Boyar Asset Management Inc. Has $688,000 Stake in Warner Bros. Discovery, Inc. $WBD

Boyar Asset Management Inc. reduced its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 44.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,228 shares of the company’s stock after selling 27,839 shares during the quarter. Boyar Asset Management Inc.’s holdings in Warner Bros. Discovery were worth $688,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Concord Wealth Partners lifted its position in shares of Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in Warner Bros. Discovery by 152.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock valued at $27,000 after buying an additional 847 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in Warner Bros. Discovery in the 2nd quarter valued at approximately $29,000. Grove Bank & Trust increased 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 worth $33,000 after buying an additional 675 shares during the period. Finally, JPL Wealth Management LLC acquired a new position in shares of Warner Bros. Discovery during the third quarter worth approximately $33,000. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock opened at $27.64 on Wednesday. The company has a market cap of $68.49 billion, a PE ratio of 95.31 and a beta of 1.60. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $30.00. The company’s 50-day moving average is $28.12 and its two-hundred day moving average is $24.16.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.19). The business 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 firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.20) EPS. Equities analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Activity

In other Warner Bros. Discovery news, insider Bruce Campbell sold 41,784 shares of Warner Bros. Discovery stock in a transaction on Monday, March 9th. The shares were sold at an average price of $27.82, for a total transaction of $1,162,430.88. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerhard Zeiler sold 600,000 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $28.02, for a total value of $16,812,000.00. Following the completion of the transaction, the insider directly owned 672,649 shares in the company, valued at approximately $18,847,624.98. This trade represents a 47.15% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 8,206,827 shares of company stock worth $230,674,025. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WBD shares. TD Cowen raised their price objective on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, February 27th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. UBS Group increased their price target on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Rothschild & Co Redburn set a $31.00 price objective on shares of Warner Bros. Discovery and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Finally, Arete Research reaffirmed a “neutral” rating and set a $31.25 price objective on shares of Warner Bros. Discovery in a research report 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 assigned a Sell rating to the company. According to data from MarketBeat, Warner Bros. Discovery has a consensus rating of “Hold” and a consensus target price of $26.30.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: Studio prestige lift — Warner Bros. films (“One Battle After Another,” “Sinners”) won multiple Academy Awards, raising the profile of WBD’s premium content slate and strengthening licensing/monetization and brand value ahead of the M&A close. Warner Bros. Wins Best Picture
• Positive Sentiment: Management PR momentum — CEO David Zaslav sent a company-wide note celebrating the “historic” Oscars night, which can support morale, short-term PR and negotiation leverage in M&A talks. Zaslav Celebrates Oscars
• Neutral Sentiment: Paramount takeover remains the primary valuation driver — coverage notes the $110B Paramount Skydance bid is the structural story; awards help PR but the deal terms, regulatory review and closing timeline will determine ultimate shareholder value. Reuters: Oscar triumph bittersweet as Paramount deal looms
• Neutral Sentiment: Industry context — Netflix’s decision to walk away and resulting sector moves are reshaping bidder dynamics and capital allocation across streaming/studio assets; monitor competitor maneuvers. Why Netflix Stock Is Rallying
• Negative Sentiment: Governance and payout concerns — regulatory filings show CEO David Zaslav could receive up to ~$887M in merger-related compensation (cash, equity payouts and tax reimbursements), raising governance scrutiny that could unsettle some investors and attract activist or regulatory attention. Warner CEO Pay Could Top $667M
• Negative Sentiment: Insider selling — recent director sales (Paul A. Gould sold ~600k shares; Fazal Merchant sold 35k shares) add near-term supply and can be interpreted as liquidity-taking ahead of the transaction close. Paul Gould SEC filing Fazal Merchant SEC filing
• Negative Sentiment: Bid noise & non‑credible approaches — reports of non-credible bids and late disclosures increase deal uncertainty and highlight governance questions around takeover incentives and process. Warner Bros Discovery Bid Drama

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.