Warner Bros. Discovery, Inc. $WBD Shares Sold by South Dakota Investment Council

South Dakota Investment Council cut its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 59.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,398 shares of the company’s stock after selling 261,350 shares during the quarter. South Dakota Investment Council’s holdings in Warner Bros. Discovery were worth $3,465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TriaGen Wealth Management LLC acquired a new position in Warner Bros. Discovery in the 3rd quarter worth about $443,000. Penserra Capital Management LLC raised its position in Warner Bros. Discovery by 29,882.6% during the second quarter. Penserra Capital Management LLC now owns 62,064 shares of the company’s stock valued at $710,000 after acquiring an additional 61,857 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Warner Bros. Discovery by 7.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 19,463,234 shares of the company’s stock valued at $223,049,000 after acquiring an additional 1,333,005 shares during the last quarter. Swedbank AB lifted its stake in Warner Bros. Discovery by 3.7% in the third quarter. Swedbank AB now owns 1,065,445 shares of the company’s stock valued at $20,808,000 after acquiring an additional 37,986 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in Warner Bros. Discovery by 1.0% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,572,301 shares of the company’s stock worth $18,019,000 after acquiring an additional 16,006 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Warner Bros. Discovery news, CFO Gunnar Wiedenfels sold 242,994 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 918,940 shares in the company, valued at $27,108,730. This trade represents a 20.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Lori C. Locke sold 4,122 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $28.92, for a total value of $119,208.24. Following the completion of the sale, the chief accounting officer owned 100,962 shares in the company, valued at $2,919,821.04. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 252,116 shares of company stock valued at $7,425,631 in the last quarter. Corporate insiders own 1.90% of the company’s stock.

Trending Headlines about Warner Bros. Discovery

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

• Positive Sentiment: Board-backed, revised $31-per-share cash bid from Paramount Skydance gives WBD shareholders a clear takeout path and strengthens the likelihood of a deal closing; that’s a near-term bullish catalyst. Zacks: PSKY revised proposal
• Positive Sentiment: Paramount Skydance signed a definitive agreement to acquire WBD, combining streaming assets and keeping key cable networks — the transaction carries a cash premium that supports WBD’s current rally. Yahoo Finance: Paramount Skydance deal
• Positive Sentiment: FCC Chair Brendan Carr described the deal as “cleaner” than Netflix’s proposal and said it should be approved quickly — favorable regulator commentary reduces execution uncertainty. CNBC: FCC chair supportive
• Neutral Sentiment: Argus lowered its price target slightly (from $32 to $31) but kept a Buy rating, signaling that analysts still see upside from the deal price despite modestly tempered expectations. MarketScreener: Argus adjusts PT
• Neutral Sentiment: Coverage pieces note Netflix formally exited the bidding; that removes a rival bidder (reducing upside from an auction) but also removes a complex political/regulatory variable — mixed implications for value. MarketBeat: Netflix exits
• Negative Sentiment: Fitch downgraded Paramount-related credit ratings to junk after the acquisition move, and S&P put Paramount on CreditWatch Negative — higher financing costs and tighter covenants raise risk that deal economics or timing could be affected. Reuters: Fitch downgrades Paramount
• Negative Sentiment: CEO David Zaslav and other executives sold large blocks of WBD stock after the deal was clinched (reported >$100M for Zaslav) — sizable insider sales can be perceived as profit-taking and may cap near-term upside. Deadline: Zaslav sells shares
• Negative Sentiment: Industry pushback and filmmaker concerns about consolidation, plus media coverage of political/financial entanglements (e.g., reports around bond purchases and outside actors), add reputational and regulatory noise that could complicate approvals. Hollywood Reporter: political/financial noise

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. TD Cowen lifted their price objective 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. Morgan Stanley set a $29.00 price target on Warner Bros. Discovery in a research report on Thursday, December 18th. Moffett Nathanson increased their price objective on Warner Bros. Discovery from $26.00 to $31.00 and gave the company a “buy” rating in a report on Friday, January 30th. Weiss Ratings raised Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Finally, Barrington Research cut Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a research report on Friday, December 5th. Six research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Warner Bros. Discovery presently has a consensus rating of “Hold” and a consensus price target of $25.34.

Warner Bros. Discovery Stock Down 0.9%

Shares of WBD stock opened at $27.95 on Thursday. Warner Bros. Discovery, Inc. has a 12 month low of $7.52 and a 12 month high of $30.00. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.87. The firm has a market cap of $69.26 billion, a PE ratio of 96.38 and a beta of 1.60. The stock has a 50 day moving average of $28.32 and a 200-day moving average of $23.08.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) 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 the consensus estimate of $9.33 billion. Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The company’s revenue was down 5.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.20) EPS. On average, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

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.