Pacer Advisors Inc. Decreases Holdings in Warner Bros. Discovery, Inc. $WBD

Pacer Advisors Inc. trimmed its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 58.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,388,632 shares of the company’s stock after selling 13,400,215 shares during the quarter. Pacer Advisors Inc.’s holdings in Warner Bros. Discovery were worth $270,580,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WBD. Brighton Jones LLC raised its position in shares of Warner Bros. Discovery by 304.9% during the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock valued at $729,000 after buying an additional 51,920 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Warner Bros. Discovery by 50.5% during the 1st quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock valued at $679,000 after buying an additional 21,228 shares in the last quarter. Empowered Funds LLC raised its position in shares of Warner Bros. Discovery by 6.2% during the 1st quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock valued at $698,000 after buying an additional 3,779 shares in the last quarter. Focus Partners Wealth raised its position in shares of Warner Bros. Discovery by 91.6% during the 1st quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock valued at $1,254,000 after buying an additional 55,837 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Warner Bros. Discovery by 3.8% during the 2nd quarter. Baird Financial Group Inc. now owns 111,450 shares of the company’s stock valued at $1,277,000 after buying an additional 4,062 shares in the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock opened at $27.25 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.73 and a quick ratio of 0.73. Warner Bros. Discovery, Inc. has a 1-year low of $8.82 and a 1-year high of $30.00. The firm has a market capitalization of $68.31 billion, a P/E ratio of -38.93 and a beta of 1.57. The company’s 50-day moving average is $27.37 and its 200 day moving average is $26.86.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The firm had revenue of $8.89 billion during the quarter, compared to analysts’ expectations of $8.89 billion. During the same period last year, the company earned ($0.18) earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts forecast that Warner Bros. Discovery, Inc. will post -0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WBD shares. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a research report on Thursday, May 7th. Rothschild & Co Redburn set a $31.00 target price on shares of Warner Bros. Discovery and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Raymond James Financial reissued an “underperform” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Arete Research reissued a “neutral” rating and issued a $31.25 price objective on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Finally, TD Cowen increased 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 report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.36.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Warner Bros. Discovery used its upfront presentation to highlight new ad tools, including a real-time dashboard and performance-focused selling features, which could support stronger ad monetization. WBD Upfront: New Ad Solutions, Real-Time Dashboard
• Positive Sentiment: The company also announced new programming across cable and kids networks, signaling continued investment in content and fresh audience-driving shows. Warner Bros. Discovery Cable Nets Line Up New Shows From Terry Crews, Ken Jeong, Leslie Jones, Shaquille O’Neal & Ben Affleck
• Neutral Sentiment: Analyst and investor interest remains elevated after WBD’s recent earnings call, keeping the stock in focus even as the company continues to face mixed fundamentals. Warner Bros. Discovery, Inc. (WBD) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Coverage around the upfront emphasized the “Ellison in the room” and speculation tied to Paramount’s interest in Warner Bros. Discovery, but the deal talk remains uncertain and policy scrutiny is still developing. WBD Sales Chiefs Acknowledge The “Ellison In The Room”, Nodding To Paramount Deal At Upfront Amid Talk Of Ad Tools
• Negative Sentiment: Reuters reported that House Democrats are pressing Paramount’s CEO on whether changes to CNN coverage were discussed as part of the acquisition process, adding regulatory and political risk around any WBD transaction. House lawmakers press Paramount CEO on Warner Brothers acquisition
• Negative Sentiment: Several reports suggest the upfront event and broader narrative around WBD’s media business were overshadowed by concerns about legacy cable weakness and uncertainty in its gaming segment, tempering enthusiasm. Warner Bros. Discovery once again glosses over gaming business in Q1 2026 financials

Insiders Place Their Bets

In other Warner Bros. Discovery news, insider Bruce Campbell sold 1,580,331 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $28.00, for a total value of $44,249,268.00. Following the transaction, the insider directly owned 690,028 shares in the company, valued at $19,320,784. This represents a 69.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul A. Gould sold 600,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the completion of the transaction, the director owned 244,357 shares in the company, valued at $6,683,163.95. This represents a 71.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,206,827 shares of company stock worth $230,674,025. 1.90% of the stock is owned by company insiders.

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.