OLD National Bancorp IN Has $1.54 Million Stake in Warner Bros. Discovery, Inc. $WBD

OLD National Bancorp IN reduced its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 31.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,100 shares of the company’s stock after selling 25,587 shares during the quarter. OLD National Bancorp IN’s holdings in Warner Bros. Discovery were worth $1,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss RE Ltd. bought a new stake in shares of Warner Bros. Discovery during the 4th quarter worth approximately $26,000. Fideuram Asset Management Ireland dac bought a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $29,000. MV Capital Management Inc. acquired a new position in Warner Bros. Discovery during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. lifted its stake in Warner Bros. Discovery by 81.5% during the fourth quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock worth $33,000 after purchasing an additional 521 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new stake in Warner Bros. Discovery during the third quarter worth $33,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

More Warner Bros. Discovery News

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

• Positive Sentiment: Shares rose on reports that EU regulators may be willing to approve a Paramount deal involving Warner Bros. Discovery, raising hopes that a merger could unlock value for WBD shareholders. Article Title
• Positive Sentiment: Warner Bros. Discovery’s DC strategy remains in focus after Warner Bros. Animation announced three new DC TV series, reinforcing the company’s ability to keep building its superhero content pipeline. Article Title
• Positive Sentiment: The company also teamed with AWS around the “Supergirl” release, extending DC’s reach and adding another marketing/engagement channel for the franchise. Article Title
• Neutral Sentiment: Coverage on Warner Bros. Discovery’s lifestyle merchandising strategy questioned whether it deepens the DC brand or risks diluting focus; this looks more like a strategic debate than a near-term financial catalyst. Article Title
• Neutral Sentiment: Forbes reported that Warner Bros. is likely to keep its existing PVOD release strategy for DC’s “Supergirl,” suggesting continuity rather than a major change to the film monetization approach. Article Title

Warner Bros. Discovery Trading Down 0.9%

NASDAQ WBD opened at $26.74 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92. Warner Bros. Discovery, Inc. has a twelve month low of $10.76 and a twelve month high of $30.00. The company has a market cap of $67.04 billion, a price-to-earnings ratio of -38.20 and a beta of 1.54. The business’s fifty day moving average is $26.98 and its 200 day moving average is $27.70.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results 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). The firm had revenue of $8.89 billion during the quarter, compared to analyst estimates of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.Warner Bros. Discovery’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.18) EPS. As a group, sell-side analysts expect that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WBD has been the topic of several recent analyst reports. KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. Argus reduced their price objective on 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. Weiss Ratings cut Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Wells Fargo & Company initiated coverage on shares of Warner Bros. Discovery in a report on Monday, March 9th. They issued an “equal weight” rating and a $31.00 target price for the company. Finally, UBS Group raised their price target on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $27.04.

About Warner Bros. Discovery

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.