TD Asset Management Inc Cuts Holdings in Warner Bros. Discovery, Inc. $WBD

TD Asset Management Inc reduced its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 960,055 shares of the company’s stock after selling 27,505 shares during the period. TD Asset Management Inc’s holdings in Warner Bros. Discovery were worth $18,750,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Greenland Capital Management LP bought a new position in shares of Warner Bros. Discovery during the 3rd quarter valued at approximately $195,000. Mufg Securities Americas Inc. raised its stake in Warner Bros. Discovery by 33.8% during the third quarter. Mufg Securities Americas Inc. now owns 66,762 shares of the company’s stock valued at $1,304,000 after purchasing an additional 16,864 shares in the last quarter. Compound Planning Inc. lifted its position in Warner Bros. Discovery by 50.5% during the third quarter. Compound Planning Inc. now owns 15,355 shares of the company’s stock valued at $300,000 after purchasing an additional 5,155 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Warner Bros. Discovery by 10.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 5,961 shares of the company’s stock worth $116,000 after buying an additional 544 shares in the last quarter. Finally, Clearstead Advisors LLC increased its holdings in shares of Warner Bros. Discovery by 0.6% in the 3rd quarter. Clearstead Advisors LLC now owns 91,414 shares of the company’s stock worth $1,785,000 after buying an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Insider Buying and Selling

In other news, CFO Gunnar Wiedenfels sold 242,994 shares of Warner Bros. Discovery stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the completion of the sale, the chief financial officer owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. The trade was a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lori C. Locke sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $27.62, for a total value of $138,100.00. Following the completion of the sale, the chief accounting officer owned 110,084 shares of the company’s stock, valued at $3,040,520.08. The trade was a 4.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 257,116 shares of company stock worth $7,546,331. Corporate insiders own 1.90% of the company’s stock.

Warner Bros. Discovery Stock Performance

WBD stock opened at $28.17 on Friday. Warner Bros. Discovery, Inc. has a twelve month low of $7.52 and a twelve month high of $30.00. The firm has a market cap of $69.80 billion, a price-to-earnings ratio of 97.14 and a beta of 1.64. The business’s fifty day simple moving average is $28.37 and its two-hundred day simple moving average is $22.74. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.99% and a net margin of 1.95%.The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on WBD shares. Guggenheim downgraded shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and increased their price target for the company from $25.00 to $30.00 in a report on Wednesday, January 14th. Barrington Research lowered Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a research note on Friday, December 5th. Arete Research reissued a “neutral” rating and set a $31.25 target price on shares of Warner Bros. Discovery in a research report on Friday. Rothschild & Co Redburn set a $31.00 price objective on shares of Warner Bros. Discovery and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Finally, TD Cowen increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.39.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Paramount’s acquisition agreement announced — a $31-per-share cash deal values WBD at roughly $110 billion and is now a formal merger agreement, creating a clear path to a cash exit for shareholders. PR Newswire
• Positive Sentiment: Netflix exits the bidding — Netflix declined to raise its offer after Paramount’s $31 bid was declared superior, reducing takeover uncertainty and making a Paramount close more likely. Reuters
• Positive Sentiment: EU approval expected to be manageable — sources tell Reuters the deal is likely to clear EU antitrust scrutiny with only minor divestments if required, lowering one regulatory hurdle. Reuters
• Neutral Sentiment: Analyst reactions mixed — several firms updated ratings/targets (TD Cowen raised its PT to $26 but kept a hold; Deutsche Bank moved to hold with a $31 PT), reflecting divided views on deal certainty and standalone fundamentals. MarketScreener (TD Cowen) MarketScreener (Deutsche Bank)
• Negative Sentiment: Q4 results disappointed — WBD posted a loss per share and revenue declined ~6% year/year, missing EPS expectations and underscoring legacy TV/studio weakness despite streaming growth. That weak print amplifies uncertainty around valuation and growth prospects. WBD press release / earnings
• Negative Sentiment: Employee and synergy risk — CNBC reports WBD staff fear layoffs if Paramount pursues roughly $6B of cost synergies; job cuts and integration execution could create operational disruption and headline risk. CNBC
• Negative Sentiment: Political/regulatory friction remains — California and other political actors could still slow the deal; state-level opposition and broader antitrust scrutiny remain possible roadblocks. Reuters
• Negative Sentiment: Options and sentiment signal volatility — today saw an unusually large spike in put option volume, indicating elevated hedging/speculative bearish positioning even as a cash deal price anchors the 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.