Warner Bros. Discovery, Inc. $WBD Stake Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 43.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,016 shares of the company’s stock after buying an additional 53,241 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Warner Bros. Discovery were worth $4,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC raised its position in Warner Bros. Discovery by 4.5% during the first quarter. Venturi Wealth Management LLC now owns 8,462 shares of the company’s stock valued at $232,000 after buying an additional 367 shares during the period. Krilogy Financial LLC boosted its position in Warner Bros. Discovery by 2.6% during the 1st quarter. Krilogy Financial LLC now owns 14,809 shares of the company’s stock worth $406,000 after acquiring an additional 369 shares during the period. Cromwell Holdings LLC boosted its position in Warner Bros. Discovery by 7.6% during the 2nd quarter. Cromwell Holdings LLC now owns 5,467 shares of the company’s stock worth $146,000 after acquiring an additional 386 shares during the period. Elevation Wealth Partners LLC grew its position in Warner Bros. Discovery by 64.3% during the second quarter. Elevation Wealth Partners LLC now owns 1,009 shares of the company’s stock valued at $27,000 after purchasing an additional 395 shares in the last quarter. Finally, Optas LLC grew its position in Warner Bros. Discovery by 2.7% during the first quarter. Optas LLC now owns 15,529 shares of the company’s stock valued at $426,000 after purchasing an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Insiders Place Their Bets

In other Warner Bros. Discovery news, insider Gerhard Zeiler sold 591,038 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $27.05, for a total value of $15,987,577.90. Following the completion of the sale, the insider owned 537,436 shares of the company’s stock, valued at $14,537,643.80. The trade was a 52.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth W. Lowe sold 120,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $26.97, for a total value of $3,236,400.00. Following the sale, the director owned 990,108 shares of the company’s stock, valued at approximately $26,703,212.76. This trade represents a 10.81% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.70% of the company’s stock.

Warner Bros. Discovery Price Performance

NASDAQ WBD opened at $27.65 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $69.32 billion, a PE ratio of -21.77 and a beta of 1.55. Warner Bros. Discovery, Inc. has a 12-month low of $11.25 and a 12-month high of $30.00. The company has a 50 day moving average price of $26.49 and a two-hundred day moving average price of $27.17.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.20. The company had revenue of $8.72 billion for the quarter, compared to analyst estimates of $9.25 billion. Warner Bros. Discovery had a negative net margin of 8.77% and a negative return on equity of 8.91%. Warner Bros. Discovery’s quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 EPS. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -1.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WBD. Freedom Capital upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Monday. Zacks Research cut shares of Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Warner Bros. Discovery in a research note on Tuesday, August 4th. Huber Research upgraded Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Finally, UBS Group lifted their price objective on Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.69.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Freedom Capital upgraded WBD from “hold” to “strong buy,” adding to the stock’s bullish sentiment. Zacks.com
• Positive Sentiment: Paramount Skydance reportedly said a sale of CNN could be considered to help resolve California’s antitrust lawsuit challenging its proposed merger with Warner Bros. Discovery. Such a concession could improve the transaction’s chances of closing, although it would also reshape the deal’s strategic benefits. Paramount says CNN sale is on the table
• Neutral Sentiment: Paramount CEO David Ellison reportedly threatened to begin moving the company out of California if the state attorney general does not negotiate a settlement. The escalation increases pressure for a resolution but could prolong uncertainty around the WBD merger. Paramount California exit threat
• Neutral Sentiment: Coverage continues to describe the Paramount–WBD transaction as being in legal limbo, with an antitrust trial reportedly scheduled for March 2027. The prolonged timetable makes the stock particularly sensitive to regulatory and courtroom developments. Paramount Skydance versus WBD deal analysis
• Negative Sentiment: Director Kenneth W. Lowe sold 120,000 shares for approximately $3.24 million, while insider Gerhard Zeiler sold 591,038 shares worth about $15.99 million. The sizable insider selling may weigh on sentiment, though the filings do not establish the sellers’ motivations. WBD insider sale filing
• Negative Sentiment: The merger’s antitrust challenges remain a material downside risk: failure or substantial modification of the deal could remove a major source of potential value for WBD shareholders. Democratic scrutiny of the Paramount-WBD deal

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.