Allstate Corp Invests $1.67 Million in Warner Bros. Discovery, Inc. $WBD

Allstate Corp bought a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 85,334 shares of the company’s stock, valued at approximately $1,667,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. TriaGen Wealth Management LLC bought a new position in Warner Bros. Discovery in the 3rd quarter worth approximately $443,000. Bfsg LLC boosted its position in shares of Warner Bros. Discovery by 11.2% during the second quarter. Bfsg LLC now owns 156,906 shares of the company’s stock valued at $1,798,000 after buying an additional 15,786 shares during the period. Penserra Capital Management LLC grew its holdings in shares of Warner Bros. Discovery by 29,882.6% in the second quarter. Penserra Capital Management LLC now owns 62,064 shares of the company’s stock worth $710,000 after purchasing an additional 61,857 shares during the last quarter. Country Club Bank grew its position in shares of Warner Bros. Discovery by 54.3% during the 2nd quarter. Country Club Bank now owns 502,878 shares of the company’s stock worth $5,683,000 after buying an additional 176,994 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Warner Bros. Discovery by 7.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 19,463,234 shares of the company’s stock valued at $223,049,000 after purchasing an additional 1,333,005 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

More Warner Bros. Discovery News

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

• Positive Sentiment: WBD board backs amended all‑cash Netflix bid, which increases deal certainty and shortens the path to closing — reducing execution risk for the sale of studios/HBO streaming assets. Reuters: Netflix submits amended all-cash offer for Warner Bros, wins board support
• Neutral Sentiment: The amended deal is an all‑cash offer valuing the assets at roughly $27.75 per WBD share (the aggregate purchase figure is widely reported around $82.7B). Netflix and WBD say Discovery Global is excluded; WBD also disclosed financial detail on its soon‑to‑be spun cable networks, which clarifies the break‑up value but doesn’t change the transaction price. Variety: Netflix Upgrades Warner Bros. Deal to All Cash; Shareholders to Vote
• Neutral Sentiment: Netflix executives are actively promoting the deal around the company’s Q4 earnings, making the takeover a focal point of investor calls — Netflix’s results and tone could shift market sentiment around the transaction. Deadline: Netflix Execs Keep Stumping For Warner Bros. Deal
• Negative Sentiment: Macro risk‑off flows tied to headlines ahead of President Trump’s Davos appearance pushed major indices sharply lower, amplifying declines in media and tech stocks and contributing to WBD’s drop despite deal news. Zacks: Markets Switch to “Risk-Off” Ahead of Trump at Davos
• Negative Sentiment: The all‑cash $27.75/share fixes the sale price and may cap upside for WBD holders who hoped for a higher negotiated outcome; reports that Netflix’s stock and financing considerations remain under pressure could influence perceptions of deal financing and timing. NYPost: Why Netflix’s revised all-cash-bid for WBD might not be good for shareholders

Insider Buying and Selling at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 242,994 shares of the business’s 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 transaction, the chief financial officer directly owned 918,940 shares in the company, valued at $27,108,730. The trade was a 20.91% decrease in their ownership of the stock. 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 the firm’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 value of $119,208.24. Following the completion of the sale, the chief accounting officer directly owned 100,962 shares of the company’s stock, valued at $2,919,821.04. This represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 489,326 shares of company stock valued at $12,781,456 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WBD shares. Guggenheim cut Warner Bros. Discovery from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $25.00 to $30.00 in a research report on Wednesday, January 14th. Redburn Partners set a $28.00 price target on Warner Bros. Discovery in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $29.50 target price on shares of Warner Bros. Discovery in a research report on Monday, December 8th. Seaport Global Securities boosted their price objective 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, KeyCorp reissued a “sector weight” rating on shares of Warner Bros. Discovery in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Warner Bros. Discovery presently has an average rating of “Moderate Buy” and an average target price of $24.75.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $28.24 on Wednesday. The stock has a market cap of $69.98 billion, a PE ratio of 148.64 and a beta of 1.56. Warner Bros. Discovery, Inc. has a 1-year low of $7.52 and a 1-year high of $30.00. The firm has a fifty day moving average price of $26.85 and a 200 day moving average price of $19.71. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.07 and a quick ratio of 1.07.

Warner Bros. Discovery (NASDAQ:WBD) last posted 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). Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. The firm had revenue of $9.05 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the company posted $0.05 earnings per share. Warner Bros. Discovery’s revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current 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.