First Horizon Corp Acquires Shares of 22,095 Warner Bros. Discovery, Inc. $WBD

First Horizon Corp bought a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,095 shares of the company’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Warner Bros. Discovery by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 262,477,555 shares of the company’s stock worth $3,007,993,000 after purchasing an additional 5,657,524 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Warner Bros. Discovery by 0.9% during the second quarter. Geode Capital Management LLC now owns 60,091,463 shares of the company’s stock valued at $685,798,000 after buying an additional 551,548 shares during the last quarter. Invesco Ltd. grew its holdings in Warner Bros. Discovery by 2.8% during the second quarter. Invesco Ltd. now owns 44,574,492 shares of the company’s stock worth $510,824,000 after buying an additional 1,233,195 shares in the last quarter. Norges Bank purchased a new stake in Warner Bros. Discovery in the 2nd quarter valued at $306,848,000. Finally, Pacer Advisors Inc. raised its position in Warner Bros. Discovery by 4,639.8% in the 3rd quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company’s stock valued at $445,066,000 after buying an additional 22,308,046 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, CFO Gunnar Wiedenfels sold 242,994 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the completion of the transaction, the chief financial officer owned 918,940 shares in the company, valued at $27,108,730. This trade represents a 20.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lori C. Locke sold 4,122 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $28.92, for a total transaction of $119,208.24. Following the completion of the sale, the chief accounting officer directly owned 100,962 shares in the company, valued at approximately $2,919,821.04. This trade represents a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 489,326 shares of company stock worth $12,781,456 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: Netflix is reportedly considering converting its $82.7bn cash-and-stock offer into an all-cash bid for Warner Bros. Discovery’s studios and streaming assets — a move that would raise deal certainty and liquidity for shareholders. Netflix Considers Shifting Deal For Warner Bros. To All Cash – Report
• Positive Sentiment: Reporting from major outlets confirms Netflix is preparing to make its bid all-cash, reinforcing the market’s view that a cleaner, cash-heavy transaction is being negotiated. Netflix Preparing to Make Warner Bid All-Cash
• Positive Sentiment: Paramount Skydance’s hostile $30/share all-cash bid remains on the table — that competing cash offer puts upward pressure on WBD’s market value by creating a potential alternative that could force a higher price. Netflix weighs amending Warner Bros bid to make it all cash, Bloomberg News reports
• Neutral Sentiment: Warner Bros. Discovery is publicly dismissing Paramount/Skydance “gimmicks” while seeking a sweetened bid — suggests the board is actively managing auction dynamics but outcome/timing remain uncertain. Warner Bros. Discovery mocks Paramount Skydance’s merger ‘gimmicks’ as it seeks sweetened bid: sources
• Neutral Sentiment: Media commentary is framing the fight as significant for industry structure but mixed for shareholders — focus is on regulatory, creative and operational implications rather than immediate cash flows. Does it really matter who ends up owning Warner Bros.? Media exec Tom Rogers breaks it down
• Negative Sentiment: Paramount has escalated with lawsuits seeking detailed financial disclosures and has launched a proxy fight to nominate directors — litigation and governance battles increase deal risk, could delay a transaction and raise legal/transaction costs. Paramount to nominate directors for election at Warner Bros Discovery, files lawsuit
• Negative Sentiment: Multiple filings and suits (Paramount/Skydance, David Ellison) accuse WBD’s board of withholding information and misleading shareholders — stewardship/legal uncertainty could weigh on the stock if it derails or dilutes the terms of any deal. Paramount Sues WBD For Details Around Sale, Plans Proxy Fight As It Escalates Battle To Derail Netflix Deal

Warner Bros. Discovery Trading Up 1.6%

Shares of WBD stock opened at $28.86 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.90. The firm has a market cap of $71.51 billion, a P/E ratio of 151.90 and a beta of 1.56. The company has a 50 day moving average of $26.28 and a 200-day moving average of $19.10. 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 announced its quarterly earnings data 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). The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $9.17 billion. Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. Warner Bros. Discovery’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WBD shares. Redburn Partners set a $28.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, October 30th. Barclays set a $20.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, October 8th. Singular Research upgraded shares of Warner Bros. Discovery to a “moderate buy” rating in a research note on Wednesday, October 22nd. Seaport Global Securities boosted their target price on Warner Bros. Discovery from $15.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, The Goldman Sachs Group increased their price target on Warner Bros. Discovery from $13.00 to $14.75 and gave the company a “buy” rating in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Warner Bros. Discovery has an average rating of “Moderate Buy” and an average price target of $23.85.

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.