Bfsg LLC Sells 116,950 Shares of Warner Bros. Discovery, Inc. $WBD

Bfsg LLC lessened its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 84.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,534 shares of the company’s stock after selling 116,950 shares during the quarter. Bfsg LLC’s holdings in Warner Bros. Discovery were worth $621,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Warner Bros. Discovery by 7.1% during the 3rd quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock valued at $5,492,112,000 after purchasing an additional 18,736,600 shares in the last quarter. Jericho Capital Asset Management L.P. increased its stake in Warner Bros. Discovery by 108.9% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock valued at $685,413,000 after purchasing an additional 18,291,865 shares in the last quarter. Northern Trust Corp increased its stake in Warner Bros. Discovery by 3.9% during the 3rd quarter. Northern Trust Corp now owns 23,496,725 shares of the company’s stock valued at $458,891,000 after purchasing an additional 876,869 shares in the last quarter. Pacer Advisors Inc. increased its stake in Warner Bros. Discovery by 4,639.8% during the 3rd quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company’s stock valued at $445,066,000 after purchasing an additional 22,308,046 shares in the last quarter. Finally, EdgePoint Investment Group Inc. increased its stake in Warner Bros. Discovery by 1.5% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 22,417,640 shares of the company’s stock valued at $256,906,000 after purchasing an additional 332,632 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $27.44 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.06. The company has a fifty day moving average of $27.75 and a two-hundred day moving average of $25.55. The stock has a market capitalization of $68.05 billion, a PE ratio of 94.62 and a beta of 1.63. Warner Bros. Discovery, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.33 billion. Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The business’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.20) earnings per share. As a group, research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WBD shares. TD Cowen upped their price target on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, February 27th. UBS Group upped their price target on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Morgan Stanley set a $29.00 price target on shares of Warner Bros. Discovery in a research note on Thursday, December 18th. Benchmark restated a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Finally, Raymond James Financial restated an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Warner Bros. Discovery currently has an average rating of “Hold” and a consensus price target of $26.30.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: Proxy adviser Glass Lewis recommended Warner Bros. Discovery shareholders vote in favor of the company’s proposed merger with Paramount Skydance, improving the odds of shareholder approval. Proxy adviser Glass Lewis recommends Warner Bros shareholders vote for Paramount deal
• Positive Sentiment: Paramount Skydance has lined up debt commitments and permanent financing to back the acquisition, reducing a key financing risk for the transaction. Paramount seals debt commitments backing Warner Bros deal
• Positive Sentiment: Paramount Skydance secured roughly $24 billion from Middle Eastern sovereign investors to support the bid, strengthening the equity / backstop for the takeover and making the overall financing package more robust. Paramount Skydance secures $24bn from 3 Middle Eastern sovereign funds for Warner Bros. deal
• Neutral Sentiment: Institutional Shareholder Services (ISS) and other advisers have recommended shareholders approve the merger but have simultaneously flagged/asked to reject certain compensation and tax-reimbursement items — a mixed signal that may lead to split votes on different ballot items. ISS Backs $31 Offer For Warner Bros Discovery, Flags $500M Pay Package
• Neutral Sentiment: Operational / industry coverage: Q4 teardown pieces and an executive board appointment at OpenAP provide context but are unlikely to move the stock by themselves. Consumer Discretionary – Media Stocks Q4 Teardown OpenAP appoints WBD’s Gould as Chairman of Board
• Negative Sentiment: Short interest rose sharply in March to ~59.4M shares (up 24.5%), signaling increased bearish bets and adding downward pressure if shorts continue to grow or unwind. (Current short-interest ratio ~2.0 days.)
• Negative Sentiment: Leading adviser ISS and other shareholder-solicitation coverage have strongly criticized and urged votes against David Zaslav’s proposed multi-hundred‑million dollar “golden parachute,” raising governance risk and the potential for contentious proxy fights that could complicate or delay shareholder approval. Warner Bros. Discovery Shareholders Advised to Vote Against David Zaslav’s Golden Parachute

Insider Activity

In related news, Director Fazal F. Merchant sold 35,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $27.48, for a total transaction of $961,800.00. Following the completion of the sale, the director directly owned 95,539 shares in the company, valued at approximately $2,625,411.72. This trade represents a 26.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce Campbell sold 41,784 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $27.82, for a total transaction of $1,162,430.88. Following the sale, the insider owned 604,666 shares of the company’s stock, valued at approximately $16,821,808.12. The trade was a 6.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,206,827 shares of company stock valued at $230,674,025 in the last quarter. Insiders own 1.90% of the company’s stock.

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.