ACT Wealth Management LLC Sells 24,053 Shares of Warner Bros. Discovery, Inc. $WBD

ACT Wealth Management LLC lowered its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 44.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,370 shares of the company’s stock after selling 24,053 shares during the quarter. Warner Bros. Discovery accounts for about 0.3% of ACT Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. ACT Wealth Management LLC’s holdings in Warner Bros. Discovery were worth $875,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WBD. Concord Wealth Partners boosted its holdings in shares of 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 buying an additional 440 shares during the period. Physician Wealth Advisors Inc. raised its holdings in shares of Warner Bros. Discovery by 152.1% during the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after acquiring an additional 847 shares during the period. Grove Bank & Trust lifted its position in Warner Bros. Discovery by 66.5% in the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after acquiring an additional 675 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Warner Bros. Discovery in the 3rd quarter valued at $33,000. Finally, Crews Bank & Trust boosted its stake in Warner Bros. Discovery by 1,242.2% in the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock worth $34,000 after purchasing an additional 1,590 shares during the period. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Up 1.4%

WBD stock opened at $27.46 on Wednesday. The company has a market cap of $68.10 billion, a price-to-earnings ratio of 94.69 and a beta of 1.60. Warner Bros. Discovery, Inc. has a twelve month low of $7.52 and a twelve month high of $30.00. The business has a 50 day moving average price of $27.86 and a two-hundred day moving average price of $25.16. 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 data on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the prior year, the company earned ($0.20) EPS. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Warner Bros. Discovery News Summary

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

• Positive Sentiment: Paramount Skydance executives and WBD management are highlighting potential cost savings, tech and AI-enabled efficiencies from the proposed merger—news that supports upside from deal synergies if the transaction closes. David Ellison On Cost Savings, Growth, The Tech Stack & AI As WBD Merger
• Positive Sentiment: FIE extended its partnership with WBD, signaling steady international distribution demand for WBD content and supporting recurring revenue streams outside the U.S. FIE extends WBD partnership
• Positive Sentiment: WBD Access launched a production incubator tied to a Food Network format—an example of low-risk content development that can feed streaming and linear schedules and reduce content costs over time. WBD Access Launches Production Incubator for Food Network Show
• Positive Sentiment: Seasonal promotions like the Looney Tunes spring event boost short-term engagement, merchandising and advertising opportunities across networks and streaming — incremental revenue drivers. WBD Celebrates Spring with Looney Tunes Seasonal Event
• Neutral Sentiment: The boards of WBD and Paramount Skydance have scheduled a shareholder vote on the proposed merger and are recommending approval; the vote is a near-term catalyst but outcome timing and investor reception remain event risks. Warner Bros Discovery Vote Weighs Cash Offer Against Streaming Future
• Neutral Sentiment: Industry commentary on Netflix’s withdrawal from the WBD bidding war highlights that competitive consolidation can reshape peers’ strategies; this is more material to rivals (NFLX) than to WBD’s fundamentals. Why Losing the Warner Bros Deal May Be the Best Outcome for Netflix Stock (WBD)
• Negative Sentiment: The U.S. Department of Justice issued a subpoena related to Paramount Skydance’s acquisition of WBD, introducing regulatory risk that could delay, alter or even block the deal—this is the main near-term downside risk for the stock. US DOJ Issues Subpoena for Paramount Sky (PSKY.US) Acquisition of Warner Bros. Discovery (WBD.US)

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Huber Research cut Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 27th. Sanford C. Bernstein upped their price objective on Warner Bros. Discovery from $23.50 to $27.75 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. Argus decreased their price objective on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Morgan Stanley set a $29.00 target price on Warner Bros. Discovery in a research report on Thursday, December 18th. Finally, Weiss Ratings upgraded Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.30.

Insider Buying and Selling

In other news, CFO Gunnar Wiedenfels sold 617,580 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were 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 $19,536,852.50. The trade was a 47.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gerhard Zeiler sold 600,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total transaction of $16,812,000.00. Following the completion of the sale, the insider directly owned 672,649 shares in the company, valued at approximately $18,847,624.98. The trade was a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,206,827 shares of company stock worth $230,674,025. Corporate insiders own 1.80% of the company’s stock.

Warner Bros. Discovery 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.