from $29.50 to $31.00 in a research report on Friday, February 27th. Five analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Hold” and a consensus price target of $25.99.

Insider Buying and Selling

In other Warner Bros. Discovery news, insider Bruce Campbell sold 1,580,331 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.00, for a total value of $44,249,268.00. Following the transaction, the insider directly owned 690,028 shares of the company’s stock, valued at $19,320,784. This represents a 69.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Zaslav sold 4,004,149 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $28.26, for a total value of $113,157,250.74. Following the sale, the chief executive officer directly owned 7,200,627 shares of the company’s stock, valued at $203,489,719.02. This trade represents a 35.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 7,777,159 shares of company stock worth $219,427,326. Insiders own 1.80% of the company’s stock.

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.