Strs Ohio Sells 372,501 Shares of Warner Bros. Discovery, Inc. $WBD

Strs Ohio cut its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 33.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 726,192 shares of the company’s stock after selling 372,501 shares during the period. Strs Ohio’s holdings in Warner Bros. Discovery were worth $20,929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Concord Wealth Partners boosted its stake in Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake 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 valued at $27,000 after acquiring an additional 847 shares during the last quarter. Rakuten Securities Inc. boosted its stake in Warner Bros. Discovery by 81.5% in the fourth quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock valued at $33,000 after acquiring an additional 521 shares during the last quarter. JPL Wealth Management LLC bought a new position in Warner Bros. Discovery in the third quarter valued at approximately $33,000. Finally, Crews Bank & Trust boosted its stake 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 valued at $34,000 after acquiring an additional 1,590 shares during the last quarter. 59.95% of the stock is owned by institutional investors.

Insider Activity at Warner Bros. Discovery

In other news, Director Paul A. Gould sold 600,000 shares of Warner Bros. Discovery stock in a transaction on Monday, March 16th. The shares were sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the transaction, the director directly owned 244,357 shares of the company’s stock, valued at $6,683,163.95. This trade represents a 71.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gunnar Wiedenfels sold 617,580 shares of Warner Bros. Discovery stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $28.25, for a total transaction of $17,446,635.00. Following the transaction, the chief financial officer directly owned 691,570 shares in the company, valued at approximately $19,536,852.50. This represents a 47.17% 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.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD opened at $26.97 on Monday. The company’s fifty day moving average is $27.59 and its 200-day moving average is $26.47. The stock has a market cap of $67.61 billion, a price-to-earnings ratio of 93.00 and a beta of 1.57. Warner Bros. Discovery, Inc. has a twelve month low of $8.06 and a twelve month high of $30.00. 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 (NASDAQ:WBD) last announced 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 firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.20) earnings per share. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -0.1 EPS for the current year.

Warner Bros. Discovery News Summary

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

• Positive Sentiment: Morgan Stanley framed the Paramount–Skydance–Warner combination as “big, bold, and game-changing,” implying material strategic and value upside if the deal clears and assets are reweighted successfully. Paramount Skydance, Warner Bros. merger a ‘big, bold, and game-changing move’—Morgan Stanley
• Positive Sentiment: Warner Bros. Discovery renewed CFO Gunnar Wiedenfels’s contract through April 2028 — a governance/stability signal that may reassure investors about execution on finance, integration and deal-related accounting. Warner Bros. Discovery Finance Chief Gunnar Wiedenfels Gets New Contract
• Neutral Sentiment: Analysts maintain an average “Hold” on WBD, reflecting mixed views — upside tied to deal completion, downside tied to regulatory and execution risk. This keeps near-term analyst pressure balanced. Warner Bros. Discovery, Inc. (NASDAQ:WBD) Given Average Rating of “Hold” by Analysts
• Neutral Sentiment: A recent valuation check highlights a disconnect between market signal and cash-flow estimates — useful framing for long-term investors but not an immediate catalyst absent changes to guidance or deal terms. Warner Bros. Discovery (WBD) Valuation Check As Market Signals Clash With Cash Flow Estimates
• Negative Sentiment: Consumer plaintiffs filed an antitrust and “viewpoint diversity” suit seeking to block the merger, a direct regulatory/legal threat that increases the probability of delays, divestitures or deal rejection. Save CNN: Paramount Hit With Antitrust & “Viewpoint Diversity” Suit By Consumers To Stop WBD Merger; Company Responds
• Negative Sentiment: Coverage of CEO David Zaslav’s compensation tripling to $165M and critical reporting about his role in the proposed sale raise governance and optics concerns that could weigh on sentiment and invite investor scrutiny. Warner Bros. CEO’s pay package triples to $165M
• Negative Sentiment: Critical commentary and reporting (NY Post, Vulture) question management incentives and outline legal/competitive obstacles to the merger, amplifying reputational risk and potential regulatory pushback. David Zaslav isn’t just making himself rich selling Warner to Paramount — ask his employees

Analysts Set New Price Targets

WBD has been the topic of a number of recent research reports. Moffett Nathanson raised shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. Raymond James Financial reaffirmed an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Argus reduced their price objective on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft cut shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating and raised their price objective for the company from $29.50 to $31.00 in a research note on Friday, February 27th. Finally, Sanford C. Bernstein raised their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.30.

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.