Corient Private Wealth LLC Buys 40,872 Shares of Warner Bros. Discovery, Inc. $WBD

Corient Private Wealth LLC grew its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 15.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 298,170 shares of the company’s stock after buying an additional 40,872 shares during the period. Corient Private Wealth LLC’s holdings in Warner Bros. Discovery were worth $3,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in Warner Bros. Discovery during the first quarter valued at approximately $26,000. Financial Gravity Companies Inc. bought a new position in Warner Bros. Discovery in the 2nd quarter valued at $29,000. Trifecta Capital Advisors LLC purchased a new position in shares of Warner Bros. Discovery during the 2nd quarter valued at $34,000. Elevation Point Wealth Partners LLC bought a new position in shares of Warner Bros. Discovery in the second quarter worth $44,000. Finally, ST Germain D J Co. Inc. raised its position in shares of Warner Bros. Discovery by 4,720.5% in the second quarter. ST Germain D J Co. Inc. now owns 4,001 shares of the company’s stock worth $46,000 after buying an additional 3,918 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, September 12th. Raymond James Financial lifted their price target on Warner Bros. Discovery from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. The Goldman Sachs Group upped their price objective on shares of Warner Bros. Discovery from $13.00 to $14.75 and gave the stock a “buy” rating in a research report on Friday, November 7th. Barclays set a $20.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, October 8th. Finally, Rothschild & Co Redburn raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.22.

Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock opened at $27.77 on Monday. The stock has a market capitalization of $68.81 billion, a price-to-earnings ratio of 146.17 and a beta of 1.60. The company has a fifty day moving average of $23.39 and a 200-day moving average of $16.91. Warner Bros. Discovery, Inc. has a 52-week low of $7.52 and a 52-week high of $30.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.The business had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the prior year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

More Warner Bros. Discovery News

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

• Positive Sentiment: WBD’s board formally rejected Paramount Skydance’s hostile approach and urged shareholders to reject that offer in favor of the Netflix proposal, reinforcing management’s preferred path and lowering the chance of an unsolicited break-up at current terms. Read More.
• Positive Sentiment: Analysis shows a Netflix–Warner Bros. combination would be a strategic powerhouse (projected to eclipse Disney’s TV demand share), which supports the argument that the Netflix bid could create significant long‑term value for WBD shareholders. Read More.
• Positive Sentiment: Reports that activist/hedge fund Standard General has been approached about buying or investing in WBD’s cable networks (including CNN) raise the prospect of asset sales or minority investments that could unlock value outside a full sale. That potential monetization pathway is viewed favorably by investors. Read More.
• Neutral Sentiment: Harris Associates, a top-five WBD shareholder, said it would be “very open” to a revised Paramount offer if it is superior and fixes deal-term issues — this keeps the door open for a higher competing bid but also prolongs deal uncertainty. Read More.
• Neutral Sentiment: Market write-ups this week highlight the sudden entry of Paramount into the bidding contest and the sector‑wide reaction; broader market sentiment and rotation also influence WBD’s trading alongside deal news. Read More.
• Negative Sentiment: Paramount’s reported all‑cash $108 billion/$30‑per‑share approach escalates the takeover fight and could force protracted negotiations or a bidding war, increasing execution risk and near‑term volatility for the stock. Read More.
• Negative Sentiment: WBD has pressed for stronger assurances from the Ellison family trust (a personal guarantee) around Paramount’s financing, signaling the board’s doubts about deal certainty — that pushback could complicate or delay any deal and sustain share‑price swings. Read More.

Insider Transactions at Warner Bros. Discovery

In related news, CFO Gunnar Wiedenfels sold 242,994 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the completion of the sale, the chief financial officer directly owned 918,940 shares in the company, valued at $27,108,730. This represents a 20.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Lori C. Locke sold 4,122 shares of Warner Bros. Discovery stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total value of $119,208.24. Following the completion of the transaction, the chief accounting officer directly owned 100,962 shares in the company, valued at $2,919,821.04. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 489,326 shares of company stock valued at $12,781,456. 1.80% of the stock is currently owned by corporate insiders.

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.