Pinkerton Wealth LLC Acquires 159,269 Shares of Warner Bros. Discovery, Inc. $WBD

Pinkerton Wealth LLC lifted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 1,060.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,293 shares of the company’s stock after acquiring an additional 159,269 shares during the period. Pinkerton Wealth LLC’s holdings in Warner Bros. Discovery were worth $5,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. JFS Wealth Advisors LLC increased its position in shares of Warner Bros. Discovery by 12.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 3,425 shares of the company’s stock worth $99,000 after acquiring an additional 378 shares in the last quarter. Salomon & Ludwin LLC increased its position in shares of Warner Bros. Discovery by 20.2% during the fourth quarter. Salomon & Ludwin LLC now owns 2,494 shares of the company’s stock worth $71,000 after acquiring an additional 419 shares in the last quarter. Optas LLC increased its position in shares of Warner Bros. Discovery by 3.0% during the fourth quarter. Optas LLC now owns 15,120 shares of the company’s stock worth $436,000 after acquiring an additional 435 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Warner Bros. Discovery by 7.7% during the fourth quarter. Armstrong Advisory Group Inc. now owns 6,095 shares of the company’s stock worth $176,000 after acquiring an additional 436 shares in the last quarter. Finally, Concord Wealth Partners increased its position in shares of Warner Bros. Discovery by 49.9% during the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after acquiring an additional 440 shares in the last quarter. 59.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Gerhard Zeiler sold 600,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 672,649 shares of the company’s stock, valued at $18,847,624.98. This represents a 47.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gunnar Wiedenfels sold 374,323 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $28.05, for a total transaction of $10,499,760.15. Following the transaction, the chief financial officer directly owned 663,380 shares of the company’s stock, valued at $18,607,809. This represents a 36.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,206,827 shares of company stock worth $230,674,025 in the last ninety days. 1.90% of the stock is owned by corporate insiders.

Key Warner Bros. Discovery News

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

• Positive Sentiment: Paul Tudor Jones’ hedge fund reportedly bought 7 million shares of Warner Bros. Discovery, a bullish signal that may be helping reinforce the case for a recovery in WBD shares. Article Title
• Positive Sentiment: Reports say Paramount wants to finalize its deal for Warner Bros. Discovery as early as July, suggesting the merger process could be moving faster than expected and fueling takeover speculation. Article Title
• Positive Sentiment: Wall Street banks are launching a loan sale to refinance Warner Bros.’ bridge facility, which could ease near-term financing pressure and support the company’s capital structure. Article Title
• Neutral Sentiment: Warner Bros. Discovery announced consent solicitations for amendments to certain debt indentures, a routine restructuring step that appears aimed at supporting financing flexibility rather than changing the core business outlook. Article Title
• Negative Sentiment: Credit-ratings commentary tied to the Paramount/Warner Bros. merger raised concerns about debt quality, and an S&P downgrade tied to the transaction underscores the risk that the deal could pressure financing metrics. Article Title

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Moffett Nathanson raised shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Zacks Research downgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. UBS Group boosted their target price on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating and upped their price objective for the stock from $29.50 to $31.00 in a research report on Friday, February 27th. Finally, Weiss Ratings downgraded shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of “Hold” and a consensus price target of $26.36.

Warner Bros. Discovery Trading Up 1.2%

Shares of WBD stock opened at $27.42 on Thursday. Warner Bros. Discovery, Inc. has a 52-week low of $8.83 and a 52-week high of $30.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. The company has a 50-day simple moving average of $27.29 and a two-hundred day simple moving average of $27.06. The company has a market capitalization of $68.75 billion, a price-to-earnings ratio of -39.17 and a beta of 1.57.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The firm had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. During the same period in the previous year, the company posted ($0.18) earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts anticipate that Warner Bros. Discovery, Inc. will post -0.71 EPS for the current fiscal year.

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.